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We present a model of optimal government policy when policy choices may exacerbate socio-political instability (SPI). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The resulting...
Persistent link: https://www.econbiz.de/10011437000
We present a model of optimal government policy when policies may exacerbate socio-political instability (SPI). We show that the optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The predictions of...
Persistent link: https://www.econbiz.de/10011566542
This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal …Chapter 1: Introduction -- Chapter 2: Two-Period Model of Government Investment -- Chapter 3: Politics and Corruption … in the Two-Period Model -- Chapter 4: Overlapping-Generations (OLG) Model of Growth -- Chapter 5: Corruption and Tax …
Persistent link: https://www.econbiz.de/10012397691
Chapter 1. introduction -- Chapter 2. Two-Period Model of Government Investment -- Chapter 3. Politics and Corruption … Overlapping-Generations Model. Chapter 5. Politics, Corruption, and Economic Growth -- Chapter 7. Corruption and Debt -- Chapter 8 …This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal …
Persistent link: https://www.econbiz.de/10012508453
This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal …Chapter 1. introduction -- Chapter 2. Two-Period Model of Government Investment -- Chapter 3. Politics and Corruption … Overlapping-Generations Model. Chapter 5. Politics, Corruption, and Economic Growth -- Chapter 7. Corruption and Debt -- Chapter 8 …
Persistent link: https://www.econbiz.de/10012426953
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The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011380141