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debt practices and financialization in contemporary societies. I draw on the literature to discuss that in the business of … debt, the winners are likely to be elite borrowers and powerful financial organizations; the losers are likely to be non …-elite borrowers who face various constraints as evidenced by their debt profile, have low power compared to financial organizations in …
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Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter in Volume 4 of the Handbook of Public Economics shows how...
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. Total public sector liabilities may be more than five times as high as the officially recorded level of public debt. Without …
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We investigate the effects of official fiscal data and creative accounting signals on interest rate spreads between bond yields in the European Union. Our model predicts that risk premia contained in government bond spreads should increase in both, the official fiscal position and the expected...
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market react significantly to the relative debt level of a state (Land), we also find that a larger interest payments …
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the degree to which the EU Member States adhered to it. Further, we analyse what effects public debt and public deficits … have and whether, after all, public debt should be limited in one way or the other. Along these lines, the case for …
Persistent link: https://www.econbiz.de/10010296578
Die Finanzreform des Jahres 2006 war im Wesentlichen darauf gerichtet, die Entscheidungsblockaden zwischen Bund und Ländern durch die Reduzierung zustimmungsbedürftiger Gesetzte aufzubrechen. Die Föderalismuskommission II diskutiert nunmehr weitere Reformen der Finanzverfassung. In der...
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