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No one would argue that the economy in the United States has been faltering in recent years; due in part to global factors, and even with stimulus plans offered by the Federal Government, there is increased burden on states to find forms of revenue. More and more, states must compete not only...
Persistent link: https://www.econbiz.de/10009455869
Die Staatsverschuldung vieler industrialisierter Länder hat seit Anfang der siebziger Jahre drastisch zugenommen. Zwar waren die meisten Länderhaushalte in der Zeit vom Ende des Zweiten Weltkriegs bis in die frühen siebziger Jahre durch eine deutliche Abnahme der Staatsverschuldung...
Persistent link: https://www.econbiz.de/10009471835
election mechanism with these contracts is a new idea to make politicians more accountable. Two types of incentive contracts … Verträge sollen die durch die Wahl ausgeübte Kontrolle der Politiker unterstützen.Es werden zwei Arten von Anreizverträgen …
Persistent link: https://www.econbiz.de/10009476167
This dissertation contributes to the theoretical understanding of the determinants and consequences of productive government activity for the economic performance of a country’s economy. Chapter 2 gives a comprehensive survey of the recent theoretical literature on the link between productive...
Persistent link: https://www.econbiz.de/10009476199
We consider misconceptions about the functioning of the economy as one possible explanation for the emergence of crises in democracies. Furthermore, we study a political process which may lead to successful reform. First of all, we show that voters can make inefficient decisions concerning...
Persistent link: https://www.econbiz.de/10009476265
Persistent link: https://www.econbiz.de/10009449712
Wechselkursregime, langfristig tragbar sind. Mitte der 90er Jahre fand diese Sichtweise in der Debatte um die Wahl des geeigneten … zu bekräftigen. Statt der herkömmlichen Herangehensweise zur Begründung der Wahl von Wechselkursregimen, wird hierzu ein … Ausführungen von Teil 1 der Arbeit, dass die Wahl des Wechselkursregimes keineswegs nur durch ökonomische sondern auch politisch …
Persistent link: https://www.econbiz.de/10009451145
The approach is based on the finding that new generations of currency crises theories always had developed ex post after popular currency crises. Discussing the main theories of currency crises shows their disparity: The First Generation of currency crises models argues based on the assumption...
Persistent link: https://www.econbiz.de/10009433694
Since the beginning, central banks have used a wide range of instruments to achieve their ultimate purpose of price stability. One measure in the authorities’ toolbox is a foreign exchange market intervention. The discussion about this instrument has come a long way. So far, the discussion...
Persistent link: https://www.econbiz.de/10009433706
Exchange rate movements affect exports in two ways -- its depreciation and its variability (risk). A depreciation raises exports, but the associated exchange rate risk could offset that positive effect. The present paper investigates the net effect for eight Asian countries using a dynamic...
Persistent link: https://www.econbiz.de/10009430110