We develop a method for measuring the amount of insurance the portfolio of government liabilities provides against scal shocks, and apply it to postwar US data. We dene scal shocks as surprises in defense spending. Our results indicate that the US federal government is partially hedged against...

The European Network of Economic Policy Research Institutes (ENEPRI) brings together twenty-four leading national economic policy research institutes from most of the EU-27 countries. The goals of the network are to foster the international diffusion of existing research, co-ordinate research...

Das Institut für Weltwirtschaft an der Universität Kiel (IfW) ist eines der großen Zentren weltwirtschaftlicher Forschung, wirtschaftspolitischer Beratung, ökonomischer Ausbildung und wirtschaftswissenschaftlicher Dokumentation. Das Institut sieht seine Hauptaufgabe in der Erforschung...

The present report gathers 21 contributions received from national Economic and Social Councils (ESCs) and similar institutions, civil society organisations and members of the European Economic and Social Committee (EESC) in relation to their implications and activities regarding the 2012...

En este trabajo se determina el problema de la gestión óptima de la deuda pública en una pequeña economía abierta. El Gobierno emite un continuo de bonos de vencimiento finito sujeto a restricciones de liquidez. Hallamos que la solución puede ser descentralizada: la emisión óptima de un...

La crisis de deuda soberana en la zona del euro ha aumentado el interés por los indicadores de alerta temprana. El principal objetivo de estos indicadores es anticipar la acumulación de desequilibrios fiscales para facilitar la prevención de crisis con las políticas fi scales y...

Historical estimates of productivity growth in India's pulp and paper sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used...

Historical estimates of productivity growth in India's iron and steel sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used...

Changes in power contract terms for customers of Western`s Salt Lake City Area Office affect electricity rates for consumers of electric power in Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming. The impacts of electricity rate changes on consumers are studied by measuring impacts on the...