Showing 1 - 10 of 61
motive for expectation management that aims towards the manipulation of equilibrium prices of government debt in a favorable …
Persistent link: https://www.econbiz.de/10010292256
We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where …
Persistent link: https://www.econbiz.de/10010292363
In this paper I test two models of strategic debt behavior. The general idea is that if a government anticipates the … possibility of defeat in the next election it will try to use the debt strategically in order to influence the policy of its … successor. Previous empirical studies have either rejected the strategic explanation of debt or have not been able to isolate …
Persistent link: https://www.econbiz.de/10010321712
This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries from industrial countries and then discusses how probabilistic models can help to evaluate fiscal...
Persistent link: https://www.econbiz.de/10010327194
Historically high levels of private and public debt coupled with already very low short-term interest rates appear to … considered is monetary financing by central banks to boost demand and/or relieve debt burdens. We find little empirical evidence …
Persistent link: https://www.econbiz.de/10011545308
The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner's theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature of money and the origin of the business cycle and...
Persistent link: https://www.econbiz.de/10011545315
disenrollment is linked with individual-level credit risk score and debt data to identify the effects. The results suggest that the … of increases in the amount and share of delinquent debt (90 days past due or more) and of increases in bankruptcy risk …
Persistent link: https://www.econbiz.de/10012030298
stagnant financial profits, falling mortgage debt and rising public debt. The reliance of households on the formal financial … state debt and to financial regulation. …
Persistent link: https://www.econbiz.de/10011882741
debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010266625
also addressing, albeit in a limited way, the larger political issue of the nation's debt and deficit along with the …
Persistent link: https://www.econbiz.de/10014581826