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Using International Finance to Further Conservation: The First 15 Years of Debt-for-Nature Swaps

William K. Reilly

in Sovereign Debt at the Crossroads: Challenges and Proposals for Resolving the Third World Debt Crisis

Published in print:
2006
Published Online:
May 2006
ISBN:
9780195168006
eISBN:
9780199783458
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195168003.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines debt-for-nature swaps and their potential for offsetting sovereign debt. Debt-for-nature swaps originated in the 1980s as a way of preserving natural areas in the developing ... More


United States Then, Europe Now

Thomas J. Sargent

in Rational Expectations and Inflation

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158709
eISBN:
9781400847648
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158709.003.0010
Subject:
Economics and Finance, Economic History

This chapter shows that predicaments facing the European Union today are reminiscent of constitutional decisions the United States faced not once, but twice. It begins with a simple expected present ... More


Six Essays in Persuasion

Thomas J. Sargent

in Rational Expectations and Inflation

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158709
eISBN:
9781400847648
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158709.003.0008
Subject:
Economics and Finance, Economic History

This chapter consists of six essays that use “unpleasant monetarist arithmetic” to interpret events during the 1980s and 1990s in Brazil and the United States. During the 1980s, the United States ... More


Government Debt Management at Low Interest Rates

Robert N. McCauley and Kazuo Ueda

in Taxation and the Financial Crisis

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199698165
eISBN:
9780191738630
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698165.003.0009
Subject:
Economics and Finance, Financial Economics

Debt management can be used at low interest rates to lower bond yields, to provide bank assets and thereby help maintain broad money growth, or to save on interest payments. The US example in the ... More


Interpreting the Reagan Deficits

Thomas J. Sargent

in Rational Expectations and Inflation

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158709
eISBN:
9781400847648
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158709.003.0006
Subject:
Economics and Finance, Economic History

This chapter examines the large net-of-interest deficits in the U.S. federal budget that have marked the administration of Ronald Reagan. It explains the fiscal and monetary actions observed during ... More


Optimal Fiscal Policy in a Linear Stochastic Economy

Thomas J. Sargent and François R. Velde

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

The Lucas and Stokey (1983) economy without capital is used to exhibit features of the Lucas and Stokey model of optimal taxation, and show how they compare with Barro's (1979) tax‐smoothing model. ... More


Prelude to Change, 1970–1979

Ranald C. Michie

in The London Stock Exchange: A History

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199242559
eISBN:
9780191596643
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199242550.003.0012
Subject:
Economics and Finance, Economic History, Financial Economics

The first section of this chapter outlines the growing threats to the London Stock Exchange through the 1970s, including the ability of its members to block new proposals by the Council of the Stock ... More


The Impact of Budget Deficit on Inflation in Egypt

Hanaa Kheir-El-Din

in What Drives Prices in Egypt?: An Analysis in Light of International Experience

Published in print:
2009
Published Online:
September 2011
ISBN:
9789774163036
eISBN:
9781617970344
Item type:
chapter
Publisher:
American University in Cairo Press
DOI:
10.5743/cairo/9789774163036.003.0006
Subject:
Political Science, Political Economy

Theory and empirical evidence offers theoretical background and an empirical literature review of the relationship between budget and deficit and the inflationary process. If monetary policy is ... More


Sustainability, Debt Management, and Public Debt Policy in Japan

Takero Doi, Toshihiro Ihori, and Kiyoshi Mitsui

in Fiscal Policy and Management in East Asia

Published in print:
2007
Published Online:
February 2013
ISBN:
9780226386812
eISBN:
9780226387062
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226387062.003.0012
Subject:
Economics and Finance, South and East Asia

The Japanese government has issued a very huge amount of government debts, making it crucial for the government to implement tight public debt policy. Japan's fiscal situation has deteriorated ... More


Government Debt: A Key Role in Financial Intermediation

Michael Kumhof and Evan Tanner

in Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262182669
eISBN:
9780262282284
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262182669.003.0011
Subject:
Economics and Finance, Econometrics

This chapter argues that the reason why policy makers avoid unanticipated levies on government debt is because government debt plays a key role in financial intermediation. Hence, defaulting or ... More


Development of the Mexican Bond Market

Sara G. Castellanos and Lorenza Martinez

in Bond Markets in Latin America: On the Verge of a Big Bang?

