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Ever since the outbreak of the sovereign debt crisis, coordinating economic growth with fiscal sustainability has been … of combining and/or coordinating economic growth with fiscal sustainability. As fiscal discipline is a pivotal element of … implemented throughout the globe. The question to be answered, therefore, is whether economic growth and fiscal discipline can be …
Persistent link: https://www.econbiz.de/10010850430
Effects, Fixed Effects with Instrumental Variables, DIF-GMM and SYS-GMM estimators), robustly suggest that economic growth …
Persistent link: https://www.econbiz.de/10009397138
This paper analyses the dynamics of economic growth when the government deficit is money financed. Our model specifies … formation. This gives rise to positive inflation and sustainable growth (positive capital formation). We found there exists … multiple economic growth equilibria. One of these is associated with high growth and low inflation; the other with high …
Persistent link: https://www.econbiz.de/10008512793
Persistent link: https://www.econbiz.de/10005607311
Ever since the outbreak of the sovereign debt crisis, coordinating economic growth with fiscal sustainability has been … economic growth and fiscal discipline can be reconciled? In other words, how does one engage the economy on a growth path in … universal prescription to overcome macroeconomic distortions and open the door to economic growth, or is this just an illusion …
Persistent link: https://www.econbiz.de/10010686910
growth, inflation, fiscal balances and external balances during the 12th Plan period of 2012-13 to 2016-17. The simulation … results indicate that the deregulation policy as such would have adverse impact on the growth as well as on the inflation. But … positive growth effects only in the medium term. Given, the current pass-through policy, one-time oil shock has more intense …
Persistent link: https://www.econbiz.de/10010595755
We examine the relationship between fiscal deficits and per-capita income growth in a panel of 27 European countries … variability of two survey-based economic-sentiment indicators. To help clarifying how fiscal variables impact on growth and to … provide a point of reference for the interpretation of the empirical results a structural growth model is first identified. We …
Persistent link: https://www.econbiz.de/10010718823
by low inflation, robust growth and low level of bureaucratic corruption due to better governance. In contrast, the … corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lacklustre growth. Using annual …
Persistent link: https://www.econbiz.de/10011166989
This paper exploits the significant response of real GDP growth of Sub-Saharan African countries to exogenous …
Persistent link: https://www.econbiz.de/10011065957
This paper addresses the design of the machinery of collective bargaining from the perspective of microeconomic and macroeconomic flexibility. In the former context, somewhat greater attention is given over to enterprise flexibility than external adjustment. In the latter context, close...
Persistent link: https://www.econbiz.de/10011986216