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authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …
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The purpose of this paper is to analyze sustainability issues of Japan%u2019s fiscal policy and then to discuss the … authority of Japan because it has accumulated the debt outstanding much more than other countries …
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Der Autor ist Honorarprofessor an der Deutschen Universität für Verwaltungswissenschaften in Speyer. Er bringt viel Verwaltungserfahrung als ehemaliger Beigeordneter, Stadtkämmerer und Geschäftsführer des Städtetages in Rheinland-Pfalz mit. In 10 Kapiteln analysiert er die Situation der...
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The importance of liquidity and insolvency for nation states and banks has been highlighted by current economic woes in … full circle. Discussing some modern authors, it is argued that the concepts of liquidity and insolvency are connected …
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Blanchard (2005) suggested that active interest rate policy might induce unstable dynamics in highly-indebted economies. We examine this in a dynamic general equilibrium model where Calvo-type price rigidities provide a rationale for inflation stabilization. Unstable dynamics can occur when the...
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