The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that links current stimulus to...

The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that links current stimulus to...

The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that links current stimulus to...

1999 wurde die sogenannte HIPC-Initiative zugunsten der ärmeren Länder, von der Weltbank und dem IWF 1996 ins Leben gerufen, erheblich erweitert. Die Initiative zielt darauf ab, die Bekämpfung der Armut ins Zentrum der internationalen Entwicklungszusammenarbeit und der nationalen...