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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions
Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - 2013
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate … condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the … than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases …
Persistent link: https://www.econbiz.de/10010311966
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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions
Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - Deutsche Zentralbibliothek für … - 2013
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate … condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the … than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases …
Persistent link: https://www.econbiz.de/10010957789
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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions
Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - Volkswirtschaftliche Fakultät, … - 2013
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate … condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the … than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases …
Persistent link: https://www.econbiz.de/10011112700
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"ECB Worries/European Woes: The Economic Consequences of Parochial Policy"
Barbera, Robert J.; Holtham, Gerald - Levy Economics Institute - 2012
Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...
Persistent link: https://www.econbiz.de/10011141203
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Austerity
Dellas, Harris; Niepelt, Dirk - 2014
higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …
Persistent link: https://www.econbiz.de/10011430112
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Austerity
Ntellas, Charēs; Niepelt, Dirk - 2014
higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …
Persistent link: https://www.econbiz.de/10010494118
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Total factor productivity (TFP) and fiscal consolidation : how harmful is austerity?
Bardaka, Ioanna; Bournakis, Ioannis; Kaplanoglou, Georgia - In: Economic modelling 94 (2021), pp. 908-922
Persistent link: https://www.econbiz.de/10012695595
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A new world post COVID-19 : lessons for business, the finance industry and policy makers
Billio, Monica (ed.); Varotto, Simone (ed.) - 2020 - 1st edition
Persistent link: https://www.econbiz.de/10012307709
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Fiscal Discipline for Growth: The Remedy or the Illusion in the Context of the Euro Area Crisis
Sönmez, Sinan - Ekonomik Yaklasim Association - 2013
Ever since the outbreak of the sovereign debt crisis, coordinating economic growth with fiscal sustainability has been … of combining and/or coordinating economic growth with fiscal sustainability. As fiscal discipline is a pivotal element of … implemented throughout the globe. The question to be answered, therefore, is whether economic growth and fiscal discipline can be …
Persistent link: https://www.econbiz.de/10010850430
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Austerity versus Stimulating the Growth in EU
Prisecaru, Petre - In: Knowledge Horizons - Economics 5 (2013) 3, pp. 61-65
impact, affecting the demand and economic growth. EU and national governance must be quickly improved in many aspects in … order to stimulate economic growth and increase the living standard in all Member States. …
Persistent link: https://www.econbiz.de/10010700077