Showing 1 - 10 of 813,703
Persistent link: https://www.econbiz.de/10011416693
We present a theory of endogenous fiscal policy and growth. Fiscal policy — debt, income tax, spending on local public … we call the shrinking government effect: public debt grows faster than GDP, provisions of public goods and infrastructure …
Persistent link: https://www.econbiz.de/10013013181
Persistent link: https://www.econbiz.de/10011709474
the government. It is shown under which conditions a government can stick to the intertemporal budget constraint and then …
Persistent link: https://www.econbiz.de/10014275670
Persistent link: https://www.econbiz.de/10015061820
Persistent link: https://www.econbiz.de/10010358739
by investments in R&D; (iii) the government is committed to a zero-deficit policy and finances public expenditures by …
Persistent link: https://www.econbiz.de/10010367469
Recent empirical evidence suggests that during the last years fiscally weak European countries significantly cut their R&D budgets in an effort to reduce their deficit, according to the spirit of the Fiscal Compact. We propose a general equilibrium model that endogenously captures the trade-off...
Persistent link: https://www.econbiz.de/10012061561
Persistent link: https://www.econbiz.de/10014240296