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On the Solvency of Nations : Cross-Country Evidence on the Dynamics of External Adjustment
Durdu, Ceyhun Bora - 2012
We test the hypothesis that net foreign asset positions are consistent with external solvency and examine the dynamics of external adjustment using data for 50 countries over the 1970-2006 period. Our analysis adapts Bohn's (2007) error-correction reaction function approach--which tests for a...
Persistent link: https://www.econbiz.de/10013100678
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Sustainable Cooperation in Global Climate Policy : Specific Formulas and Emission Targets to Build on Copenhagen and Cancun
Bosetti, Valentina - 2013
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming...
Persistent link: https://www.econbiz.de/10013091941
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
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Undisclosed Debt Sustainability
Alfaro, Laura - 2019
sustainability. Disclosure of nontraditional debt would imply significant welfare gains for the recipient countries but would reduce … its sustainability. We discuss the implications of nontraditional lending on standard assumptions of sovereign debt models …
Persistent link: https://www.econbiz.de/10012861729
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Adoption of CSR and Sustainability Reporting Standards : Economic Analysis and Review
Christensen, Hans - 2019
) and sustainability reporting. To frame our analysis, we consider a widespread mandatory adoption of CSR reporting … number of insights that are relevant to the current debate on CSR and sustainability reporting and provides scholars with … standards in the United States. The study focuses on the economic effects of standards for disclosure and reporting, not on the …
Persistent link: https://www.econbiz.de/10012864472
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Sustainability and its Measurement
Heal, Geoffrey - 2011
I present a non-technical high-level review the concept of sustainability and the various approaches to quantifying it …
Persistent link: https://www.econbiz.de/10013125585
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Fiscal Stimulus and Fiscal Sustainability
Auerbach, Alan J. - 2017
sustainability along the metrics we study. Even in countries with high public debt, the penalty for activist discretionary fiscal …
Persistent link: https://www.econbiz.de/10012948076
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An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability
Gluzmann, Pablo - 2018
was certified in March 2017 for fiscal years 2017-18 to 2026-27. Second, we perform a Debt Sustainability Analysis (DSA … that the island's current debt position is unsustainable, and compute the necessary debt relief to restore sustainability …
Persistent link: https://www.econbiz.de/10012907769
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Japanese Government Debt and Sustainability of Fiscal Policy
Doi, Takero - 2011
analyze the sustainability of the fiscal policy. We pursue three approaches to examine the sustainability. First, we calculate …
Persistent link: https://www.econbiz.de/10013121087
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The Environment and Directed Technical Change
Acemoglu, Daron - 2010
This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation....
Persistent link: https://www.econbiz.de/10013150439