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debt practices and financialization in contemporary societies. I draw on the literature to discuss that in the business of … debt, the winners are likely to be elite borrowers and powerful financial organizations; the losers are likely to be non …-elite borrowers who face various constraints as evidenced by their debt profile, have low power compared to financial organizations in …
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Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter in Volume 4 of the Handbook of Public Economics shows how...
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strengthening fiscal consolidation, lowering the debt ratios, and ensuring the consistency of fiscal policies with the currency …
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the budget deficit, (2) assess the sustainability of the public debt, and (3) reduce the risk of the debt becoming …
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In both academic research and policymaking, public sector debt and debt-to-GDP ratios are relied on for a multitude of … newly created dataset on media reporting of public sector debt, the purpose of this article is to examine the quality …
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Government debt development is a timeless issue in economics that has gained even more attention in light of the global … model to examine the key determinants underlying substantial public debt reductions in Central and Eastern European EU … reducing public debt if they are based on expenditure cuts rather than revenue increases. In this context, cuts in social …
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The indicator that is commonly used to assess the long-term fiscal sustainability of public finances in EU member states ("S2") is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. Under these circumstances, however, it no longer provides...
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