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Labour market institutions in open economy
Lastauskas, Povilas; Stakėnas, Julius - 2016
Persistent link: https://www.econbiz.de/10011721009
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Fiscal rules for the Western Balkans
Kikoni, Edith; Madžarević-Šujster, Sanja; Irwin, … - 2019
Policy toward fiscal rules is an important issue in the countries of the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia). According to a rough estimate, the countries with rules (all but North Macedonia) have complied with their debt and...
Persistent link: https://www.econbiz.de/10012114089
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No regret fiscal reforms
Collignon, Pierre-Edouard - 2021
Persistent link: https://www.econbiz.de/10012698490
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Fiscal reform to benefit state and local governments : the modern money theory approach
Wray, L. Randall - 2019
This paper will present the Modern Money Theory approach to government finance. In short, a national government that chooses its own money of account, imposes a tax in that money of account, and issues currency in that money of account cannot face a financial constraint. It can make all payments...
Persistent link: https://www.econbiz.de/10012102465
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Fiscal reforms and the fiscal effects of aid in Uganda
Bwire, Thomas; Morrissey, Oliver; Lloyd, Tim A. - 2017
Persistent link: https://www.econbiz.de/10011815075
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Has Japan been following Modern Money Theory without recognizing it? : no! and yes
Wray, L. Randall; Nersisyan, Yeva - 2021
Modern Money Theory (MMT) economists have used Japan as an example of a country that demonstrates that high deficits … really spend tax revenue or borrow in their own currency-with Japan serving as an example of a country that does not face … financial budget constraints as normally defined. In this paper we evaluate whether Japan is the poster child of MMT and argue …
Persistent link: https://www.econbiz.de/10012432238
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An equilibrium search model of the informal sector
Badaoui, Eliane (contributor); Strobl, Eric (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003400926
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Is a very high public debt a problem?
Leão, Pedro - 2015
This paper has two main objectives. The first is to propose a policy architecture that can prevent a very high public debt from resulting in a high tax burden, a government default, or inflation. The second objective is to show that government deficits do not face a financing problem. After...
Persistent link: https://www.econbiz.de/10011309513
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Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
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Modern Money Theory and interrelations between the treasury and the central bank : the case of the United States
Tymoigne, Éric - 2014
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unconstrained by hard financial limits. Not only can they issue their own currency to pay public debt denominated in their own currency,...
Persistent link: https://www.econbiz.de/10010251586