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Monetary and Fiscal Policies in Times of Large Debt : Unity is Strength

Bianchi, Francesco - 2020

The COVID pandemic found policymakers facing constraints on their ability to react to an exceptionally large negative shock. The current low interest rate environment limits the tools the central bank can use to stabilize the economy, while the large public debt curtails the efficacy of fiscal...

Persistent link: https://www.econbiz.de/10012834917

Monetary and fiscal policies in times of large debt: unity is strength

Bianchi, Francesco; Faccini, Renato; Melosi, Leonardo - 2021 - Updated version

in inflation and real interest rates, leading to a fiscal theory of trend inflation. Fiscal trend inflation accounts for …

Persistent link: https://www.econbiz.de/10012795848

Who is afraid of eurobonds?

Bianchi, Francesco; Melosi, Leonardo; Rogantini Picco, Anna - 2022

The growing asymmetry in the size of fiscal imbalances poses a serious challenge to the macroeconomic stability of the Euro Area (EA). We show that following a contractionary shock, the current monetary and fiscal framework weakens economic growth even in lowdebt countries because of the zero...

Persistent link: https://www.econbiz.de/10013387352

Inflation as a fiscal limit

Bianchi, Francesco; Melosi, Leonardo - 2022

Low and stable inflation requires an appropriate fiscal framework aimed at stabilizing government debt. Historically, trend inflation is critically influenced by actual or perceived changes to this framework, while cost-push shocks only account for short-lasting movements in inflation. Before...

Persistent link: https://www.econbiz.de/10013357155

The Ethical Perceptions of Bribe Taking in Four Muslim Countries

Hernandez, Teresa - 2014

This study examined attitudes toward bribe taking in four Muslim countries – Indonesia, Egypt, Iran and Iraq. Eighteen demographic variables were also examined (gender, age, marital status, etc.), and it was found that most mean scores between groups were significant

Persistent link: https://www.econbiz.de/10013055210

The Ethics of Accepting a Bribe : An Empirical Study of Opinion in the USA, Brazil, Germany and China

Hernandez, Teresa - 2014

This paper presents the results of an empirical study of attitudes toward bribe taking in the largest economies on four continents – the USA, Brazil, Germany and China. The authors use the Human Beliefs and Values Survey data to examine several demographic variables, including gender, age,...

Persistent link: https://www.econbiz.de/10013055212

The Ethics of Accepting a Bribe : A Comparative Study of Opinion in the USA, Canada and Mexico

Hernandez, Teresa; McGee, Robert W. - 2014

This study compares the views on bribe taking of sample populations in the USA, Canada and Mexico. More than a dozen demographic variables are also examined to determine whether differences exist between or among subgroups. The survey found that most demographic variables showed significant...

Persistent link: https://www.econbiz.de/10014037339

Ethical Attitudes Toward Taking a Bribe : A Study of Three Latin American Countries

Hernandez, Teresa; McGee, Robert W. - 2014

This study presents the results of an empirical study of attitudes toward bribe taking in three large Latin American Countries – Argentina, Brazil and Colombia. The authors use the Human Beliefs and Values Survey data to examine several demographic variables, including gender, age, ethnicity,...

Persistent link: https://www.econbiz.de/10014037341

Instability and the Incentives for Corruption

Campante, Filipe R.; Chor, Davin; Do, Quoc-Anh - 2009

We investigate the relationship between corruption and political stability, from both theoretical and empirical …-shaped relationship between total corruption and stability. On the empirical side, we find a robust U-shaped pattern between country … indices of corruption perception and various measures of incumbent stability, including historically-observed average tenures …

Persistent link: https://www.econbiz.de/10014062385

Sovereign Risk and Strategic Debt

Hanusch, Marek - 2010

The world economy is engulfed in an economic crisis. In an attempt to avert a repetition of the Great Depression, governments across the globe have borrowed heavily to finance fiscal stimulus packages. Rising debt levels have put the credit ratings of many countries, including those in the...

Persistent link: https://www.econbiz.de/10013147105