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Public Debt and Public Debt Policy in Germany

1988
In 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, 1987
porally 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]

open access: possible, 2011
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, 2021
Quoc Trung Tran
exaly  

Government economic policy uncertainty and corporate debt contracting

International Review of Finance, 2022
Hieu Phan
exaly  

Debt and Overindebtedness: Psychological Evidence and its Policy Implications

Social Issues and Policy Review, 2021
Stephen E G Lea
exaly  

Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy

Journal of Monetary Economics, 2021
Ding Liu, Campbell Leith
exaly  

Fiscal policy choices of local governments in China: Land finance or local government debt?

International Review of Economics and Finance, 2022
Huan Meng
exaly  

Fiscal policy in a debt crisis: A model

2015
In 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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On Debt Policy

Journal of Political Economy, 1944
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