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262026321
eISBN:
9780262269025
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262026321.003.0003
Subject:
Economics and Finance, Econometrics

This chapter analyzes the Mexican bond market. It describes policies that may have contributed to fostering capital markets and analyzes how much of the recent performance of the corporate debt ... More


Debt Dynamics and Fiscal Sustainability

Carlo Cottarelli and Julio Escolano

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter explores the relationship between government debt dynamics and the sustainability of fiscal policies by focusing on gap measures based on the difference between the actual value of a ... More


What Is Stimulus without Debt?

Laurence Seidman

in How to Combat Recession: Stimulus without Debt

Published in print:
2018
Published Online:
May 2018
ISBN:
9780190462178
eISBN:
9780190462208
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190462178.003.0003
Subject:
Economics and Finance, Public and Welfare

Stimulus without debt is a policy that would increase aggregate demand for goods and services in a recession without increasing government debt. Stimulus without debt consists of a transfer (not ... More


The Long Shadow of “Austrokeynesianism”? Public Debt Sustainability in Austria

Reinhard Neck and Gottfried Haber

in Sustainability of Public Debt

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262140980
eISBN:
9780262280495
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262140980.003.0005
Subject:
Economics and Finance, Econometrics

This chapter examines the sustainability of public debt in Austria, and is organized as follows. Section 5.2 describes the present situation of the federal budget in Austria and the historical ... More


How Do Laffer Curves Differ across Countries?

Mathias Trabandt and Harald Uhlig

in Fiscal Policy after the Financial Crisis

Published in print:
2013
Published Online:
September 2013
ISBN:
9780226018447
eISBN:
9780226018584
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226018584.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines how Laffer curves differ across countries in the United States and the EU-14. It shows that the differences between Laffer curves arise solely due to differences in fiscal ... More


Government and the Rest of the World

Dale W. Jorgenson, Richard J. Goettle, Mun S. Ho, and Peter J. Wilcoxen

in Double Dividend: Environmental Taxes and Fiscal Reform in the United States

Published in print:
2014
Published Online:
September 2014
ISBN:
9780262027090
eISBN:
9780262318563
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027090.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter describes the determination of government expenditures, revenues and deficits, and the determination of imports and exports. Taxes are imposed on labor income, capital income, property, ... More


Dr. StrangeLoan: Or, How I Learned to Stop Worrying and Love the Financial Collapse

Aaron S. Edlin

in The Economists' Voice 2.0: The Financial Crisis, Health Care Reform, and More

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231160155
eISBN:
9780231504324
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231160155.003.0018
Subject:
Economics and Finance, Public and Welfare

This chapter describes how the U.S. government came close but missed its chance to solve the problems of debt and taxes. For years, government debt has soared. The Treasury borrowed more and more ... More


Policy Wounds Leave Behind Scar Tissue, 2011–2013

Ashoka Mody

in EuroTragedy: A Drama in Nine Acts

Published in print:
2018
Published Online:
May 2018
ISBN:
9780199351381
eISBN:
9780190873721
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199351381.003.0008
Subject:
Economics and Finance, International, Macro- and Monetary Economics

This chapter addresses the troubling legacies left by the global financial crisis: rising government debt burdens and slower economic growth prospects. In October 2009, debt burdens were surging at ... More


Blueprints for a New Global Financial Architecture

Charles W. Calomiris

in International Financial Markets: The Challenge of Globalization

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226032146
eISBN:
9780226032153
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226032153.003.0008
Subject:
Economics and Finance, International

This chapter discusses the problems associated with the existing global financial architecture and proposes a set of solutions to those problems. These include reformulation of rules governing ... More


Introduction

Laurence Seidman

in How to Combat Recession: Stimulus without Debt

Published in print:
2018
Published Online:
May 2018
ISBN:
9780190462178
eISBN:
9780190462208
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190462178.003.0001
Subject:
Economics and Finance, Public and Welfare

Are we ready to combat the next severe recession? We can be, but we’re not. Experience shows that a huge boost in demand for goods and services can be achieved by a large fiscal stimulus—in ... More


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