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Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation …. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters … model-based counterfactual shows that GDP would have been 5 percent lower, and the debt-to-GDP ratio 20 percentage points …
Persistent link: https://www.econbiz.de/10014561421
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation …. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters … model-based counterfactual shows that GDP would have been 5 percent lower, and the debt-to-GDP ratio 20 percentage points …
Persistent link: https://www.econbiz.de/10014512648
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation …. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters … model-based counterfactual shows that GDP would have been 5 percent lower, and the debt-to-GDP ratio 20 percentage points …
Persistent link: https://www.econbiz.de/10014559288
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation …. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters … model-based counterfactual shows that GDP would have been 5 percent lower, and the debt-to-GDP ratio 20 percentage points …
Persistent link: https://www.econbiz.de/10014500970
Persistent link: https://www.econbiz.de/10014511998
spending are top priorities in Washington. A now-popular target for reform is regulation, which even President Obama claims to … budget. That said, while regulation imposes costs, regulation may also have social benefits, and this fact should be …
Persistent link: https://www.econbiz.de/10013125656
Persistent link: https://www.econbiz.de/10013101690
This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...
Persistent link: https://www.econbiz.de/10013031468
, together with drastic budgetary cuts aiming at curbing public debt to maintain sustainability. Finally, the paper tries to …
Persistent link: https://www.econbiz.de/10005498095
Regulatory policy can create economic and social benefits, but poorly designed or excessive regulation may generate … substantial adverse effects on the economy. In this paper, we present measures of sentiment and uncertainty about regulation in …-based sentiment analysis of an original news corpus, which covers 493,418 news articles related to regulation from seven leading U …
Persistent link: https://www.econbiz.de/10013220182