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Whether fiscal policy is sustainable depends on a government's future revenue and expenditure streams, both of which are highly uncertain. In commodity-rich countries, this problem is intensified by unpredictable and volatile commodity prices. We show how spending rules for oil income and...
Persistent link: https://www.econbiz.de/10011386438
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010371104
rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …
Persistent link: https://www.econbiz.de/10011372966
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011301152
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …
Persistent link: https://www.econbiz.de/10011374417
Persistent link: https://www.econbiz.de/10003644212
This study analyzes whether subjective well-being measures can explain variation in peaceful uprisings, in addition to the objective measures typically used in analyses of uprisings. Using a database combining data on uprisings and subjective well-being for 118 countries over the period 2007 to...
Persistent link: https://www.econbiz.de/10011916404
' for four distinctly different African countries (Morocco, Egypt, Senegal and Ghana). In general, great expectations about … potential migrants are only present in Ghana and Egypt. The differences in intentions by age and sex are also quite noteworthy … Ghana and Egypt. The network effects of potential migrants turn out to be less important than one might expect from actual …
Persistent link: https://www.econbiz.de/10011333875
Exploiting a unique policy reform in Egypt that reduced the number of years of compulsory schooling, we show how it …
Persistent link: https://www.econbiz.de/10012237089
Persistent link: https://www.econbiz.de/10002695470