Government debt
Government Debt Reduction in the USA and Greece: A Comparative VECM Analysis
... of debt. In Greece, the increase in debt led to the implementation of austerity measures as a cure to the crisis while the USA implemented the fiscal ...General Government Debt (GDEBT), which ...
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The risk premium on brazilian government debt, 1996-2002
... on government securities as a benchmark to measure risky assets issued by private ...public debt. As public debt increases, the market may start wondering whether or not the government ...
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António Afonso José Alves The Role of Government Debt in Economic Growth
... public debt on economic ...of government debt on that same ...through debt, because the excess burden of taxation depends on the square of the tax ...the government spending-labour ...
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Determinants of non-resident government debt ownership
... of government debt ownership between resident and non-residents, with the focus in the case of a small open economy: ...public debt held by non-residents and public debt held by residents, ...
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Fiscal reform and government debt in Japan: a neoclassical perspective
... Endogenous labor choice ⇒ consumption and labor income taxes are distorting.. “Fiscal Sustainability Rule” insures that intertemporal government budget constraint is satisfied...[r] ...
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Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies
... Regarding the S&P notations, the best models seem to be S2 and S3 of Table 5. The two models, vis-à-vis model S1, for instance, enhance the role of the variables that try to capture the information from the default ...
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Determinants of sovereign bond yield spreads in the EMU: an optimal currency area perspective
... expected government debt-to-GDP differentials are significant only at a 10 percent level and turn out to be the least important determinant of the sovereign bond yield spread, while expected budget balance ...
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School of Economics and Management
... sovereign debt crisis as well as in the effects on the macroeconomic environment, and on its linkages with the financial and capital ...public debt and made it difficult to rollover the outstanding stock of ...
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António Afonso, Raquel Balhote Interactions between Monetary Policy and Fiscal Policy
... However, these Maastricht provisions did not seem to be sufficient enough to deal with excessive deficits, which led to the formation of other procedures to complement the creation of the Economic and Monetary Union ...
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An RBC Model with a rich fiscal sector
... purposes, government debt is omitted from the analysis through the adjustment of lump-sump ...public debt issuing theory, the fiscal section of the model economy in the present study is grounded on ...
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Stock-Flow Adjustments and Interest Rates
... 2008 government debt and fiscal policy dynamics in the context of the financial and economic crisis, have been widely discussed and addressed in the institutional forum and in the literature, and some ...
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Public debt management before, during and after the crisis
... public debt, as is shown by the examples of Ireland, Hungary and the ...sovereign debt crisis, but it did come upon obvious problems in meeting the government borrowing ...the government, ...
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Macroeconomic Determinants of the Stock Market Index and Policy Implications: The Case of a Central European Country
... the government debt and the foreign interest rate are considered and ...the government debt to GDP, the nominal effective exchange rate and the German stock market index, is negatively ...
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WO R K I N G PA P E R S E R I E S
... external debt, level of economic development, and default ...the government conducts its fiscal policy, budget balance and government debt can also be relevant, as well as variables that ...
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GOVERNMENT INDEBTEDNESS AND EUROPEAN CONSUMERS BEHAVIOUR
... cent debt-to- GDP ratio was used (see Tables 3 and ...of government debt, on private consumption, seems to be more ...if government indebtedness is more mitigated, or may raise private ...
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A Longer-run Perspective on Fiscal Sustainability
... instance, government debt increased in Italy from an average of ...its debt level in ...Japan’s debt increased by about ...Japan government debt has surpassed 100% of GDP, an ...
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Public debt indexation and denomination, the case of Brazil: a comment
... of government debt must include some liabilities that are state contingent in real ...the debt is that a more diversi…ed asset structure allows for more risk sharing, moving towards the completion of ...
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How much debt is too much debt?: an empirical analysis on EMU Countries
... of debt appears to be difficult to deal with in theoretical terms, to better understand this issue, one has to be aware of the theoretical views on this ...on government debt: the ...
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Does debt ceiling and government shutdown help in forecasting the us equity risk premium?
... namely government shutdown and debt ceiling. On one hand, government shutdown in the United States politics is the name for the process the Executive Branch must enter into, when the Congress cre- ...
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Government Bond Yield Spreads in EMU Countries: the Story of an Ephemeral Convergence
... Having followed a fixed-effects estimation procedure guaranteed the consistency of our estimates at the cost of preventing us to get a glimpse at individual time-invariant effects. These would encompass sources of ...
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