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Public Debt and Public Debt Policy in Germany
1988In post-war Germany for a long period of time public debt was not a subject of economic policy discussion. Government debt related to war-financing had been almost completely cancelled out by the currency reform of 1948, and the new constitution required a balanced budget. Debt financing was only allowed for investment purposes. Accordingly public debt
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INFLATION DEBT AND FISCAL POLICY ATTITUDES
Oxford Economic Papers, 1987porally optimal growth model, where the financing shares are precommitted away from zero and he shows that the existence of endogenous inflation taxes induces non-neutrality. Dornbusch (1977) also considered the mixedfinancing assumption using a non-optimal growth model and established non-neutrality and the increased possibility of instability when ...
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JAPANESE FIRMS’ DEBT POLICY AND TAX POLICY [PDF]
Understanding the effects of marginal tax rate on debt policy is crucial not only for considering various capital structure theories of firms but also for evaluating corporate tax reform proposals. In this empirical study, we have found a positive relation in most cases between the firm-specific marginal tax rates (simulated using the method of Shevlin
Kunieda, Shigeki +2 more
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Economic policy uncertainty and cost of debt financing: International evidence
North American Journal of Economics and Finance, 2021Quoc Trung Tran
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Government economic policy uncertainty and corporate debt contracting
International Review of Finance, 2022Hieu Phan
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Debt and Overindebtedness: Psychological Evidence and its Policy Implications
Social Issues and Policy Review, 2021Stephen E G Lea
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Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy
Journal of Monetary Economics, 2021Ding Liu, Campbell Leith
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Fiscal policy choices of local governments in China: Land finance or local government debt?
International Review of Economics and Finance, 2022Huan Meng
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Fiscal policy in a debt crisis: A model
2015In the existing literature, fiscal policy in times of budget crises is considered above all from an empirical point of view. Until now, no model explaining the processes and forces at work has been developed. This article closes this gap. The model presented is based on the theory of political business cycles and the market discipline hypothesis ...
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