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Alternatives to Fiscal Austerity in Spain

Weisbrot, Mark; Montecino, Juan Antonio - Center for Economic and Policy Research (CEPR) - 2010

This paper looks at the planned austerity measures in Spain, the rationale for the spending cuts and tax increases, likely outcomes for future debt-to-GDP ratios, and the probable results of alternative policies.

Persistent link: https://www.econbiz.de/10008560250

Greying the budget : ageing and preferences over public policies

Mello, Luiz R. de; Schotte, Simone; Tiongson, Erwin R.; … - 2016

This paper looks at how individual preferences for the allocation of government spending change along the life cycle …. Our findings are consistent with a body of literature arguing that conflict across generations over the allocation of …

Persistent link: https://www.econbiz.de/10011450600

Greying the Budget : Ageing and Preferences Over Public Policies

de Mello, Luiz R. - 2016

Persistent link: https://www.econbiz.de/10013000063

Banking Reform in China: An Assessment in Macroeconomic Perspective

Ng, Beoy Kui - Division of Economics, Nanyang Technological University - 2007

China has been delaying its adoption of a flexible exchange rate system with free capital flows. The main excuse is … adopted by China in its banking reform since 1978 and then assess these reform measures in macroeconomic perspective. The … paper argues that since China is still lingering on export-oriented strategy in promoting economic growth and monetary …

Persistent link: https://www.econbiz.de/10005227623

Monetary policy rule under financial deregulation in China

Cai, Yucheng; Taguchi, Hiroyuki - In: Economics Bulletin 35 (2015) 1, pp. 122-132

This paper examines the monetary policy rule in practice for China during the period from 1998Q1 to 2014Q2 by applying …

Persistent link: https://www.econbiz.de/10011199673

Sovereign Credit Risk in the Euro Zone

Haidar, Jamal Ibrahim - 2012

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

Economic Stability and Economic Governance in the Euro Area : What the European Crisis Can Teach on the Limits of Economic Integration

Lupo-Pasini, Federico - 2013

The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...

Persistent link: https://www.econbiz.de/10013085690

An Historical Walk Through Recent Financial Crises

Kowalski, Tad; Shachmurove, Yochanan - 2011

This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...

Persistent link: https://www.econbiz.de/10014180395

The Performance of Monetary and Fiscal Rules in an Open Economy with Imperfect Capital Mobility

Meirelles Aurelio, Marcela - 2005

This paper studies monetary and fiscal policy rules, and investigates the characteristics of optimal policies. The central focus of the paper is on the comparison of two types of fiscal rules: a balanced budget and a target for the primary surplus. Balanced budget rules (or, more generally,...

Persistent link: https://www.econbiz.de/10014067414

The Origins of the Modern Financial Revolution: Responses to Impediments from Church and State in Western Europe, 1200 - 1600

Munro, John H. - University of Toronto, Department of Economics - 2001

The basic thesis is that the modern 'financial revolution', usually dated to eighteenth century England, but far more properly to the sixteenth-century Netherlands, in terms of those institutions for both government finance (borrowing) and international finance (bills of exchange), owed its...

Persistent link: https://www.econbiz.de/10005704834