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motive for expectation management that aims towards the manipulation of equilibrium prices of government debt in a favorable …
Persistent link: https://www.econbiz.de/10011686979
Hungary may be caused, however, by a one-time reduction in debt resulting from changes in pension system. …
Persistent link: https://www.econbiz.de/10012002026
data in EU states concerning the level of debt, the level of gross domestic product (GDP) redistribution, and the level of … EU states. The main conclusions of this article are as follows: (i) EU countries recorded higher national debt levels and … debt growth rates between 2008 and 2015 than most non-EU Organisation for Economic Co-operation and Development (OECD …
Persistent link: https://www.econbiz.de/10012116053
The sovereign debt crisis in the euro area has raised interest in early warning indicators, aimed at signalling the …
Persistent link: https://www.econbiz.de/10010862284
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
opening, exchange rate policies, alternatives to debt financing and the role of the international financial institutions. The … 1991 and 2001, together with the lack of nationally coherent fiscal and development policies, led to a classic debt …
Persistent link: https://www.econbiz.de/10005076729
motive for expectation management that aims towards the manipulation of equilibrium prices of government debt in a favorable …
Persistent link: https://www.econbiz.de/10009650593
During the pandemic, public debt in Latin America and the Caribbean rose to more than 70 percent of GDP, and countries … are now attempting to lower debt ratios. We analyze past debt reduction episodes and find inflation and the real interest … rate were the most frequent main drivers, while higher growth, fiscal consolidation and debt restructuring were relatively …
Persistent link: https://www.econbiz.de/10014540585
The purpose of the study is to test for debt sustainability as well as assess the impact of public debt on economic … suggested by Bohn (1998) to test for the sustainability of Ghana's debt. The neoclassical growth model was used to determine the … relationship between debt and economic growth after controlling for other determinants of growth such as labour, capital, trade …
Persistent link: https://www.econbiz.de/10013348432
on debt dynamics for the eight new member states from Central and Eastern Europe. We find that the nominal Maastricht … achieve the fiscal criteria. Our results suggest all countries would find it harder to restrain debt growth within the euro …, but that the magnitude of this effect varies substantially across countries, as do the debt dynamics outside the euro. If …
Persistent link: https://www.econbiz.de/10005124072