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and current account deficits, which have in turn driven Greece's foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10010270514
and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10008572540
the current bailout by the EU/ECB/IMF. -- debt ; deficits ; political economy ; fiscal crisis ; Greece … and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10003979327
and current account deficits, which have in turn driven Greece's foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10013141505
This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the hands of conservatives. That framing is also largely consistent with the conventional view of the economy and of society more generally. To put it the way that economists usually...
Persistent link: https://www.econbiz.de/10010627293
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
We look at the effect of exchange rate regimes on fiscal discipline, taking into account the effect of underlying political conditions. We present a model where strong politics (defined as policymakers facing longer political horizon and higher cohesion) are associated with better fiscal...
Persistent link: https://www.econbiz.de/10012977352
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict of … taxes do not distort labour supply, the economy progressively depletes its resources through debt accumulation, leaving …
Persistent link: https://www.econbiz.de/10010287737
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict of … taxes do not distort labour supply, the economy progressively depletes its resources through debt accumulation, leaving …
Persistent link: https://www.econbiz.de/10005652259
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … voters choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict … through debt accumulation, leaving future generations “enslaved”. However, if tax distortions are sufficiently large, the …
Persistent link: https://www.econbiz.de/10005627936