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Sustainability of Public Debt
  • Language: en
  • Pages: 280

Sustainability of Public Debt

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and six EU countries is sustainable--that is, whether fiscal policies in these countries can be continued without creating the potential for government bankruptcy. The sustainability of public debt presents a challenge not only to public policy design but also to economic theory. This collection is the first book-length analysis of the theoretical foundations of public debt sustainability concepts and thei...

Economics today
  • Language: en
  • Pages: 304

Economics today

The standard work for business schools, colleges and universities as well as for continuing education courses has enjoyed great acceptance among lecturers and students for many years. The new edition is up to date, comprehensible in language and structure, undogmatic and practical. In addition to its topicality, the special features of this book include: Interviews:Each chapter ends with an interview with personalities from politics, business and academia on current issues.Digressions: They serve to link economic theories with practice."Economic thinking": Economics is not only content, but also a model of thinking. Therefore, at the end of each chapter, typical economic ways of thinking are...

Central Bank Communication, Decision Making, and Governance
  • Language: en
  • Pages: 327

Central Bank Communication, Decision Making, and Governance

  • Type: Book
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  • Published: 2013
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  • Publisher: MIT Press

Experts analyze the recent emphasis on central communication as an additional policy and accountability device.

Public Capital Expenditure in OECD Countries
  • Language: en
  • Pages: 216

Public Capital Expenditure in OECD Countries

This text focuses on government investment in physical capital within a macroeconomic context, examining the consequences of the decline in public investment on such physical assets as infrastructure and the environment. A review of existing literature is included.

The Oxford Handbook of the Economics of Central Banking
  • Language: en
  • Pages: 809

The Oxford Handbook of the Economics of Central Banking

"The Handbook reflects the state of the art in the theory and practice of central banking. It covers all the essential areas that have come under scrutiny since the global financial crisis of 2007-9"--

Central Bank Communication, Decision Making, and Governance
  • Language: en
  • Pages: 318

Central Bank Communication, Decision Making, and Governance

  • Type: Book
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  • Published: 2013-05-31
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  • Publisher: Unknown

Experts analyze the recent emphasis on central communication as an additional policy and accountability device. In recent years central bankers have placed new emphasis on communication with financial markets and the general public. They have done this not only through the traditional channel of monetary policy pronouncements but also by increasing the quantity of information they make public. Yet as central banks strive to provide more and clearer information about the outlook for the economy, they must balance their capacity to steer economic expectations with their natural caution about committing to future monetary policy paths. This volume offers a variety of perspectives on the economi...

The Information Content of KOF Indicators on Swiss Current Account Data Revisions
  • Language: en
  • Pages: 28
Ifo Survey Data in Business Cycle and Monetary Policy Analysis
  • Language: en
  • Pages: 224

Ifo Survey Data in Business Cycle and Monetary Policy Analysis

A pilot ?ying to a distant city needs to check his position, ?ight path and weather conditions, and must constantly keep his plane under control to land safely.TheIfosurveydataprovideadvanceinformationonchangingeconomic weather conditions and help keep the economy under control. To be sure, by their very nature they only provide short-term information. But like a plane, the economy will not be able to reach its long-term goals if it strays o? course in the short term. The Ifo survey data provide the most comprehensive and accurate, - to-date database in Europe on the state of the business cycle, and the Ifo climate indicator, sometimes simply called “The Ifo”, is the most frequently cited indicator of its kind in Europe. Both the European stock market and theeuroreacttoourindicator.Ifo’smethodologyfordeterminingthebusiness climateindicatorhasbeenexportedtomorethan?ftycountries,mostrecently toTurkeyandChina.TheIfopeoplewereproudtohavebeenaskedtohelpset up polling systems in these countries. It is said that the Chinese government relies more on their “Ifo indicator” than on their o?cial accounting statistics.

Output Responses to Infrastructure Investment in the Netherlands, 1850-1913
  • Language: en
  • Pages: 38

Output Responses to Infrastructure Investment in the Netherlands, 1850-1913

  • Type: Book
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  • Published: 1995
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  • Publisher: Unknown

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Ifo Survey Data in Business Cycle and Monetary Policy Analysis
  • Language: en
  • Pages: 244

Ifo Survey Data in Business Cycle and Monetary Policy Analysis

  • Type: Book
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  • Published: 2005
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  • Publisher: Elsevier

The business surveys of the Ifo Institute (short for Information and Forschung) are internationally renowned. Every month close to 7,000 enterprises are questioned on their short-term planning and their appraisals of the actual and future business situation. The confidence indicator frequently referred to as the Ifo Business Climate Index is derived from the responses to this Ifo Business Survey. While the Index attracts a lot of attention by practitioners (especially financial market analysts), the use and empirical exploitation of this and other components of Ifo business surveys is – amongst academics – still relatively scarce. The present volume, based on a conference entitled "The Academic Use of Ifo Survey Data", gives examples of timely research questions which can be addressed by qualitative survey data like the monthly Ifo Business Survey. It shows that this type of real-time data can be very informative when it comes to forecasting real economic activity or exploring monetary policy transmission.