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Public finances and inflation : the case of Spain
Hernández de Cos, Pablo; Hurtado López, Samuel; … - 2016
medio-largo plazo ; We empirically explore the influence of inflation on fiscal variables in the short, medium and long run … influence of inflation on changes in public debt ; (ii) accounting decompositions of nominal revenue and expenditure items into …
Persistent link: https://www.econbiz.de/10012529565
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Los canales del desapalancamiento del sector privado : una comparación internacional
Garrote Sánchez, Daniel; Llopis, Jimena; Vallés … - 2013
the most indebted agents will be a necessary condition for achieving balanced growth. This paper analyses the deleveraging … form deleveraging is taking. Arguably, too, differences in observed patterns of adjustment are related to distinct economic … household debt restructuring and defaults ; in the United Kingdom inflation has dominated, eroding the value of debt ; and in …
Persistent link: https://www.econbiz.de/10012529583
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Bridging “the Great Divide”: Countering Financial Repression in Transition
Conway, Patrick - 2002
The large and widening gap between economic performance in Eastern European transition economies and those of the former Soviet Union has been dubbed “the Great Divide” by Berglof and Bolton (2002). This paper provides a rationale for the gap based upon the concept of financial repression....
Persistent link: https://www.econbiz.de/10009477479
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The impact of the 2007-09 credit crunch on the funding of public sector infrastructure in the UK
Bailey, Stephen J.; Asenova, Darinka - 2009
The 2007-09 credit crunch has not only created problems for the UK’s public finances in meeting the costs of bailing out commercial banks and dealing with recession but also for providing better public services. This paper analyses the causes of the credit crunch, government policies to...
Persistent link: https://www.econbiz.de/10009435323
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Responsible Sovereign Lending and Borrowing
Gulati, Mitu; Buchheit, Lee C. - 2010
There are three reasons for attempting to reach a common understanding of the responsibilities of sovereign borrowers and their lenders. First, the flow of capital to sovereign debtors is exceptionally important to the world economy. Industrialized countries rely on it to finance their budget...
Persistent link: https://www.econbiz.de/10009471550
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Fiscal Decentralization and Fiscal Policy: An Economic Analysis
Baskaran, Thushyanthan - 2009
Es ist noch immer nicht endgültig geklärt, wie fiskalische Dezentralisierung die Höhe und Struktur der öffentlichen Ausgaben beeinflusst. Diese Dissertation analysiert daher zwei zusammenhängende Fragen. Erstens werden die Auswirkungen der fiskalischen Dezentralisierung auf die...
Persistent link: https://www.econbiz.de/10009476259
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Essays on Fiscal Policy and Economic Growth
Christie, Tamoya A. L. - 2011
This dissertation comprises two essays. The first essay explores how the size of government, as measured by the level of spending, affects growth. Theoretical models suggest a nonlinear relationship; however, testing this hypothesis empirically in cross-country studies is complicated by the...
Persistent link: https://www.econbiz.de/10009480801
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Wirksame Begrenzung von Staatsverschuldung unter Ber?cksichtigung (polit-)?konomischer und ethischer Aspekte
Koch, Daniel Friedrich - 2011
In den letzten Jahrzehnten griff die Staatsverschuldung in den meisten westlichen Staaten um sich wie ein wucherndes Krebsgeschw?r. Die Ereignisse im Zuge der Euro-Krise haben ein Schlaglicht auf die Gefahren dieser Entwicklung geworfen. Diese Arbeit untersucht die Frage, wie sich...
Persistent link: https://www.econbiz.de/10009483188
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The Corporate Choice between Public Debt, Bank Loans, Traditional Private Debt Placements, and 144A Debt Issues
Arena, Matteo - 2010
The main purpose of this study is to examine the determinants of the corporate choice between different forms of debt financing. By analyzing the most comprehensive sample of U.S. corporate debt issues to date, I find that firms that issue 144A debt have significantly lower credit quality and...
Persistent link: https://www.econbiz.de/10009484536
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Zur Begrenzung der Staatsverschuldung im f?deralen Staat
Augsten, Frank - 2002
Seit geraumer Zeit wird den ?ffentlichen Haushalten in der Bundesrepublik Deutschland und hierbei insbesondere den Haushaltsdefiziten sowie dem Schuldenstand eine gro?e Aufmerksamkeit zuteil. Dazu beigetragen hat nicht nur der enorme Anstieg der Schulden der ?ffentlichen Hand und die damit...
Persistent link: https://www.econbiz.de/10009484794