Showing 1 - 10 of 879
Migration raises a potential free rider problem for th eprovision of durable local goods if the late-comers can enjoy the public good without paying for it. Allowing communities to finance public goods by debt mitigates this problem, since future immigrants have to share the burden of the debt....
Persistent link: https://www.econbiz.de/10011537334
Persistent link: https://www.econbiz.de/10001570939
Persistent link: https://www.econbiz.de/10011760312
Persistent link: https://www.econbiz.de/10014441625
Persistent link: https://www.econbiz.de/10014378775
We study the sustainability of sovereign debt accumulation in 15 OECD countries using quarterly data from 1980 to 2010 … with a focus on how and in what countries debt sustainability changed after the commencement of the Euro Convergence … Criteria in 1997 as well as after the financial meltdown in 2007. We define sustainability as the validity of the inter …
Persistent link: https://www.econbiz.de/10009746993
Persistent link: https://www.econbiz.de/10010478057
We study the sustainability of public debt in a closed production economy where a benevolent government chooses fiscal …
Persistent link: https://www.econbiz.de/10010491142
specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10012938962
Persistent link: https://www.econbiz.de/10012602333