government debt
Fiscal Sustainability of Japanese Prefectural Government Debt
... additional government expenditures. Meanwhile, debt crises in Greece, Ireland, and Portugal have focused on financial reform in the ...local government debt to GDP is relatively high compared ...
5
Sustainable Government Debt: The Case Of Poland
... After the oil-crisis in the first half of the 1970s, and also after the financial crisis starting at the end of 2008, there have been periods with low, and even negative economic growth, and also some periods with high ...
8
Reducing Government Debt in the Presence of Inequality
... the debt/GDP ratio that maximizes overall welfare is positive, which confirms our results that the costs of debt reductions over the transition are ...of government debt, both in the ...
37
Gap-filling government debt maturity choice
... My government bond data base is complemented by government-level data on macroeconomic conditions from Datastream and Bloomberg at quarterly, or yearly ...government’s debt/GDP ratio, the total ...
66
On the irrelevance of government debt when taxes are distortionary $
... the government sets a 30% tax on current labor income to be paidnow, or a 15% tax to be paidnow andan additional 15% tax that is based on today’s income, but can be paid in the ...of government debt ...
6
State and Local Government Debt: An Analysis
... public debt has important economic consequences that extend beyond the comparative metrics presented in this ...surrounding government debt and its impact on the financial markets and the ...which ...
30
Dematerialization of Turkish Government Debt Instruments
... • Capital Markets Board decision for migration of investor’s government debt holdings to a segregated investor account at the Central Registry Agency (CRA) from omnibus client account [r] ...
16
Government debt and optimal monetary and fiscal policy
... of government debt a¤ect the optimal con- duct of monetary and …scal policies? And what do these optimal poli- cies imply for the evolution of government debt over time? To provide an answer, ...
33
The Sustainability of Japan’s Government Debt: A Review
... the government debt-to-GDP ratio becomes ...the government debt-to-GDP ratio into some finite level under a certain assumption of economic ...the government should maintain the primary ...
14
Nominal targeting in an economy with government debt
... nominal government debt gives rise to a substantial ‘debt stabilization bias’, which depends upon both the level and maturity of government debt (Leeper and Leith, 2016) as policy ...
43
Wealth inequality and the optimal level of government debt
... impact government debt has on welfare via efficiency losses and the income composition channel overrides the positive effect of additional ...the government should optimally provide additional ...
33
Reducing Government Debt in the Presence of Inequality
... Nicola Fuchs-Sch¨ undeln, Wouter den Haan, John Hassler, Marcus Hagedorn, Jonathan Heathcote, Kenneth Judd, Leo Kaas, Timothy Kehoe, Nobuhiro Kiyotaki, Felix K¨ ubler, Alex Michaelides, Dirk Niepelt, V´ıctor R´ıos-Rull, ...
50
Polish local government debt refinance
... local government debt, was deter- mined by the conviction that this field of research has not yet been sufficiently ...public debt, including local government debt, and examination of ...
16
Local Government Debt Limit: Forecast and Management
... equilibrium debt rate should be 30% - 35% as the control target, with a ceiling of ...general debt limit and the special debt limit in local government debt through the portion of local ...
11
The size and composition of government debt in the euro area
... of government debt in terms of maturity, indexation, currency and investor base infl uences both a government’s costs and the risks related to the rollover of outstanding government ...A ...
47
Government Debt Expansion and Stock Returns
... denominated debt in times of ...eign debt, making the likelihood of default appreciably ...public debt stocks by GDP. By regarding all non-external debt as domestic, we further create a ...
15
Local government debt: an application to the Spanish case
... 1999 y 2002; Álvarez and Salinas, 2002 y 2003). In Escudero and Prior (2002) the local government debt and its control in 1995 and 1996 are analysed. Their results confirm that decentralized local ...
17
GOVERNMENT DEBT MANAGEMENT AT
... for debt management. Consider a government with an initial accumulated deficit and no future expenditures that must decide whether to finance the deficit by issuing short- or long-term ...the ...
55
The Impact of Food Crisis on Government Debt in the Arab Region
... on government debt before 2006, a 1% point increase in GDP growth rate reduced budget deficit by almost ...in debt servicing cost by 1% point caused an increase in budget deficit by ...of debt ...
11
The Liquidation of Government Debt
... of debt restructuring takes the form of “financial ...to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital ...
66