Narrow search
Showing 1 - 10 of 6,466
Cover Image
Fiscal sustainability : conceptual, institutional, and policy issues
Dąbrowski, Marek - 2016
Since 2008, the world economy has been facing the consequences of the global financial crisis. As a result, many economic policy paradigms have been revised, and this process is far from complete. The policy area, which needs a fundamental rethinking (especially in advanced economies), relates...
Persistent link: https://www.econbiz.de/10011706402
Cover Image
An application of debt Laffer curve : empirical evidence for Romania's case
Tatu, Ştefania - In: Romanian journal of fiscal policy : RJFP 5 (2014) 1, pp. 29-38
public debt. The aim of this paper is to analyse the debt Laffer curve for Romania's case to see if country suffer from debt … overhang. Data on public debt for the period 2013 - 2014 showed that Romania is on the right side of the debt Laffer curve, far …
Persistent link: https://www.econbiz.de/10010492733
Cover Image
Debt sustainability analysis for euro area sovereigns : a methodological framework
Bouabdallah, Othman; Checherita-Westphal, Cristina; … - 2017
sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other … summarised in a heat map, which can provide guidance on the overall assessment of risks to debt sustainability. This method …
Persistent link: https://www.econbiz.de/10011634439
Cover Image
Strengthening the post-crisis fiscal rules - the case of Spain, Slovakia and Sweden
Moździerz, Anna - 2014
The purpose of this article is to identify changes in the development of national fiscal rules in response to the crisis, in terms of the new economic governance in the EU. In-depth analysis was carried out on the example of the three countries that have the highest Fiscal Rule Strength Index,...
Persistent link: https://www.econbiz.de/10012002050
Cover Image
The role of lenders' trust in determining borrowing conditions for sovereign debt : an analysis of one-period government bonds with default risk
Guo, Yanling - 2015
In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the weight assigned to the lenders' interest by the borrowing government at the time of...
Persistent link: https://www.econbiz.de/10010512528
Cover Image
A reconsideration of multiple equilibria in the analysis of one-period government bonds with default risk
Guo, Yanling - 2015
In this paper, the author considers sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the "good equilibrium" is the only stable equilibrium under some quite general assumptions,...
Persistent link: https://www.econbiz.de/10011349880
Cover Image
Fiscal consolidation in Poland and it's economic consequences after the crisis 2008
Ciepłucha, Mateusz - In: Journal of contemporary economic and business issues 3 (2016) 2, pp. 61-73
The paper focuses on public finance and the aspect of fiscal consolidation in Poland as economic consequences after the financial crisis in 2008. The study assumes that there is a wide range of needs for fiscal consolidation implementation in European post-crisis countries. Budgets of the vast...
Persistent link: https://www.econbiz.de/10011588171
Cover Image
Fiscal rules as institutional tools for public debt management in the European Union member states
Stawiarska, Katarzyna - In: Central European economic journal 10 (2023) 57, pp. 414-428
This paper aims to assess the impact of the second-generation numerical fiscal rules on the effectiveness of public debt management in the Member States of the European Union. The research was conducted using dynamic panel models on a sample of 27 EU Member States over the period 2008-2021. The...
Persistent link: https://www.econbiz.de/10014445302
Cover Image
Monetary and fiscal policies in times of large debt: unity is strength
Bianchi, Francesco; Faccini, Renato; Melosi, Leonardo - 2021 - Updated version
We build and estimate a novel TANK model with partially unfunded debt to study whether the record high debt-to-GDP ratio threatens US inflation stability. In response to business cycle shocks, the monetary authority controls inflation, and the fiscal authority stabilizes debt. The central bank...
Persistent link: https://www.econbiz.de/10012795848
Cover Image
A reconsideration of multiple equilibria in the analysis of one-period government bonds with default risk
Guo, Yanling - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-33, pp. 1-52
In this paper, the author considers sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the "good equilibrium" is the only stable equilibrium under some quite general assumptions,...
Persistent link: https://www.econbiz.de/10011371997