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Persistent link: https://www.econbiz.de/10000793305
The Great Depression of the 1930s and the Great Credit Crisis of the 2000s had similar causes but elicited strikingly different policy responses. It may still be too early to assess the effectiveness of current policy responses, but it is possible to analyze monetary and fiscal policies in the...
Persistent link: https://www.econbiz.de/10013153988
State budgets in the United States played a significant macroeconomic role in the 1970s and 1980s, and the level of cyclical responsiveness was affected by the severity of statutory and constitutional fiscal restraints. Moving from no fiscal restraints to the most stringent restraints lowered...
Persistent link: https://www.econbiz.de/10012781652
Debt in service of the state -- States and the limits of borrowing -- Democratization and globalization -- Caveat emptor -- Managing problem debts -- Successful consolidation -- Warfare to welfare -- Cycles of debt -- Oil and water -- Missed opportunities -- Debt to the rescue -- COVID-19.
Persistent link: https://www.econbiz.de/10012511434
conventional explanation for these events, which emphasizes an undervalued French franc and an export-led boom. While French …. Investment, not exports, emerges as the proximate source of the French economy's resistance to the Great Depression. And fiscal … policy emerges as the major determinant of the surge in French investment spending. Previous accounts have emphasized the …
Persistent link: https://www.econbiz.de/10013215366
demand for tax smoothing and public investment. Governments whose ability to provide such services is limited may therefore …
Persistent link: https://www.econbiz.de/10013249559
Thia paper analyzes U.S. monetary-financial policy in the period leading up to the Treasury-Fed Accord. We model policy as an implicit target zone for the price level and an explicit zone for interest rates, and the difficulties on the eve of the Accord as an incipient run on a collapsing...
Persistent link: https://www.econbiz.de/10013211663
conventional explanation for these events, which emphasizes an undervalued French franc and an export-led boom. While French …. Investment, not exports, emerges as the proximate source of the French economy's resistance to the Great Depression. And fiscal … policy emerges as the major determinant of the surge in French investment spending. Previous accounts have emphasized the …
Persistent link: https://www.econbiz.de/10012477005
The Great Depression of the 1930s and the Great Credit Crisis of the 2000s had similar causes but elicited strikingly different policy responses. It may still be too early to assess the effectiveness of current policy responses, but it is possible to analyze monetary and fiscal policies in the...
Persistent link: https://www.econbiz.de/10012463125
Persistent link: https://www.econbiz.de/10011718525