Showing 1 - 10 of 77,665
This paper describes the growth of the Singapore Government Securities (SGS) market. It elaborates on the balanced budget policy of the Singapore government, explains how SGS are issued unrelated to fiscal needs and describes how a liquid SGS market is used to establish a robust government yield...
Persistent link: https://www.econbiz.de/10013088106
their home. However,concerns over the deficit threaten to derail efforts to turn around the economy and spur employment …. This report attempts to correct many of the misperceptions about the deficit that have brought the issue to the center of … downturn, the tactics of the deficit hawks distract the public and policy makers from the policies necessary to bring the …
Persistent link: https://www.econbiz.de/10008563396
Many proponents of conservative fiscal policies talk of the budget deficit as being a matter of intergenerational … equality. However, this paper shows the younger generations (and those yet to be born) will contribute more to the deficit than … the driving force behind the deficit is our broken health care system and that this should be the focus of the debate. …
Persistent link: https://www.econbiz.de/10008545824
Recently governments, economists, and international financial institutions have been debating the merits of further fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” – that is, higher taxes and/or lower government spending – to combat budget deficits....
Persistent link: https://www.econbiz.de/10008671782
deficit and national debt. This discussion is unfortunate both because there is no reason for people to be concerned about the … deficit at present, and more importantly, because it discourages action on the unemployment crisis that is devastating the …
Persistent link: https://www.econbiz.de/10008678193
Based on Austria's fiscal stance in 1995, we compute the generational accounts for currently living as well as future generations. The results reveal the existence of an enormous intergenerational imbalance in favor of currently living generations. Total public sector liabilities may be more...
Persistent link: https://www.econbiz.de/10010292408
Based on Austria's fiscal stance in 1995, we compute the generational accounts for currently living as well as future generations. The results reveal the existence of an enormous intergenerational imbalance in favor of currently living generations. Total public sector liabilities may be more...
Persistent link: https://www.econbiz.de/10009714283
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
What is the current state of sovereign credit risk across Euro zone? Does the recent fiscal crisis extend to other (non Euro zone) countries? Is Greece the center of the problem? How did the current fiscal crisis in the Euro area start? Who is behind it? Why can it evolve? How can it be...
Persistent link: https://www.econbiz.de/10013114887
To enrich the debate about the fiscal effectiveness of sovereign wealth funds, this paper explores the effect of sovereign wealth funds (more precisely sovereign oil funds, SOFs) on the government spending in real term and as a share of GDP. First, we evaluate the relationship between the...
Persistent link: https://www.econbiz.de/10013054164