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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …
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This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in … Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the … relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in …
Persistent link: https://www.econbiz.de/10011938320
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Herausforderungen beim Schuldenmanagement näher betrachtet. Die Details der gesetzlichen Verpflichtung zur Rückzahlung werden im … transparentes und rechenschaftspflichtiges Schuldenmanagement ist erforderlich, um Generationengerechtigkeit zu gewährleisten. …
Persistent link: https://www.econbiz.de/10014545949
Die aktuell verbreitet niedrigen Zinsen mindern die Belastung durch die öffentliche Kreditaufnahme. Doch wird sich die Schuldenstandsquote EU-weit in Richtung auf das Maastricht-Kriterium von 60% des Bruttoinlandsprodukts zubewegen? Der Autor zeigt anhand modellhafter Betrachtungen, dass der...
Persistent link: https://www.econbiz.de/10011773213
The correct understanding of Greece's debt can only be obtained by using international accrual accounting standards rather than the cash-basis future face value defi nition. Changing the terms of debt changes the value of the debt in Greek governmental fi nancial statements correctly prepared...
Persistent link: https://www.econbiz.de/10011773254
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EU fiscal rules are meant to keep public finances on a sustainable path. This paper presents a new database that tracks numerical compliance with the four main rules of the Stability and Growth Pact starting in 1998. Our assessment of numerical compliance abstracts from the many exceptions and...
Persistent link: https://www.econbiz.de/10014334679