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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 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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Determinants of Recent Inflation in Ethiopia
Menji, Sisay - Volkswirtschaftliche Fakultät, … - 2008
Abstract Inflation has been a rising in Ethiopia during recent years, mainly fueled by food inflation. In the study, an … analysis of the determinants of inflation was made using quarterly data during 1997/98 – 2007/08. The research employed Co … inflation was significantly affected by money supply growth (positively) and domestic output (negatively). Though expected to …
Persistent link: https://www.econbiz.de/10008923053
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Sustainability of public debt: a theoretical and empirical investigation
Albu, Lucian-Liviu; Pelinescu, Elena - Volkswirtschaftliche Fakultät, … - 2000
At the beginning of the transition period, the public debt in Romania was insignificant. However, during the following years, the accumulating process accelerated. Although the indebtedness degree continues to be smaller than registered levels in other European countries, more dangerous could be...
Persistent link: https://www.econbiz.de/10005835849
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The european redemption fund: a comparison of two proposals
Parello, Carmelo Pierpaolo; Visco, Vincenzo - Volkswirtschaftliche Fakultät, … - 2012
This paper proposes a redemption fund for the euro zone countries alternative to that recently proposed by Doluca et al. (2012) – The European Redemption Pact: an Illustrative Guide, GCEE Working Paper No.2, February – and in coherence with a previous proposal of one of the author. In doing...
Persistent link: https://www.econbiz.de/10010599162
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Fiscal policy, public expenditure composition and growth. theory and empirics
Willi, Semmlero; Alfred, Greiner; Bobo, Diallo; Anand, … - Volkswirtschaftliche Fakultät, … - 2011
This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...
Persistent link: https://www.econbiz.de/10009418512
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Should we be Austere? A Normative look at Public Debt
Jafri, Juvaria - Volkswirtschaftliche Fakultät, … - 2014
associated with various issues, particularly low growth and high inflation. This is apparent from the deleveraging vs. deficit … spending debate; in this, the focus has tended to be on two specific outcomes, that is, on economic growth, and inflation. So …
Persistent link: https://www.econbiz.de/10011240257
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Factori de creştere a sustenabilităţii datoriei publice
Georgescu, George - Volkswirtschaftliche Fakultät, … - 2014
In the case of Romania, a sharp deterioration of the fiscal framework strength has been observed during post-crisis period, the public debt-to-GDP ratio currently reaching around 40%, thus doubling as compared to 2008. The structural analysis of government debt portfolio highlighted the main...
Persistent link: https://www.econbiz.de/10011257864
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Sovereign default Risk in the Euro-Periphery and the Euro-Candidate Countries
Gabrisch, Hubert; Orlowski, Lucjan T.; Pusch, Toralf - Volkswirtschaftliche Fakultät, … - 2012
This study examines the key drivers of sovereign default risk in five euro area periphery countries and three euro-candidates that are currently pursuing independent monetary policies. We argue that the recent proliferation of sovereign risk premiums stems from both domestic and international...
Persistent link: https://www.econbiz.de/10011257986
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The European Redemption Fund: A Comparison of Two Proposals
Parello, Carmelo Pierpaolo; Visco, Vincenzo - Volkswirtschaftliche Fakultät, … - 2012
This paper proposes a redemption fund for the euro zone countries alternative to that recently proposed by Doluca et al. (2012) – The European Redemption Pact: an Illustrative Guide, GCEE Working Paper No.2, February – and in coherence with a previous proposal of one of the author. In doing...
Persistent link: https://www.econbiz.de/10011258054