Showing 1 - 10 of 1,212
on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the … benefits of a large public investment through growth-enhancing increase in domestic energy supply and receipts from selling …
Persistent link: https://www.econbiz.de/10012977843
This paper studies the optimal design of fiscal policy when financial markets are incomplete at the aggregate and microeconomic level. The government trades a non-state contingent bond (liability) and cannot insure against the uncertainty in future tax revenues, while households are unable to...
Persistent link: https://www.econbiz.de/10012849176
After more than a decade of economic decline and civil war, Uganda was able to return to economic growth thanks to the …
Persistent link: https://www.econbiz.de/10010330119
, with fiscal policy volatility being a significant determinant of growth. The existence of a resource curse is confirmed, in … slower per capita GDP growth. There are no statistically significant differences between the effects of point-source and …
Persistent link: https://www.econbiz.de/10010288484
This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and … quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low … improved appropriability and long-term growth. …
Persistent link: https://www.econbiz.de/10011303821
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …
Persistent link: https://www.econbiz.de/10012195896
context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …
Persistent link: https://www.econbiz.de/10012125472
Persistent link: https://www.econbiz.de/10010478057
Even by international standards, Ireland's fiscal position was particularly affected by the recent financial crisis. As budgetary surpluses quickly gave way to significant deficits post 2007, the deterioration in the Irish public finances culminated in an Excessive Deficit Procedure being...
Persistent link: https://www.econbiz.de/10010526535
This paper highlights the importance of debt-related fiscal rules and derives growth-maximizing public debt ratios from … targets that governments should try to maintain if they wish to maximize growth for panels of OECD, EU and euro area countries … if member states are to have common targets. That is about 15 percentage points lower than the estimate for the growth …
Persistent link: https://www.econbiz.de/10013100835