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Fiscal foundation of convergence to European Union in Pre-Accession Transition Countries

Halpern, László; Neményi, Judit - 2002

Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators - deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that restructuring...

Persistent link: https://www.econbiz.de/10011431300

Fiscal sustainability in a new Keynesian model

Leith, Campbell B.; Wren-Lewis, Simon - In: Journal of money, credit and banking : JMCB 45 (2013) 8, pp. 1477-1516

Persistent link: https://www.econbiz.de/10010344574

Chapter 22 Political economics and macroeconomic policy

Persson, Torsten; Tabellini, Guido - In: Handbook of macroeconomics : volume 1, part C, (pp. 1397-1482). 1999

incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and …: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with … fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of tax policy, and political …

Persistent link: https://www.econbiz.de/10014024218

The portfolio theory of inflation and policy (in)effectiveness revisited : corroborating evidence

Bossone, Biagio; Cuccia, Andrea - 2020

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness of macroeconomic policy in open and globally financially integrated economies is influenced by global investor decisions (Bossone, The portfolio theory of inflation and policy...

Persistent link: https://www.econbiz.de/10012140238