debt and deficits
Sustainable debt and deficits in emerging markets
... Fiscal stimuli contributed to making India one of the brighter spots in a dismal globe. There were fears the government may not have the capacity to reverse rising deficits, and with debt ratios already at ...
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Limitations on government debt and deficits
... The rules on budgetary discipline subsequently try to ensure that the established budgetary framework is not exceeded. 90 The rules on budgetary discipline are supervised by [r] ...
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Evaluation of Sustainability of Current Account Deficits in Turkey
... account deficits were over-financing by the finan- cial account surpluses through FDI and long term credits in increasing ...term debt to the total and the ratio of public debt to the private ...
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Assessing fiscal sustainability in some selected countries
... On the other hand, Chalk and Hemming (2000) demonstrate that in the presence of non- renewable resources, sustainability would require equalising a country's net worth (including the value of non-renewable resources) to ...
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The economics of austerity
... fiscal deficits should be ...government debt produced the 1920s ‘Treasury view’ – that government deficits are economically damaging and austerity is required to rein them ...government ...
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Input rich Writing Tasks and Student Writing on an English Language Proficiency Test
... more debt (Alesina & Tabellini, 1990; Persson & Svensson, 1989; Van Der Ploeg, 1984); information asymmetry and principal- agent problems (Brender & Drazen, 2005; Rogoff, 1990; Rogoff & Sibert, ...
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The Euro blame game and its implications for policy and financial markets. ACES Cases No. 2012.2
... public debt levels are cause for concern for several reasons. If the debt is denominated in foreign currency, any depreciation of the domestic currency will make it harder to repay the debt and ...
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Scenarios of economic development in Romania medium to long term forecasting models
... (public debt and fiscal deficits); b) A simple econometric model, based on a production function, in which FDI and exports are introduced as inputs in addition to labour and domestic capital (also developed ...
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External Borrowing and Inflation in Turkey from 2003-14; A Simple Linear Regression Analysis
... budget deficits will require further increases in money creation as velocity responds to increasing inflation ...foreign debt. Ulusoy and Küçükkale (1996: 23) mention that external debt, however ...
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The relative effectiveness of Monetary and Fiscal Policies on growth: what does long run SVAR model tell us?
... Using cointegration and error correction estimation techniques, a country-specific study by Ajisafe and Folorunso (2002) examined the relative efficacy of monetary and fiscal policy in Nigeria during the period ...
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Boosting cycles and Stabilization effects of Fiscal Rules
... a debt-to-GDP ratio of 60 per cent and keep annual deficits below 3 per cent of GDP, or face an ‘excessive deficit procedure’ with the potential for fines to be levied for the repeated breach of the ...
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Deficits and the Economy: All Deficits Are Not Created Equal
... budget deficits assert that they are economically harmful, reducing national saving, increasing interest rates, lowering private investment, and increasing the current account ...budget deficits are ...
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A synthesis of empirical research in the sustainability of fiscal policy
... public deficits, while the ability of government authorities to deal with public deficits has been receiving rising awareness from economists and policy ...sovereign debt during the last years has ...
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Government deficits in large open economies: the problem of too little public debt
... The optimal policy is to impose the maximum possible capital levy on the private sector’s initial, predetermined capital and public debt and then to switch perma- nently to a zero capital income tax rate. 5 ...
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Ricardian equivalence and the Irish consumption function: the evidence re examined
... Foreign Debt Tests Another implication of Ricardian equivalence, not tested by Moore, which is very important in the Irish case and easily testable using Irish data, is that if deficits [r] ...
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The Models of Third Generation: Controversies on the Profound Nature of the Asian Crisis
... current deficits, the fixity of the currencies against the dollar, the domestic debt increasing in foreign currency, the loss of competitiveness of exports, the training of speculative bubbles on the stock ...
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The Checks of Czechs: Optimizing the Debt Portfolio of the Czech Government
... Overall, our results are rather insensitive to changes in single parameters, except for the foreign currency and inflation risk premiums (FP, IP), and the extent of the consolidation plan (the size of budget adjustment). ...
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A Cross Sectional study on Cognitive Functioning in Patients with Schizophrenia and Its Association with Socio-Demographic Variables Clinical Variables and Disability.
... Schizophrenia, as known, is a remarkably disabling illness. Functional decline persisting for six months is one of the criteria for diagnosis of schizophrenia. In developed countries, it ranks near the top among other ...
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Debt Maturity and the Liquidity of Secondary Debt Markets
... Douglas Gale, Ed Green, Denis Gromb, Zhiguo He, Andrew Karolyi, Claudio Michelacci, Martin Oehmke, Ailsa R¨ oell, Giorgia Piacentino, Tano Santos, Enrique Schroth, Joel Shapiro, David Skeie, Javier Su´ arez, Dimitri ...
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Buybacks of domestic debt in public debt management
... Missale (1999) points out how policy-makers’ approach to debt management implies a trade-o¤ between cost and risk minimisation. A strategy of cost minimi- sation would suggest issuing securities with the lowest ...
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