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While the earth summit Rio+20 is taking place, top scholars from IEA, KTH, CEPS, IIASA and EBRD discuss the main issues concerning Energy poverty which should be kept at the centre of the political and scientific debate.
Persistent link: https://www.econbiz.de/10010833955
In this paper, institutions are described which are designed to reach sustainability of public finances in the Swiss …
Persistent link: https://www.econbiz.de/10010986700
policy on debt was found to be decreasing over time. However, it was still significantly positive, showing sustainability …
Persistent link: https://www.econbiz.de/10010990147
The euro crisis was typically presented as excessive fiscal deficits leading to the accumulation of unsustainable public debts. This diagnosis applied most notably in Greece and Italy, but also Portugal and Spain. Implicit in much of the analysis, and occasionally explicit, was the suggestion...
Persistent link: https://www.econbiz.de/10010849649
This paper examines the role of fiscal policy in the long run. We show that (i) dynamic inefficiency may be empirically relevant in a modified Diamond OLG model with imperfect competition, (ii) fiscal policy may be needed to avoid inefficiency (if investment adjusts passively to saving) and...
Persistent link: https://www.econbiz.de/10010902492
anecdotal historical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and … rejection of the hypothesis of fiscal sustainability for the period from 1950 to 2010.This evidence leads to the conclusion that … fiscal consolidation actually takes place – for the sake of public debt sustainability. …
Persistent link: https://www.econbiz.de/10010907947
In this paper, we develop a comprehensive framework to obtain a 'broad definition' of overall public debt stock accumulation in Turkey. To do this first, we identify 'invisible balance' of public sector incurred from politically backed (informal) off-budget debt-creating transactions among...
Persistent link: https://www.econbiz.de/10010944797
of general category states. The study reviews this projection and assesses their financial stability and sustainability …
Persistent link: https://www.econbiz.de/10010945248
This paper proposes indicators to assess government debt sustainability in the medium and long term. We follow the … clearly identifies countries that have sustainability concerns: Italy, Spain, Portugal and Iceland, from those that do not: US …
Persistent link: https://www.econbiz.de/10011020649
The objective of the study is to assess and analyze sustainability of overall public debt and sustainability of … sustainability through interest rate and growth rate differential and level of primary budget balance while external debt … sustainability is assessed through interest rate on debt and growth rate of exports differential and current account balance. The …
Persistent link: https://www.econbiz.de/10011259292