debt dynamics
Public Debt Dynamics and Debt Feedback
... the debt feedback in the VAR results in explosive debt dynamics and persistent debt impulse ...public debt to monetary policy related variables, inflation and interest rate can be ...
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Fiscal Policy and Public Debt Dynamics in Italy
... historical dynamics of government debt in Post-Unification Italy, from 1861 to ...the debt-GDP ratio are unable to reject either the non-stationarity or the stationarity null ...Controlling ...
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Tax reduction for full employment and debt dynamics: A Keynesian analysis by mathematics and simulation
... the debt-to-GDP ratio than before the fiscal policy using a continuous time model and a discrete time model of debt ...smaller debt-to-GDP ratio than before the fiscal ...
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Domestic Debt Dynamics and Fiscal Sustainability in Nigeria: An Empirical Evidence
... For the real GDP, the lag selected is 6 and structural break occurred in 1996. The computed t- statistic is -3.7685 which is greater in absolute value than the LM τ critical value at 5% level of significance. The lag ...
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Government debt dynamics and the global financial crisis: Has anything changed in the EA12?
... Table 2 shows the results of the fractional integration test when at most one break is allowed. There are many similarities with the results in Table 1, but also some differences. The most noticeable result of the ...
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Public Capital Expenditure and Debt Dynamics: Evidence from the European Union
... The only evidence in favour of cointegration from Table 5a comes from the Fisher tests (r<0 and r<1) and, for real variables, from the Pedroni (1999) panel v-statistic. The reason for the rejection of the ...
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Analyzing the Impact of Macroeconomic Shocks on Public Debt Dynamics: An Application to the Czech Republic
... The second option could be to introduce more permanent changes in government policies behind the revenues, expenditures and debt structure.2 However, this would amount to a systemic chan[r] ...
12
Productive Public Expenditure and Debt Dynamics: a Theoretical Framework based on Intertemporal Optimization
... Carranza, Daude, Melguizo (2014) look at the relationship between fiscal consolidation and public investment in six of the main Latin American economies namely Argentina, Brazil, Chile, Colombia, Mexico, and Peru. They ...
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Fiscal policy for full employment and debt dynamics: An attempt of mathematical analysis of MMT
... the debt-to-GDP ratio at the time when full-employment is realized is, and an aggressive fiscal policy for full-employment can reduce the debt-to-GDP ...smaller debt-to-GDP ratio than before the ...
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Irish Government Debt and Implied Debt Dynamics: 2011 2015
... net debt at the end of ...the dynamics of the debt over the period 2011 to ...the debt repayments that fall due during this ...the debt is likely to evolve over the period to ...
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The dynamics of French public debt: Paths for fiscal consolidations
... We analyze possible targets for the French debt-to-GDP ratio with a small model. The role of the US and German GDP growth, prices of raw materials, ECB monetary policy, and domestic policy is analyzed in the ...
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The Case for Public Investment in the EU IES Policy Brief Issue 2019/06, May 2019
... public debt dynamics and to understand the available fiscal space for public finances is the differential between the interest rate paid on additional debt and the expected growth ...the debt ...
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Fiscal policy, eurobonds and economic recovery: some heterodox policy recipes against financial instability and sovereign debt crisis
... private debt crisis into a sovereign debt ...public debt dynamics; (ii) strong institutional discontinuity such as EU financial assistance to member countries may prove to be the only way to ...
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Recurrent explosive behaviour of debt to GDP ratio
... to debt-to-GDP ratio is a viable alternative to the traditional, left- sided sustainability ...explosive debt dynamics in three countries with a long fiscal ...of debt-to- GDP ratio does not ...
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European Economy Quarterly report on the euro area 2011 Volume 10 No 3/2011
... sovereign debt being one of the main issues at the heart of the crisis, the current edition has made public debt dynamics its main ...the debt situation is given in both short and medium-term ...
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The simple macroeconomics of North and South in EMU. Bruegel Working Paper 2012/12, 30 July 2012
... The stock component - that represents the negative effect of domestic disinflation on the out- standing stock of debt - is always worsening the debt dynamics. In a country that has independent ...
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Government debt, fiscal rules and singular growth dynamics
... government debt dynamics is ...or debt, has also an aggregate effect over the cost of capital that can partially or totally offset the positive effect of exter- nalities’ ...
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The dynamics of Italian public debt: Alternative paths for fiscal consolidation
... macroeconomic model. The role of international macroeconomic variables such as the US GDP growth, prices of raw materials, EUR/USD exchange rate, and ECB monetary policy stance and domestic policy instruments is analyzed ...
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Sustainability of Sudan External Debt up 2015 and beyond
... of debt is too large, the expected interest payments are a positive function of ...external debt and negligible benefits from the HIPCs initiative so ...the debt overhang ...external debt ...
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European Economy Quarterly report on the euro area 2012 Volume 11 No 3/2012
... (external) debt-contingent interest rate premium, which over the estimation period is very small, reflecting the continuous build-up in external debt without a strong equilibrating ...
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