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debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010266625
risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010460461
The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198
We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment dynamics are affected by two types of budgetary policies. In line with traditional reasoning, a balanced-budget rule amplifies fluctuations in the short run, whereas an...
Persistent link: https://www.econbiz.de/10010295705
unsustainable public debt dynamics and enormous contingent liabilities across sectors and countries coinciding with strong, non …
Persistent link: https://www.econbiz.de/10011606273
macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the … central issue addressed in this paper is how the accumulation of government debt affects long-term interest rates, both … more sustained debt accumulation leads at least temporarily to higher long-term interest rates. This transitory impact also …
Persistent link: https://www.econbiz.de/10011604702
Persistent link: https://www.econbiz.de/10014334682
of non linearity in the effects of temporary and persistent fiscal shocks according to (i) the level of public debt and … they take place at high levels of public debt, possibly due to the higher costs of fiscal stabilization. The state of the …
Persistent link: https://www.econbiz.de/10010316756
Am 14. Oktober 2010 stellten die Wirtschaftsforschungsinstitute der Projektgruppe Gemeinschaftsdiagnose in Berlin ihr Herbstgutachten der Presse vor. Nach Ansicht der Institute hat sich im Verlauf des Jahres 2010 die Erholung der Weltwirtschaft verlangsamt. Der im Winterhalbjahr stürmische...
Persistent link: https://www.econbiz.de/10011693097
verschlechtert. Unternehmen und Haushalte in den USA und in Europa blicken zunehmend pessimistisch in die Zukunft, und auf den …
Persistent link: https://www.econbiz.de/10011693258