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"Close to Balance or in Surplus": A Policy Maker's Guide to the Implementation of the Stability and Growth Pact
Artis, Michael J; Buti, Marco - C.E.P.R. Discussion Papers - 2000
Under the Stability and Growth Pact, countries are committed to achieving medium-term budget positions of “close to …
Persistent link: https://www.econbiz.de/10005067360
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Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU
Eijffinger, Sylvester C W; Governatori, Matteo - C.E.P.R. Discussion Papers - 2004
size of deficit taking into account the two main rules of the Stability and Growth Pact on public finance. Unlike previous …
Persistent link: https://www.econbiz.de/10005789061
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Revisiting the Stability and Growth Pact: Grand Design or Internal Adjustment?
Buti, Marco; Eijffinger, Sylvester C W; Franco, Daniele - C.E.P.R. Discussion Papers - 2003
The Stability and Growth Pact is under fire. Problems have appeared in sticking to the rules. Proposals to reform the …
Persistent link: https://www.econbiz.de/10005791638
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Defying the 'Juncker Curse’: Can Reformist Governments Be Re-elected?
Biroli, Pietro; Buti, Marco; Turrini, Alessandro Antonio; … - C.E.P.R. Discussion Papers - 2008
European policy makers, notably in the euro area, seem to take for granted that the electorate will punish them for bold reform in product and labour markets. This may explain why progress in the euro area has been comparatively limited. This paper posits and, using a dataset for 21 OECD...
Persistent link: https://www.econbiz.de/10005661620
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Legal Institutions, Innovation and Growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - C.E.P.R. Discussion Papers - 2011
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal … excessive (greater than first-best) R&D investment and output growth. …
Persistent link: https://www.econbiz.de/10009148877
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Workers' remittance inflow, financial development and economic growth : a study on Bangladesh
Masuduzzaman, Mahedi - In: International journal of economics and finance 6 (2014) 8, pp. 247-267
Persistent link: https://www.econbiz.de/10010399752
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Prospects of bilateral trade between India and Bangladesh
Sikdar, Chandrima - In: Foreign trade review : quarterly journal of Indian … 41 (2006) 1, pp. 27-45
Persistent link: https://www.econbiz.de/10003368581
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How Large Are the Effects of Tax Changes?
Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2009
We use the time series of shifts in U.S. Federal tax liabilities constructed by Romer and Romer to estimate tax multipliers. Differently from the single-equation approach adopted by Romer and Romer, our estimation strategy (a Var that includes output, government spending and revenues, inflation...
Persistent link: https://www.econbiz.de/10005082536
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Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008
Ponticelli, Jacopo; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2011
Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine the extent to which societies become unstable after budget cuts. The results show a clear correlation between fiscal retrenchment and instability. We test if the relationship...
Persistent link: https://www.econbiz.de/10009201119
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Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy
Favero, Carlo A.; Giavazzi, Francesco; Perego, Jacopo - C.E.P.R. Discussion Papers - 2011
This paper shows how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of our empirical analysis is that the question 'what is the fiscal policy...
Persistent link: https://www.econbiz.de/10009201121