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sustainability ; disasters …
Persistent link: https://www.econbiz.de/10003866542
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess …
Persistent link: https://www.econbiz.de/10003826581
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal … sustainability is an issue in most countries, with a below unit estimated coefficient of expenditure in the cointegration relation …
Persistent link: https://www.econbiz.de/10003782655
We decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than to respond to output conditions. We also found that while the effect of cross-country...
Persistent link: https://www.econbiz.de/10003794171
-based spending policies could have led to much safer fiscal positions much more in line with the EU’s Stability and Growth Pact rules …. - Expenditure policies ; public debt ; expenditure rules ; sustainability ; fiscal stance …
Persistent link: https://www.econbiz.de/10008728760
Persistent link: https://www.econbiz.de/10009356898
Persistent link: https://www.econbiz.de/10009765968
The green bond market has increased rapidly in recent years amid growing concerns about climate change and wider environmental issues. However, whether green bonds provide cheaper funding to issuers by trading at a premium, so-called greenium, is still an open discussion. This paper provides...
Persistent link: https://www.econbiz.de/10013373606
by the AFC and HF, may have important impacts on the environment and sustainability. We demonstrate that agents who …
Persistent link: https://www.econbiz.de/10011975631
innovation-driven sustainability. Perhaps surprisingly, we show that carbon regulation need not reduce firm value. …
Persistent link: https://www.econbiz.de/10014484214