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Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic … integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain … relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily …
Persistent link: https://www.econbiz.de/10012667496
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.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk …
Persistent link: https://www.econbiz.de/10011374734
Persistent link: https://www.econbiz.de/10009620965
, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …
Persistent link: https://www.econbiz.de/10014395687
This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...
Persistent link: https://www.econbiz.de/10012613501
This paper discusses recent empirical research on the interplay between fiscal policies and external imbalances in the G3 countries, focusing on the stock-flow dynamics of public and foreign deficits and debt accumulation
Persistent link: https://www.econbiz.de/10014395805
In this paper, we argue that there is much room for China to strengthen its regulatory framework for public-private partnerships (PPPs). We show that infrastructure projects carried out through local government financing vehicles (LGFVs) were largely unregulated PPPs, and significant fiscal...
Persistent link: https://www.econbiz.de/10011715383
News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...
Persistent link: https://www.econbiz.de/10009618558
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