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Public credit and liquidity in James Steuart's principles
Bentemessek, Nesrine - In: The European journal of the history of economic thought 19 (2012) 4, pp. 501-528
Persistent link: https://www.econbiz.de/10009685216
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Sovereign debt, domestic banks and the provision of public liquidity
Perez, Diego J. - 2015
Persistent link: https://www.econbiz.de/10011338248
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Monetary policy under a fiscal theory of sovereign default
Schabert, Andreas - 2009
This paper examines equilibrium determination under different monetary policy regimes when the government might default on its debt. We apply a cash-in-advance model where the government does not have access to non-distortionary taxation and does not account for initial outstanding debt when it...
Persistent link: https://www.econbiz.de/10011379355
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The emergence of debt and secular stagnation in an unequal society : a stockflow consistent agent-based approach
Gräbner-Radkowitsch, Claudius; Hornykewycz, Anna; … - 2022
We use an agent-based stock-flow consistent model of a closed economy without technological change that considers different classes of households, status consumption and a Minskyan banking sector to analyze the relationship between rising saving rates, the accumulation and distribution of...
Persistent link: https://www.econbiz.de/10012818125
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The liquidity channel of fiscal policy
Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2021 - This version: April 2021
assets-the liquidity premium. We rationalize this finding in an estimated heterogeneous-agent New-Keynesian model with … incomplete markets and portfolio choice, in which public debt affects private liquidity. This liquidity channel stabilizes fixed … decline of the liquidity premium, which increases the fiscal burden of debt. We show that the revenue-maximizing level of …
Persistent link: https://www.econbiz.de/10012543659
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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News and views on public finances : a survey experiment
Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024
We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...
Persistent link: https://www.econbiz.de/10014485418
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News and views on public finances : a survey experiment
Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024
We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...
Persistent link: https://www.econbiz.de/10014450790
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News and views on public finances : a survey experiment
Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024
We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...
Persistent link: https://www.econbiz.de/10014456157
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News and views on public finances : a survey experiment
Behringer, Jan; Dräger, Lena; Dullien, Sebastian; … - 2024
We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...
Persistent link: https://www.econbiz.de/10014529504