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Fiscal sustainability and public debt in an endogenous growth model

Fernández-Huertas Moraga, Jesús; Vidal, Jean-Pierre - 2004

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...

Persistent link: https://www.econbiz.de/10009639455

The pension reform challenge in Turkey

Verbeken, Dirk - 2007

Turkey is currently introducing a comprehensive pension reform, which aims at unifying the currently disperse system and reducing the significant - and rapidly growing – social security deficit from 4.8% of GDP in 2005 to less than 1% of GDP by 2035. The cumulative value of the deficits over...

Persistent link: https://www.econbiz.de/10009641134

Identifying fiscal shocks and policy regimes in OECD countries

Arcangelis, Giuseppe de; Lamartina, Serena - 2003

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a …

Persistent link: https://www.econbiz.de/10009635887

Interpreting implied risk-neutral densities

Hördahl, Peter; Vestin, David - 2003

This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...

Persistent link: https://www.econbiz.de/10009635905

The impact of monetary union on trade prices

Anderton, Robert; Baldwin, Richard E.; Taglioni, Daria - 2003

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...

Persistent link: https://www.econbiz.de/10009635969

Strukturen der allgemeinen und beruflichen Bildung und der Erwachsenenbildung in Europa : Deutschland ; 2002/2003

Education Information Network in the European Union; … - 2003

Strukturen der allgemeinen und beruflichen Bildung und der Erwachsenenbildung in Europa Wer die allgemeine Organisation der Bildungssysteme in Europa kennen lernen möchte, findet die entsprechende Basisinformation in den ca. 40-Seiten umfassenden Länderberichten. Diese Monografien werden...

Persistent link: https://www.econbiz.de/10009636183

Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB

Vähämaa, Sami - 2004

This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...

Persistent link: https://www.econbiz.de/10009636538

Could a hard core run the enlarged EU?

Grabbe, Heather; Guérot, Ulrike - 2004

Member States are permanently excluded. However, there remains a risk that France and Germany will use the idea of a … whether the core is driven by France and Germany or led by a trilateral grouping including the UK. The future of core Europe … depends on Germany. The idea of a core Europe still has enormous appeal in Germany, given its long intellectual tradition and …

Persistent link: https://www.econbiz.de/10009636640

Analysis of energy system changes to reduce CO2 emissions in 2010 for Germany

Capros, P.; Mantzos, L.; Vouyoukas, L.; Delkis, K.; … - 1999

Persistent link: https://www.econbiz.de/10009636733

6. Country Profile: Germany

PLS Ramboll Management <Århus> - 2001

Persistent link: https://www.econbiz.de/10009637406

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