Since the second half of 2011, after a period of prolonged low growth, Italy has found itself at
the center of a severe economic crisis. Concerns about the sustainability of its debt burden …

The ongoing fiscal and financial crisis with significant macroeconomic imbalances in the
euro area raises the question in how far public–private wage interaction and even wage …

South Africa runs a primary fiscal deficit and the long-term interest rate on government
borrowing, r, is greater than the long-term economic growth rate, g. Without intervention …

What advice can be given to the policymaker to reduce the burden of public debt after a
crisis? In this situation, the debt consolidation calls for fiscal surplus based on increases in …

We analyze the convergence of interest rates in the European Monetary System (EMS) in a
novel framework of changing persistence. Due to the specific historical situation in the EMS …

本文从研究内容和研究方法上综述了学术界对财政稳固非凯恩斯效应的最新研究动态,
并基于此系统地总结了非凯恩斯效应的传导渠道和关键影响因素. 从研究内容上看 …

The Malaysian debt has been under scrutiny since the 1Malaysia Development Berhad
(1MDB) scandal; placing pressure on the research for sustainable debt. The purpose of this …

Waqf was the provider of public goods, mixed public goods, and social services in Islamic
history. In present economies, the goods and social services are provided by the …

We explore sustainable paths out of a debt trap with a highly stylized two-sector differential
equations model for the stocks of money in Government and Society. The model fits the data …

This paper analyses the impact of monetary and fiscal policies' interaction on the financial
stability of the eurozone. Based on the construction of a financial stability index for the entire …