[HTML][HTML] Does government spending efficiency improve fiscal sustainability?
We evaluate the impact of government spending efficiency on fiscal sustainability and fiscal
reaction function coefficients for a panel of 35 OECD countries during the period of 2007 …
reaction function coefficients for a panel of 35 OECD countries during the period of 2007 …
A non-linear model of public debt with bonds and money finance
In this paper, we study the dynamic relationship between the public debt ratio and the
inflation rate. Using a non-linear macroeconomic model of difference equations, we analyze …
inflation rate. Using a non-linear macroeconomic model of difference equations, we analyze …
Creating a safe asset without debt mutualization: the opportunity of a european debt agency
This paper analyses the potential of a European Debt Agency (EDA) as an efficient debt
management institution for the Euro area. The simulation of prices and quantities that would …
management institution for the Euro area. The simulation of prices and quantities that would …
An Analysis of the Sustainability Issues of US Treasury Bonds—A Study Based on the Vector Error Correction Model and Trend Forecasting
G Ma, Y Cui - Journal of the Knowledge Economy, 2024 - Springer
Based on the fiscal and economic data of the United States from 1962 to 2022, this paper
first studies and analyzes the long-term equilibrium relationship and short-term fluctuation …
first studies and analyzes the long-term equilibrium relationship and short-term fluctuation …
Stabilising market expectations through a market tool: a proposal for an enhanced TPI
This paper puts forward a proposal to complete the ECB Transmission Protection Instrument
(TPI) with the aim of making it more effective in anchoring the yields of European sovereign …
(TPI) with the aim of making it more effective in anchoring the yields of European sovereign …
[HTML][HTML] European sovereign debt risk management: The role of a European Debt Agency
This paper proposes the establishment of a European Debt Agency (EDA) as a tool for the
efficient management of Eurozone public debt, to address two primary risks: roll-over and …
efficient management of Eurozone public debt, to address two primary risks: roll-over and …
Managing sovereign debts held by the ESCB: operational and legal constraints
S Micossi - CEPS Policy Insights, 2022 - papers.ssrn.com
Following the proposal by Avgouleas and Micossi (2021) and Micossi (2021), several
authors (Amato and Saraceno 2022, Baglioni and Bordignon 2022, Cottarelli and Galli …
authors (Amato and Saraceno 2022, Baglioni and Bordignon 2022, Cottarelli and Galli …
The European Economic Transition before, during, and after the Pandemic through the War in Ukraine
P Maranzano, R Romano - Forum for Social Economics, 2023 - Taylor & Francis
In this paper, we employ a qualitative and quantitative analysis of European Union (EU)
economic policies that were implemented to navigate the shocks generated by the 2020 …
economic policies that were implemented to navigate the shocks generated by the 2020 …
Nonlinearity, Endogeneity, and Interaction: Implications for European Reform of Budgetary Rules
A Bellocchi, G Travaglini - Italian Economic Journal, 2024 - Springer
EU fiscal rules have been suspended until 2024. European policymakers are considering
whether to reinstate the existing fiscal rules or to define a new framework. Member States …
whether to reinstate the existing fiscal rules or to define a new framework. Member States …
The impact of shocks and policies on debt-to-GDP ratio dynamics: a multisectoral approach
The dynamics of debt-to-GDP ratio is one of the major elements scrutinized by policymakers,
especially in the present context characterized by the sequence of global financial crises …
especially in the present context characterized by the sequence of global financial crises …