Results 81 to 90 of about 803,057 (251)
Discretionary policy in a monetary union with sovereign debt [PDF]
This paper examines the interactions between multiple national fiscal policy- makers and a single monetary policy maker in response to shocks to govern- ment debt in some or all of the countries of a monetary union.
Campbell Leith, Simon Wren-Lewis
core
From Ecosystem Threats to Balance Sheets: Biodiversity Risks Exposure and Corporate Cash Policies
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates how firms strategically respond to biodiversity risk by examining their cash holding decisions. Using firm‐level data from China, we find that firm‐level biodiversity risk exposure significantly increases corporate cash holdings.
Jing Hao +4 more
wiley +1 more source
Markov-Perfect Optimal Fiscal Policy: The Case of Unbalanced Budgets [PDF]
We study optimal income taxation and public debt policy in a neoclassical economy populated by infinitely-lived households and a benevolent government. The government makes sequential decisions on the provision of a valued public good, on income taxation
Joana Pereira, Salvador Ortigueira
core
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines the economic consequences of Digital Technologies Disclosure (DTD), focusing on its impact on the cost of capital. The increasing significance of digital transformation in shaping corporate strategies and market perceptions motivates the study.
Hussein Mohsen Saber Ahmed +2 more
wiley +1 more source
The Effectiveness of Government Debt for Demand Management: Sensitivity to Monetary Policy Rules [PDF]
We construct a staggered-price dynamic general equilibrium model with overlapping generations based on uncertain lifetimes. Price stickiness plus lack of Ricardian Equivalence could be expected to make an increase in government debt, with associated ...
Guido Ascari, Neil Rankin
core
Towards a public debt policy in Italy
PSL Quarterly Review, 2013 This paper represents the full report of a committee chaired by Luigi Spaventa, prepared for and presented to the Italian Treasury ministry in July 1989.
L. SPAVENTA
doaj +1 more source
Greening Under Pressure: Climate Change Exposure and Eco‐Innovation
Business Strategy and the Environment, EarlyView.ABSTRACT This study explores the impact of climate change exposure on corporate eco‐innovation. Recognizing the urgent need to address climate change, we examine how firms directly respond to climate risks through eco‐innovation. Our findings indicate that climate change exposure is positively associated with corporate eco‐innovation.
Pietro Perotti +2 more
wiley +1 more source
Public Debt Dynamics and Debt Feedback [PDF]
We study the dynamics of U.S. public debt in a parsimonious VAR. We find that including debt feedback ensures the stationarity of debt while standard VARs excluding debt may imply an explosive debt path.
Fuad, Hasanov, Reda, Cherif
core +1 more source
Sovereign default and monetary policy tradeoffs [PDF]
, 2018 The paper is organized around the following question: when the economy moves from a debt-GDP level where the probability of default is nil to a higher level—the “fiscal limit”—where the default probability is non-negligible, how do the effects of routine
Bi, Huixin +2 more
core +1 more source
What Has Financed Government Debt? [PDF]
Equilibrium models imply that the real value of debt in the hands of the public must equal the expected present-value of surpluses. Empirical models of fiscal policy typically do not impose this condition and often do not even include debt.
Eric Leeper, Hess Chung
core +3 more sources