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Tragedy of Commonly-Shared Debts
Wayne, James - 2014
Persistent link: https://www.econbiz.de/10013044510
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Fiscal policy issues for India after the global financial crisis (2008 - 2010)
Kumar, Rajiv; Soumya, Alamuru - 2010
-term forecast of the fiscal deficit and public debt burden based on the past trends. Finally, the paper suggests a set of policy …
Persistent link: https://www.econbiz.de/10008732303
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Financing the capital development of the economy : a Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, L. Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057
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Financing the capital development of the economy : a Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, L. Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010530034
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Italy and the euro area crisis : securing fiscal sustainability and financial stability
Denk, Oliver - 2013
, in particular the high level of public debt and low potential growth. The government has rightly aimed to halt the rise … in the public debt-to-GDP ratio and put it on a downward path. This could be achieved with either a balanced government …, it would be rewarded by faster debt reduction and lower risk of renewed financial-market reactions. In any case, the …
Persistent link: https://www.econbiz.de/10009767734
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Trust me! : I am a European Central Banker
Bursian, Dirk; Fürth, Sven - 2012 - This version: June 2012
In the aftermath of the financial crisis, the ECB has experienced an unprecedented deterioration in the level of trust. This raises the question as to what factors determine trust in central banking. We use a unique cross-country dataset which includes a rich set of socio-economic...
Persistent link: https://www.econbiz.de/10010226924
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Options for China in a dollar standard world : a sovereign currency approach
Wray, L. Randall; Liu, Xinhua - 2014
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
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Building on institutional failures : the European Treaty on Stability, Coordination and Governance ; or: why the crisis in the Eurozone is so deep and persistent ; invited paper pr...
Coriat, Benjamin - 2014
The paper is devoted to an analysis of the Treaty on Stability Coordination and Governance (TSCG), also known as the "Fiscal Compact" Treaty signed between the EU member states in 2012. We argue than the TSCG, instead of helping to "repair" the institutional failures on which the Euro and the...
Persistent link: https://www.econbiz.de/10010459672
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The Stability and Growth Pact : Crisis and Reform
Schuknecht, Ludger - 2011
The sovereign debt crisis in the euro area is a symptom of policy failures and deficiencies in – among other things …
Persistent link: https://www.econbiz.de/10013128170
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The Economic Crisis and the Fiscal Crisis : 2009 and Beyond
Gale, William G. - 2011
Persistent link: https://www.econbiz.de/10013130307