Zobrazeno 1 - 10
of 1 396
pro vyhledávání: '"jel:E6"'
Autor:
Guido Lorenzoni, Iván Werning
Publikováno v:
American Economic Review. 109:3229-3263
What circumstances or policies leave sovereign borrowers at the mercy of self-fulfilling increases in interest rates? To answer this question, we study the dynamics of debt and interest rates in a model where default is driven by insolvency. Fiscal d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a050c6ab30516a67d17a3125a4b22fd8
https://doi.org/10.1257/aer.20141766
https://doi.org/10.1257/aer.20141766
Autor:
MAGAZZINO, COSIMO
Publikováno v:
Scopus-Elsevier
This paper aims to analyze the nexus between disaggregated public spending and GDP in the Euro Area for the period 1990-2010 at a disaggregated level, using a time series approach. We estimated this nexus for ten items of public spending according to
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3361744931af775eadae9b03ba1718e6
Autor:
Pauls, Thomas
We conducted a large-scale household survey in November 2020 to study how altering the time frame of a message (temporal framing) regarding an imminent positive income shock affects consumption plans. The income shock derives from the abolishment of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::363e3764da783f9301028272c4cd5457
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/58271
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/58271
We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep un
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::894a5bc4070cc710515ab1eda6fb6b41
https://doi.org/10.3386/w26922
https://doi.org/10.3386/w26922
Autor:
Vipul Bhatt, Andre R. Neveu
Publikováno v:
Eastern Economic Journal. 45:179-203
This paper provides an empirical framework for computing a flow measure of public debt called the debt-to-duration ratio. A ratio of this measure to GDP (DD-to-GDP) is a unit-free measure of debt burden interpreted as the percentage of income for deb
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::45af3eeeacb9b5c032f59996da19325e
https://doi.org/10.1057/s41302-018-0113-x
https://doi.org/10.1057/s41302-018-0113-x
Autor:
John H. Cochrane
Publikováno v:
Journal of Monetary Economics. 92:47-63
In standard solutions, the new-Keynesian model produces a deep recession with deflation in a liquidity trap. The model also makes unusual policy predictions: Useless government spending, technical regress, and capital destruction have large multiplie
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::110a538d6f3646c874f476be883fd338
https://doi.org/10.1016/j.jmoneco.2017.09.003
https://doi.org/10.1016/j.jmoneco.2017.09.003
Autor:
Monisankar Bishnu, Min Wang
Publikováno v:
Journal of Economic Dynamics and Control. 77:93-110
This paper characterizes an intergenerational welfare state with endogenous education and pension choice under general equilibrium-probabilistic voting. We show that politically implementing public education program always increases the future human
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::441255b6ef92055d8effb3cdb2ea239b
https://doi.org/10.1016/j.jedc.2017.02.002
https://doi.org/10.1016/j.jedc.2017.02.002
Autor:
Jérôme Creel, Pierre Aldama
Publikováno v:
Economic Modelling
Economic Modelling, Elsevier, 2019, 81, pp.471-479. ⟨10.1016/j.econmod.2018.03.017⟩
Economic Modelling, 81, 471-479 (2019-09)
Economic Modelling, Elsevier, 2019, 81, pp.471-479. ⟨10.1016/j.econmod.2018.03.017⟩
Economic Modelling, 81, 471-479 (2019-09)
The sustainability of US public debt has been widely discussed since the Great Recession. Using annual data since 1940, we estimate and compare different specifications of fiscal rules. Estimates of constant-parameter fiscal rules show no evidence of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bd077c9ab12b523e17c037f80ad8ad76
https://hal.archives-ouvertes.fr/hal-03384685/document
https://hal.archives-ouvertes.fr/hal-03384685/document
Publikováno v:
Economic Modelling. 57:133-152
We construct a tractable endogenous growth model with production externalities in which the public capital stock augments investment speci?c technological change. We characterize the ?rst best ?scal policy and show that there exist several labor and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::dd92efb22afbdf0851f863269afc00ae
https://doi.org/10.1016/j.econmod.2016.04.007
https://doi.org/10.1016/j.econmod.2016.04.007
Autor:
Barry Eichengreen, Ugo Panizza
Publikováno v:
Economic Policy. 31:5-49
IMF forecasts and the EU's Fiscal Compact foresee Europe’s heavily indebted countries running primary budget surpluses of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt/GDP ratios d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::50705d0274acbb4bf93bbfedb872bdb5
https://doi.org/10.1093/epolic/eiv016
https://doi.org/10.1093/epolic/eiv016