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Managing the risks of public infrastructure financing: Toward sustainability
Zhao, Quanhou; Liu, Wei; Long, Xiaoyang; Sun, Jiaxi; … - 2020
Infrastructure construction is one of the basic driving forces of social and economic development. Since 1978, the construction of infrastructure in the People's Republic of China (PRC) has experienced rapid development, which has given a strong impetus to the PRC's modernization. But behind the...
Persistent link: https://www.econbiz.de/10012610050
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Do fiscal rules undermine public investments? A review of empirical evidence
Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023
Fiscal rules are a frequent policy measure to restrict deficit-taking among incumbent politicians. In times of increased and sustained investment needs to mitigate the consequences of climate change, and to promote the digital and structural transformation, fiscal rules have become subject to...
Persistent link: https://www.econbiz.de/10014293755
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Long-term issues for fiscal sustainability in emerging Asia
Kawai, Masahiro; Morgan, Peter J. - 2013
The aftermath of the global financial crisis of 2007-08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly thereafter,...
Persistent link: https://www.econbiz.de/10010397252
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Managing the risks of public infrastructure financing : toward sustainability
Zhao, Quanhou; Liu, Wei; Long, Xiaoyang; Sun, Jiaxi; … - 2020
Infrastructure construction is one of the basic driving forces of social and economic development. Since 1978, the construction of infrastructure in the People's Republic of China (PRC) has experienced rapid development, which has given a strong impetus to the PRC's modernization. But behind the...
Persistent link: https://www.econbiz.de/10012239709
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Long-term Issues for Fiscal Sustainability in Emerging Asia
Masahiro, Masahiro Kawai; Peter J., Peter J. Morgan - In: Public Policy Review 9 (2013) 4, pp. 751-770
Persistent link: https://www.econbiz.de/10010832883
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Long-term Issues for Fiscal Sustainability in Emerging Asia
Kawai, Masahiro; Morgan, Peter J. - Asian Development Bank Institute, Asian Development Bank - 2013
The aftermath of the global financial crisis of 2007–08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly...
Persistent link: https://www.econbiz.de/10010840223
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Do fiscal rules undermine public investments? : a review of empirical evidence
Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023
Fiscal rules are a frequent policy measure to restrict deficit-taking among incumbent politicians. In times of increased and sustained investment needs to mitigate the consequences of climate change, and to promote the digital and structural transformation, fiscal rules have become subject to...
Persistent link: https://www.econbiz.de/10014279327
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Fiscal Sustainability and Social Cohesion. Common and Specific in EU Sub-models
SOCOL, Cristian; MARINAŞ, Marius; SOCOL, Aura Gabriela - In: Theoretical and Applied Economics 3(544) (2010) 3(544), pp. 43-62
The European social model is characterized by a high heterogeneity degree, the member countries recording significant differences between the national redistribution systems. According to the existing gaps regarding the decreases of the poverty, the participation to the labour market and the...
Persistent link: https://www.econbiz.de/10008763651
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To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU?
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2004
membership. It should also be sufficient. 3) Convergence, prior to the adoption of the euro, of an EMU candidate’s inflation rate … to its euro area equilibrium inflation rate is helpful but not essential. 4) Real convergence is irrelevant for EMU … fiscal sustainability (and preferably also inflation convergence), the EMU candidate should be given a firm date and …
Persistent link: https://www.econbiz.de/10005666853
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Is there a relationship between fiscal sustainability and currency crises? International evidence based on causality tests
Cruz-Rodríguez, Alexis - In: International Journal of Economic Sciences and Applied … 7 (2014) 1, pp. 69-87
This paper uses Granger causality tests on a fiscal sustainability indicator (FSI) and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón (2003) is used. Also, different definitions for currency...
Persistent link: https://www.econbiz.de/10011310267