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Public debt, investment and economic growth dynamics : do geographical proximity and spatial spillover effects matter?

Otieno, Bunde Aggrey - In: Regional science policy and practice : RSPP 16 (2024) 6, pp. 1-16

fixed capital formation, human capital development, inflation, and government expenditure, significantly have spatial …

Persistent link: https://www.econbiz.de/10014584320

Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen M.; … - 2021

, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt …

Persistent link: https://www.econbiz.de/10012655299

Fiscal austerity versus growth in Croatia

Škare, Marinko; Druzeta, Romina Prziklas - In: Contemporary economics 9 (2015) 1, pp. 77-92

The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also...

Persistent link: https://www.econbiz.de/10010520867

Fiscal Austerity versus Growth in Croatia

Skare, Marinko - 2015

The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007/2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also attempts...

Persistent link: https://www.econbiz.de/10013022573

Did fiscal consolidation cause the double dip recession in the euro area?

Heimberger, Philipp - 2015

This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...

Persistent link: https://www.econbiz.de/10011778844

Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement

Hein, Eckhard; Truger, Achim - 2006

In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...

Persistent link: https://www.econbiz.de/10003744530

Tax policy reform and universal basic income effectiveness in a currency union : implications for long-term growth, inequality, and welfare

Kame Babilla, Thierry U. - In: Journal of government and economics : JGE 10 (2023), pp. 1-15

This paper aims to assess tax policy reforms that can sustain universal basic income programs and foster long-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government and economics' debate, we developed a Dynamic Stochastic...

Persistent link: https://www.econbiz.de/10014414077

Fiscal fragility : what the past says about the future

Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010

The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated...

Persistent link: https://www.econbiz.de/10008689002

Fiscal fragility: what the past may say about the future/ Joshua Aizenman and Gurnain Kaur Pasricha

Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010

The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the increase in stock of public debt/GDP induced by the global recession, to include the perspective that the sustainability of a given public debt/GDP depends on...

Persistent link: https://www.econbiz.de/10008698949

Debt shocks and the dynamics of output and inflation in emerging economies

Beirne, John; Renzhi, Nuobu - 2024

This paper empirically examines the impact of public debt shocks on output and inflation in 34 emerging market … product (GDP) falls significantly after an unanticipated increase in public debt while inflation rises. We also examine …, while tighter global financial conditions dampen the negative impacts of debt shocks. For inflation, the responses vary …

Persistent link: https://www.econbiz.de/10015055341

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