Fiscal rules, bailouts, and reputation in federal governments
Expectations of transfers by central governments incentivize overborrowing by local
governments. In this paper, we ask if fiscal rules can reduce overborrowing if central …
governments. In this paper, we ask if fiscal rules can reduce overborrowing if central …
Reputation, bailouts, and interest rate spread dynamics
A Dovis, R Kirpalani - American Economic Journal: Macroeconomics, 2022 - aeaweb.org
We propose a joint theory for interest rate dynamics and bailout decisions. Interest rate
spreads are driven by time-varying fundamentals and expectations of future bailouts. Private …
spreads are driven by time-varying fundamentals and expectations of future bailouts. Private …
[PDF][PDF] La gobernanza fiscal de las Comunidades Autónomas. Una valoración crítica de su estado actual con perspectivas de reforma
DM López - Investigaciones Regionales-Journal of Regional …, 2020 - redalyc.org
Este artículo ofrece una valoración crítica del estado actual de la normativa sobre
estabilidad presupuestaria aplicable a las CCAA españolas. En particular, se concentra en …
estabilidad presupuestaria aplicable a las CCAA españolas. En particular, se concentra en …
[PDF][PDF] 12 A new fiscal and monetary framework for the EMU? The EU presidents' roadmap in 2018
R Marimon - The EMU after the Euro Crisis: Lessons and …, 2018 - cadmus.eui.eu
In December 2012, almost in the midst of the euro crisis, Herman. Van Rompuy, in
collaboration with three other presidents of the EU, traced out a roadmap “Towards a …
collaboration with three other presidents of the EU, traced out a roadmap “Towards a …
Bailouts, Inflation, and Risk-Sharing in Monetary Unions
M Greenblatt - Atlantic Economic Journal, 2020 - Springer
This paper presents a new rationalization for bailouts of sovereign debt in monetary unions,
such as those observed during the recent Euro crisis. It introduces a model where member …
such as those observed during the recent Euro crisis. It introduces a model where member …
[PDF][PDF] 7 Reassessing tax policies and tax coordination: The case for a tax on automation
P Teles - The EMU after the Euro Crisis: Lessons and …, 2018 - cepr.org
One of the fiscal challenges in Europe, as in the rest of the developed world, is how to deal
with the social impact of widespread automation. How can we make sure that the benefits …
with the social impact of widespread automation. How can we make sure that the benefits …