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We develop a method for measuring the amount of insurance the portfolio of government liabilities provides against scal shocks, and apply it to postwar US data. We dene scal shocks as surprises in defense spending. Our results indicate that the US federal government is partially hedged against...
Persistent link: https://www.econbiz.de/10009441130
Nationalökonomien und ihre Verschuldung sind eigentlich unüberschaubar. Am Beispiel sogenannter Entwicklungs- und Schwellenländer zeigt dieses Buch, wie Regierungen und internationale Finanzinstitutionen sich dennoch tagtäglich Übersicht verschaffen: Mithilfe spezifischer...
Persistent link: https://www.econbiz.de/10009471757
La crisis de deuda soberana en la zona del euro ha aumentado el interés por los indicadores de alerta temprana. El principal objetivo de estos indicadores es anticipar la acumulación de desequilibrios fiscales para facilitar la prevención de crisis con las políticas fi scales y...
Persistent link: https://www.econbiz.de/10012530446
En este trabajo se determina el problema de la gestión óptima de la deuda pública en una pequeña economía abierta. El Gobierno emite un continuo de bonos de vencimiento finito sujeto a restricciones de liquidez. Hallamos que la solución puede ser descentralizada: la emisión óptima de un...
Persistent link: https://www.econbiz.de/10012532221
Registration of births, recording deaths by age, sex and cause, and calculating mortality levels and differentials are fundamental to evidence-based health policy, monitoring and evaluation. Yet few of the countries with the greatest need for these data have functioning systems to produce them...
Persistent link: https://www.econbiz.de/10009447936
interpreted as the world business cycle. The further components suggest the existence of a Scandinavian-Anglo-Saxon business cycle …
Persistent link: https://www.econbiz.de/10009448749
University-industry partnerships (UIPs) are widely viewed as essential in leveraging research capability and economic performance in organizations and the nation as a whole. In Australia, as in many other countries, the national government commits significant funds to such ‘strategic’...
Persistent link: https://www.econbiz.de/10009457450
Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...
Persistent link: https://www.econbiz.de/10009480491
This paper attempts to provide alternative estimates of income distribution in South Africa, utilizing data that allow us to evaluate income, distribution across time, reducing dependence on the vagaries associated with individual surveys. In particular, we attempt to arrive at racial...
Persistent link: https://www.econbiz.de/10009480492
The paper analyses the production development and trade in rabbit meat in the Czech Republic, in the world and in … total volume of world meat production has been oscillating between 0,5–0,7%. The first part of the paper analyses the main … the world market. The analysis of competitiveness is made through the calculation of RCA index (the Balassa (1965) Index …
Persistent link: https://www.econbiz.de/10011315933