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Convergence to EMU through the Test of the Public Finance –Romania’s Budgetary Deficit and Public Debt
Susanu, Monica - Volkswirtschaftliche Fakultät, … - 2009
The convergence criteria group together those macro variables whose dimensions mean to put in good use, to potentiate and to strengthen the major benefits of integration, as their configuration, either before and especially after the adhesion in EU, represents strict and compulsory requirements...
Persistent link: https://www.econbiz.de/10008596428
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The analysis of budget rules and macroeconomic implications in several developed economies
Popescu, Razvan-Florin; Prodan, Sergiu - Volkswirtschaftliche Fakultät, … - 2010
The purpose of budget rules can be explored from the perspective of the expected results, obtained by their enforcement. On one hand, they are meant to improve or at least maintain certain levels of the budgetary deficit and public debt. On the other hand, they can help or limit the economic...
Persistent link: https://www.econbiz.de/10008805053
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The debt-inflation cycle and the global financial crisis
Boettke, Peter; Coyne, Christopher - Volkswirtschaftliche Fakultät, … - 2011
Writing over 230 years ago, Adam Smith noted the 'juggling trick' whereby governments hide the extent of their public debt through 'pretend payments.' As the fiscal crises around the world illustrate, this juggling trick has run its course. This paper explores the relevance of Smith’s juggling...
Persistent link: https://www.econbiz.de/10009151297
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Public Debt, Economic Growth, and Inflation in African Economies
Lopes da Veiga, José; Ferreira-Lopes, Alexandra; … - Volkswirtschaftliche Fakultät, … - 2014
We analyse the implications of public debt on economic growth and inflation in a group of 52 African economies between … average rates of real and per capita growth are achieved when public debt reaches 60% of the real GDP and an average inflation … reduced rates of economic growth and rising levels of inflation. Our results for three specific geographical areas resemble …
Persistent link: https://www.econbiz.de/10011113117
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The Second Great Contraction
Reinhart, Carmen - Volkswirtschaftliche Fakultät, … - 2009
The global scope and depth of the 2007-2009 crisis is unprecedented in the post World War II period. As such, the most relevant comparison benchmark is the Great Depression, or the Great Contraction as dubbed by Friedman and Schwartz (1963). We highlight some of the similarities between these...
Persistent link: https://www.econbiz.de/10008529251
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The Italian economy and the global crisis: growth,unemployment and public debt
Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2010
The paper analyzes the problems of low growth, unemployment, especially youth unemployment, and high public debt …
Persistent link: https://www.econbiz.de/10011114014
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A new framework for detecting the short term fiscal vulnerability for the European Union countries
Stoian, Andreea; Obreja Brasoveanu, Laura; Dumitrescu, … - Volkswirtschaftliche Fakultät, … - 2015
The aim of this study is to develop a new framework (V-L-D) for detecting the short term vulnerabilities in fiscal policy for the European Union countries. The methodology relies ontwo distinct indicators: one showing the vulnerabilities signalled by the size of the cyclically adjusted budget...
Persistent link: https://www.econbiz.de/10011262756
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Análisis del impacto social de las inversiones públicas en infraestructuras. La huella social
Pegnalver, Domingo - Volkswirtschaftliche Fakultät, … - 2013
infrastructure and its relation to the right to decent work, GDP, inflation and the unemployment rate is the pillar on which this …
Persistent link: https://www.econbiz.de/10011260387
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Inflation, unemployment, and labor force. Phillips curves and long-term projections for Japan
Kitov, Ivan; KItov, Oleg - Volkswirtschaftliche Fakultät, … - 2013
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a … link between inflation, unemployment, and labor force has been also re-estimated and validated by new data. Labor force …
Persistent link: https://www.econbiz.de/10011260989
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Unbundling the Great European Recession (2009-2013): Unemployment, Consumption, Investment, Inflation and Current Account
Campiglio, Luigi Pierfranco - Volkswirtschaftliche Fakultät, … - 2014
reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test for the … relationship between unemployment and the Government deficit, e) we show the existence of a relationship between unemployment and …
Persistent link: https://www.econbiz.de/10011261122