Showing 1 - 10 of 10,830
particular, the interplay between government debt and private leverage is attracting increasing attention in the current context …
Persistent link: https://www.econbiz.de/10011664051
This paper develops a political-economy model of fiscal policy - one in which government resources are a "common property" out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...
Persistent link: https://www.econbiz.de/10005605578
, the positive impact of debt relief on low-income countries (LICs), and positive growth trends for the world economy … economies were able to reduce the vulnerabilities of their debt portfolios and debt management was being carried out under … favorable circumstances. Average maturities increased, reflecting increases in the maturities of new debt issuances, and …
Persistent link: https://www.econbiz.de/10008837685
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
Persistent link: https://www.econbiz.de/10011846188
Farmer bankruptcies, bankruptcy rates, and related issues are explored from the beginning of modern bankruptcy legislation over a century ago. Farmer bankruptcies historically have been controversial because they are thought to indicate changes in the economic well-being and structure of the...
Persistent link: https://www.econbiz.de/10005500221
This paper focuses on the observed empirical relationship between fiscal rules and budget deficits, and examines whether this correlation is driven by an omitted variable, namely voter preferences. We make use of two different estimation methods to capture voter preferences in a panel of Swiss...
Persistent link: https://www.econbiz.de/10010316757
This paper focuses on the observed empirical relationship between fiscal rules and budget deficits, and examines whether this correlation is driven by an omitted variable, namely voter preferences. We make use of two different estimation methods to capture voter preferences in a panel of Swiss...
Persistent link: https://www.econbiz.de/10003861556
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
To enrich the debate about the effectiveness of sovereign wealth funds, this paper explores the relationship between real government spending and real oil export revenues for a sample of six countries. This exploration uses an econometric analysis based on time-series data and its purpose is to...
Persistent link: https://www.econbiz.de/10013054166