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Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme
Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009
16 4.3 China 17 4.4 Japan und Korea 18 4.5 Konjunkturpakete der Europäischen Union 19 4.6 Die deutschen … und China aufge- legt (siehe Abbildung 1), die zusammen mehr als die Hälfte der Finanzmittel stellen. Abbildung 1 …: Aufteilung der weltweiten Konjunkturprogramme (Prozent) USA; 35 China; 20 Japan; 15 Rest; 15 Europa; 15 Quelle: Scheuerle …
Persistent link: https://www.econbiz.de/10003839016
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Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme
Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009
Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...
Persistent link: https://www.econbiz.de/10003828844
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Optimal fiscal policy rule for achieving fiscal sustainability : a Japanese case study
Yoshino, Naoyuki; Mizoguchi, Tetsuro; … - 2015
Japan's debt-to-gross domestic product (GDP) ratio is the highest among Organisation for Economic Co-operation and Development (OECD) countries. This paper will firstly answer the question of whether Japanese government debt is sustainable. Next, while the Domar condition and Bohn's condition...
Persistent link: https://www.econbiz.de/10011283728
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The welfare and stabilization benefits of fiscal rules : evidence from Canadian provinces
Landon, Stuart; Smith, Constance E. - 2015
Persistent link: https://www.econbiz.de/10011376702
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A cycle-adjusted fiscal rule for sustainable and more equitable growth in Argentina
Zúñiga, Jimena; Capello, Marcelo; Butler, Inés; … - 2013
This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low appropriability of social returns and insufficient public...
Persistent link: https://www.econbiz.de/10011303821
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Fiscal rules and twin deficits : the link between fiscal and external balances
Badinger, Harald; Fichet de Clairfontaine, Aurélien; … - 2015
Persistent link: https://www.econbiz.de/10011347895
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Primary surplus and debt projections based on estimated fiscal reaction functions for euro area countries
Plödt, Martin; Boeing-Reicher, Claire - 2014
We project the path of the public debt and primary surpluses for a number of countries in the euro area under a fiscal rule based on a set of estimated fiscal policy reaction functions. Our fiscal rule represents a fiscal analogue to a well-known monetary policy rule, and it is calibrated using...
Persistent link: https://www.econbiz.de/10010235435
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Estimating simple fiscal policy reaction functions for the euro area countries
Plödt, Martin; Boeing-Reicher, Claire - 2014
We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to the output gap, a response to the debt-GDP...
Persistent link: https://www.econbiz.de/10010235448
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Budget-neutral fiscal rules targeting inflation differentials
Brede, Maren - 2016
In light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral scal policies that counteract in ation di erentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national scal...
Persistent link: https://www.econbiz.de/10011437921
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Deficit policy within the framework of the stability and growth pact : empirical results and lessons for the fiscal compact
Afflatet, Nicolas - 2016
This paper examines the question whether joining EMU or the breach of the Stability and Growth Pact in 2003 had an impact on the deficit policy of member states. The empirical analysis gives no hint for an alteration of deficit policy after having joined EMU or after having breached the Pact in...
Persistent link: https://www.econbiz.de/10011488439