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1
Money
Wray, L. Randall
-
2010
buys goods and goods buy money, but goods do not buy goods. (2) Money is always
debt
; it cannot be a commodity from the … first proposition because, if it were, that would mean that a particular good is buying goods.(3) Default on
debt
is …
Persistent link: https://www.econbiz.de/10010286493
Saved in:
2
Managing pessimistic expectations and fiscal policy
Karantounias, Anastasios G.
-
2012
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
Saved in:
3
An Empirical Investigation of the Strategic Use of
Debt
Pettersson, Per
-
1999
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
Saved in:
4
Saving social security
Lane, Edward
-
2024
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
Saved in:
5
Debt
Maturity without Commitment
Niepelt, Dirk
-
2008
I analyze how lack of commitment affects the maturity structure of sovereign
debt
. Governments balance benefits of …- term
debt
affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped … by revenue losses on inframarginal units of
debt
that reflect the price impact of these decisions. The model predicts an …
Persistent link: https://www.econbiz.de/10011430074
Saved in:
6
Did Genoa and Venice Kick a Financial Revolution in the Quattrocento?
Fratianni, Michele
;
Spinelli, Franco
-
2006
Did the city-states of Genoa and Venice kick a financial revolution all the way back in the Quattrocento, much sooner than the financial revolutions of the Netherlands, England and America? To answer this question we analyze the classic revolutions in terms of three key criteria: credibility of...
Persistent link: https://www.econbiz.de/10013370029
Saved in:
7
Options for China in a dollar standard world: A sovereign currency approach
Wray, L. Randall
;
Liu, Xinhua
-
2014
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010513080
Saved in:
8
Financialisation at a watershed in the USA
Lapavitsas, Costas
;
Mendieta-Muñoz, Ivan
-
2017
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
Saved in:
9
Debt
, liquidity and dynamics
Polemarchakis, H. M.
;
Rochon, Céline
-
2001
Money, which provides liquidity, is distinct from
debt
. The introduction of a bank that issues money in exchange for …
debt
and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …
Persistent link: https://www.econbiz.de/10010318857
Saved in:
10
Understanding Financial Crises: Causes, Consequences, and Policy Responses
Claessens, Stijn
;
Kose, M. Ayhan
;
Laeven, Luc
; …
-
2013
range of crises, including banking, balance-of-payments, and sovereign
debt
crises. It reviews the typical patterns prior to …
Persistent link: https://www.econbiz.de/10010500233
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