This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.

The aim of this article is to assess the sustainability of fiscal policy in 18 developing and emerging countries, using the recursive algorithm developed by Croce and Juan-Ramón (2003). In general, the results suggest that most countries were identified as presenting large unsustainable fiscal...

We consider an overlapping generations closed economy in which a government finances the cost of public good provision by labor income taxation and/or public debt issuance. The size of these public policies is determined in a repeated probabilistic voting game. We investigate the characteristics...

This paper studies the causes and consequences of political centralization and fragmentation in China and Europe. We argue that the severe and unidirectional threat of external invasion fostered political centralization in China while Europe faced a wider variety of smaller external threats and...

Management information system can be compared to the nervous system of a company. Its malfunction may cause adverse effects in many different areas of the company. Information Security Management is understood as tool of the information confidentiality, availability and integrity assurance. An...

The study on workload of public health nurses conducted during 2011-12 with the questions on three aspects of workload namely, role overload, role stagnation, self role distance (RODS). The study was conducted in five districts of Kerala using a self administered questionnaire during 2011-12....

This study investigates the relationship between financial development, economic growth and poverty reduction in Bangladesh using quarter frequency data over the period of 1975-2011. This issue is of importance for developing economics, since the role of financial sector in mobilizing and...

La simpleza de los rankings mundiales de la felicidad ha facilitado su acogida en los debates sobre políticas públicas, que están ávidos por incorporar nuevas medidas del bienestar de las sociedades. Lamentablemente, éstos han sido interpretados de forma poco cuidadosa, tratando las...

This paper derives several simple matching algorithms for special cases of a continuous two sided matching model where agents have single peaked preferences and face no costs or restrictions to matching. These algorithms allow matches to be computed as an explicit function of the parameters of...

Oradea, an important cultural, economic and administrative town at the Western border of Romania, is known as an academic center since 1780 through its area of operation for over two centuries of the Academy of Law. The Romanian age of higher education institutions has proven to be a step in...