Narrow search
Showing 1 - 10 of 1,545
Cover Image
Investing in Electricity, Growth, and Debt Sustainability : The Case of Lesotho
Andreolli, Michele - 2016
This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through...
Persistent link: https://www.econbiz.de/10012977843
Cover Image
Using a 'Debt Brake' to Solve Colorado's Debt Crisis
Merrifield, John D. - 2019
In recent years debt in Colorado has increased at an unsustainable rate. A debt brake is simulated for the Colorado economy. When the debt brake is triggered the spending cap imposed by the Tabor Amendment is reduced, with surplus revenue earmarked for debt reduction. The simulation analysis...
Persistent link: https://www.econbiz.de/10012858154
Cover Image
State Fiscal Adjustment During Times of Stress : Possible Causes of the Severity and Composition of Budget Cuts
Clemens, Jeffrey P. - 2012
states' capital investments, transfers to local governments, and spending in areas like education and transportation … in these expenditures. The length of state budgetary and legislative cycles predicts the volatility of capital … occur disproportionately in areas with significant year-to-year variation (e.g., the capital portion of the budget and …
Persistent link: https://www.econbiz.de/10013098483
Cover Image
Fiscal decentralisation and deficits : international evidence
Neyaptı, Bilin - 2003 - This version: April 2003
The literature on socio economic implications of fiscal decentralization (FD) has recently been expanding, though only very few studies to day have looked at its macroeconomic effects. This paper investigates the relationship between FD and budget deficits. Using various measures of both...
Persistent link: https://www.econbiz.de/10011528373
Cover Image
Public debt consolidation and its distributional effects
Varthalitis, Petros; Sakkas, Stelios - 2019
We build a dynamic general equilibrium model with heterogeneous households, namely Rich and Poor, and capital skill …. Along the transition, wage inequality significantly increases due to the capital skill complementarity structure of the … production function. Specifically, this happens because debt consolidation crowds in capital and this favours Rich (skilled …
Persistent link: https://www.econbiz.de/10012029011
Cover Image
Government Investment and Fiscal Stimulus in The Short and Long Runs
Leeper, Eric M.; Yang, Shu-Chun S.; Walker, Todd B. - 2009
understanding the effects of government investment: implementation delays associated with building public capital projects and …
Persistent link: https://www.econbiz.de/10014204816
Cover Image
Flexible Debt Policy Rules in an Open Economy
Morimoto, Keiichi; Takizawa, Reo - 2023
Through a comparative dynamic analysis, we argue that the reality of public debt issuance, which responds flexibly to business cycles in contrast to the EU’s institutionally prescribed fiscal discipline, may contribute to macroeconomic stabilization. Through a simple econometric analysis, we...
Persistent link: https://www.econbiz.de/10014355546
Cover Image
Public Debt and Public Investment in an Endogenous Growth Model with Real Wage Rigidities
Greiner, Alfred - 2012
In this paper we present an endogenous growth model with public capital, public debt and where real wages are either …
Persistent link: https://www.econbiz.de/10012712481
Cover Image
Sovereign Default Risk, Fiscal Adjustment, and Debt Renegotiation
Joo, Hyungseok - 2017
This paper studies the effects of government capital accumulation on sovereign debt default risk and debt restructuring … between the fiscal instruments of government consumption and government investment. Government capital provides an additional … higher level of government capital implies less risky sovereign debt and higher recovery rates when the government chooses to …
Persistent link: https://www.econbiz.de/10012956040
Cover Image
Fiscal rules and public investment : the case of Peru, 2000-2019
Mendoza Bellido, Waldo; Vega, Marco; Rojas, Carlos; … - 2021
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...
Persistent link: https://www.econbiz.de/10012587002