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A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorptionreducing effect, as a...
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A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorption-reducing effect, as a...
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Deutschland im Frühjahr 2010. Die Wirtschaftskrise hinterlässt tiefe Narben. Die Arbeitslosigkeit bleibt bedrückend hoch, die Staatsschulden sind kaum noch in den Griff zu bekommen. Ein bisschen Wachstum reicht nicht zur Lösung der Probleme
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