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accentuated, and market financing costs subside. Strong fiscal rules have not shown any significant impact on containing fiscal … of inter-governmental fiscal arrangements that looks beyond rules-based frameworks by ensuring enforcement procedures are …
Persistent link: https://www.econbiz.de/10012530534
This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can deal just with a reduced number of variables, neglecting part of the overall complexity. This is usually taken as just a limitation: agents cannot deal with all relevant...
Persistent link: https://www.econbiz.de/10011496085
are the approach to the rules in macroeconomic policy, fiscal consolidation, and interpretation of current account surplus …
Persistent link: https://www.econbiz.de/10012232440
approach to the rules in macroeconomic policy, fiscal consolidation, and interpretation of current account surplus. Given the …
Persistent link: https://www.econbiz.de/10012232444
, and the emergence and persistence of rules or norms, from a family perspective. In models where every new person is … preferences, and the latter by selecting cooperation-inducing rules. The existence of population groups recognizable by outward …
Persistent link: https://www.econbiz.de/10012658200
In this working paper we present and discuss the main directions in the development of the outer space policy with a special focus on the relation between the European countries. The strategic importance of the outer space has been acknowledged during the Cold War and has stayed that way ever...
Persistent link: https://www.econbiz.de/10014450421
Does market exposure shape civic values and rules that constrain opportunistic behavior and foster generalized …, impersonal and ephemeral exchange with strangers creates a demand for civic values and rules, which together with community … and rules. …
Persistent link: https://www.econbiz.de/10014480478
We study the potential benefits of adding a lottery component to cut the main risks associated with standard negotiated and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first negotiate with a small number of bidders to assess their...
Persistent link: https://www.econbiz.de/10014518227
needs rules and boundaries. This paper reviews the broader institutional design problem regarding the effectiveness of the … central bank in practice and confirms the need for rules and boundaries. The framework proposed for improving the Fed … Central Bank of Cyprus to Marfin-Laiki Bank during the crisis, however, suggests that the existence of rules and boundaries …
Persistent link: https://www.econbiz.de/10010420405
Members of the European Currency Union and even a majority of all other Member States of the European Union are faced with high public and private depts. It is almost obvious that many Member States will have a problem with repaying depts and even are endanger to fall through interest payment....
Persistent link: https://www.econbiz.de/10010480911