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Früher einmal ein überzeugter Anhänger des Euro fürchte ich nun, dass uns der Euro zur Übernahme von Schulden … verurteilt, die andere Staaten verursacht haben. Denn mit dem Euro-Schutzschild wurde aus einer Wettbewerbsgemeinschaft eine … proklamierte Ausspruch "Scheitert der Euro, scheitert Europa" ist nicht nur falsch, sondern auch leichtsinnig und verantwortungslos …
Persistent link: https://www.econbiz.de/10010417029
Faced with the need to adjust public pension systems to meet changing demographic, economic and social conditions, most developed countries have created government reserve funds to ensure macroeconomic sustainability. This paper aims to study the importance that this reserve fund plays in the...
Persistent link: https://www.econbiz.de/10013363083
The ongoing coronavirus pandemic crisis as well as demographic and climate change pose major challenges for public finances. This article deals with the implications of demographic trends in Switzerland, i.e. the progressive ageing of the population and its impact on the country’s public...
Persistent link: https://www.econbiz.de/10013041006
Verschuldung und diskutieren Handlungsoptionen. Dr. Katja Rietzler (Institut für Makroökonomie und Konjunkturforschung - IMK … (Institut der deutschen Wirtschaft - IW) beschäftigen sich mit der mittelfristig verkraftbaren Verschuldung des Staates und Prof …
Persistent link: https://www.econbiz.de/10014339924
Why would people support policies that are macroeconomically unsound, in that they are more likely to lead to such events as sovereign crises, balance of payments crises, and the like? This may arise if decisive voters are likely to bear a lower fraction of the costs of the crisis, while...
Persistent link: https://www.econbiz.de/10013286467
Today it's frequently used the terms PIGS or PIIGS, acronyms used by economic journalists to refer to different countries of the European Union for their statement of affairs. The bad connotation is evident from the fact that pigs in English suggest the bad state of the economies of these...
Persistent link: https://www.econbiz.de/10009240735
stronger fiscal rules in euro area members reduce sovereign risk premia, in particular in times of market stress. To do so, we … ; sovereign spreads ; sovereign risk ; euro area …
Persistent link: https://www.econbiz.de/10009315724
This paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...
Persistent link: https://www.econbiz.de/10009309495
We examine the long-run impact of fiscal policy on economic growth under the conditions of an economic and monetary union (EMU). The analysis is based on the neoclassical growth model of a small (in economic terms) open economy in an EMU. The core assumptions are perfect capital mobility, which...
Persistent link: https://www.econbiz.de/10010228515
Italien leidet politisch und ökonomisch unter der Finanzkrise in der Europäischen Union. Das Wachstum ist negativ und die Arbeitslosigkeit steigt. Obwohl die Neuverschuldung verringert wurde und die Handelsbilanz Überschüsse aufweist, bleibt ein Zinsspread bestehen. Zudem ist zu befürchten,...
Persistent link: https://www.econbiz.de/10009678971