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Welfare implications of public education spending rules

Angelopoulos, Konstantinos; Malley, James R.; … - 2008

In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To … education spending, as share of output, to respond to various aggregate indicators in an attempt to minimize the market … only when the policy instrument is successful in smoothing the growth rate of human capital. -- Education spending ; growth …

Persistent link: https://www.econbiz.de/10003806000

Welfare implications of public education spending rules

Angelopoulos, Konstantinos (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003806160

Elections, fiscal policy and growth : revisiting the mechanism

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2002

This short paper reconsiders the popular result that the lower the probability of getting reelected, the stronger the incumbent politicians incentive to follow short-sighted, inefficient policies. The set-up is a general equilibrium model of endogenous growth and optimal fiscal policy, in which...

Persistent link: https://www.econbiz.de/10011409401

Can central banks do the unpleasant job that governments should do?

Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2023

We investigate what happens when the fiscal authorities do not react to rising public debt so that the unpleasant task of fiscal sustainability falls upon the Central Bank (CB). In particular, we explore whether the CB's bond purchases in the secondary market can restore stability and...

Persistent link: https://www.econbiz.de/10014331713

The ECB's policy, the recovery fund and the importance of trust : the case of Greece

Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2021

This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock. The paper attempts to give quantitative answers to...

Persistent link: https://www.econbiz.de/10012650611