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The paper compares fiscal cyclicality across regions and countries from 1960 to 2016. It finds that more than half of 170 countries analyzed in seven regions had, in more recent years, limited fiscal space, and that their fiscal policy was either cyclical or procyclical. This was particularly...
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Dieses Buch betrachtet die Entwicklung der funktionalen und personellen Einkommensverteilung und deren Verortung im … funktionalen und zur personellen Einkommensverteilung dargestellt. Ansätze der Mainstream-Ökonomie werden heterodoxen Ansätzen … betrachtet, konkret wird die Entwicklung der funktionalen bzw. personellen Einkommensverteilung in insgesamt 14 Ländern zwischen …
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Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...
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