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The relationship between debt and output
Kim, Yun Jung; Zhang, Jing - 2020
In this paper we empirically explore the relationship between debt and output in a panel of 72 countries over the period 1970-2014 using a vector autoregression (VAR). We document two puzzling empirical findings that contrast with what is predicted by a standard small open economy model by...
Persistent link: https://www.econbiz.de/10012315471
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The Three Debts: A Look from the East
Gligorov, Vladimir; Landesmann, Michael - Wiener Institut für Internationale … - 2010
debts' (public, private and foreign) and then address the problems of stability and growth in the euro area and in the …
Persistent link: https://www.econbiz.de/10009492708
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The Three Debts: A Look from the East
Gligorov, Vladimir; Landesmann, Michael - 2010
debts' (public, private and foreign) and then address the problems of stability and growth in the euro area and in the …
Persistent link: https://www.econbiz.de/10012100211
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The relationship between debt and output
Kim, Yun Jung; Zhang, Jing - 2020
In this paper we empirically explore the relationship between debt and output in a panel of 72 countries over the period 1970-2014 using a vector autoregression (VAR). We document two puzzling empirical findings that contrast with what is predicted by a standard small open economy model by...
Persistent link: https://www.econbiz.de/10012653028
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MEASURES TO RECALIBRATE THE MACROECONOMIC POLICIES IN THE NEW EU MEMBER STATES THAT ARE TO ADOPT THE SINGLE CURRENCY
Pop, Napoleon; Milea, Camelia; Lupu, Iulia; Criste, Adina; … - In: Studii Financiare (Financial Studies) 15 (2011) 1, pp. 171-189
adapted to the new conditions that will allow them to preserve their stability. Thus, the monetary policy should have a …
Persistent link: https://www.econbiz.de/10009145197
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Fiscal and monetary policy in the aftermath of the financial crisis. Summary of the BDF/EABCN/EJ/PSE conference on 8-9 December 2011
M. Bussière.; P. Towbin. - In: Quarterly selection of articles - Bulletin de la Banque … (2011) 24, pp. 145-154
A conference about fiscal and monetary policy in the aftermath of the financial crisis was organised on 8-9 December in Paris by the Banque de France together with the Paris School of Economics, the Euro Area Business Cycle Network and The Economic Journal. It brought together prominent...
Persistent link: https://www.econbiz.de/10010575139
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Euro Crises and Euro Scams: Trade not Debt and Deficits Tell the Tale
Weeks, John - In: Ensayos Económicos 1 (2013) 69, pp. 7-36
The euro crisis was typically presented as excessive fiscal deficits leading to the accumulation of unsustainable public debts. This diagnosis applied most notably in Greece and Italy, but also Portugal and Spain. Implicit in much of the analysis, and occasionally explicit, was the suggestion...
Persistent link: https://www.econbiz.de/10010849649
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Local Government Indebtedness and Debt Management in Switzerland. Causes and Consequences
Melly, Christian - In: Public Finance Quarterly 57 (2012) 2, pp. 164-172
The indebtedness of local governments has the potential to be highly detrimental at both local and central government … levels. The objective of the present case study is to present the indebtedness and subsequent restructuring of the … to the matter and the evaluation of the effectiveness of these measures. The reasons for the indebtedness of Swiss local …
Persistent link: https://www.econbiz.de/10010614482
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La dette publique : un défi prioritaire pour le Québec
Joanis, Marcelin; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2004
This paper first recalls the high level of public indebtedness in Quebec. A literature review and a description of the … public finances and indebtedness; and (3) the lack of a scientific consensus regarding the debt targets and policies that … governments should pursue. The paper analyzes and uses the ""traditional rule"" for indebtedness, which states that government …
Persistent link: https://www.econbiz.de/10005079423
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Debt origin and investment efficiency from Korea
Jeon, Heung Joo; Oh, Hyun Min - In: International Journal of Financial Studies : open … 8 (2020) 3/47, pp. 1-27
This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that report that the quality of financial reporting may vary depending on the origin of the debt, the empirical analysis predicted that the effects of the origin of the debt on...
Persistent link: https://www.econbiz.de/10012291782