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Allgemein verständliches Werk über Staatsschulden in Deutschland, in dem Geschichte, Problem und Risiken auf den Punkt … Wirtschaftsjournalisten, das auf Staatsverschuldung, auf die Geschichte des Defizits in Deutschland im Allgemeinen und in der jüngsten …: "Staatsbankrott", ID 32/10). Die Problematik wird in Werken zur Wirtschaftspolitik und Finanzkrise mitbehandelt, hier aber werden …
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In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...
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When is it optimal for a government to default on its legal repayment obligations? We answer this question for a small open economy with domestic production risk in which contracting frictions make it optimal for the government to finance itself by issuing non-contingent debt. We show that...
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We present a two-country New Open Economy Macroeconomics model of a currency union featuring an overlapping generations structure of the Blanchard (1985)-Yaari (1965) type as well as monopolistic frictions and staggered adjustment in the goods and labor market. We allow for public investment and...
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