1,580 research outputs found
The fiscal and monetary institutions of CESEE countries. Bruegel Working Paper 2011/02, February 2011
No full textThis working paper by Zsolt Darvas and Valentina Kostyleva examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. Budgetary discipline indexes suggest that fiscal institutions are weaker in most CESEE countries than in non-CESEE OECD countries. these factors call for improved monetary institutions, stronger fiscal rules, and better budgetary procedures
The fiscal and monetary institutions of CESEE countries
No full textThis working paper by Zsolt Darvas and Valentina Kostyleva examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. Budgetary discipline indexes suggest that fiscal institutions are weaker in most CESEE countries than in non-CESEE OECD countries. these factors call for improved monetary institutions, stronger fiscal rules, and better budgetary procedures. A version of this paper presented at the 6th Annual Meeting of CESEE Senior Budget Officials, Budva, Montenegro, 23-24 September 2010.
The fiscal and monetary institutions of CESEE countries
No full textThis working paper by Zsolt Darvas and Valentina Kostyleva examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. A new budgetary discipline index suggests that fiscal institutions are weaker in most CESEE countries than in non-CESEE OECD countries. The sizeable debt/GDP ratio declines in CESEE before the crisis was largely the consequence of a very favourable relationship between the economic growth rate and the interest rate, but such a favourable relationship is not expected in the future. Econometric estimations confirm that better monetary institutions reduce macroeconomic volatility and that countries with better budgetary procedures have better fiscal outcomes.
A version of this publication was also released on the OECD Journal on Budgeting
The euro area's tightrope walk: debt and competitiveness in Italy and Spain
No full text- Competitiveness adjustment in struggling southern euro-area members requires persistently
lower inflation than in major trading partners, but low inflation worsens public debt
sustainability. When average euro-area inflation undershoots the two percent target, the
conflict between intra-euro relative price adjustment and debt sustainability is more severe.
- In our baseline scenario, the projected public debt ratio reduction in Italy and Spain is too
slow and does not meet the European fiscal rule. Debt projections are very sensitive to
underlying assumptions and even small negative deviations from GDP growth, inflation and
budget surplus assumptions can easily result in a runaway debt trajectory.
- The case for a greater than five percent of GDP primary budget surplus is very weak. Beyond vitally important structural reforms, the top priority is to ensure that euro-area inflation does not undershoot the two percent target, which requires national policy actions and more accommodative monetary policy. The latter would weaken the euro exchange rate, thereby facilitating further intra-euro adjustment. More effective policies are needed to foster growth. But if all else fails, the European Central Bank’s Outright Monetary Transactions could
reduce borrowing costs
Tax morale and tax evasion: Social preferences and bounded rationality
No full textWe study a family of models of tax evasion, where a flat-rate tax finances only the provision of public goods, neglecting
audits and wage differences. We focus on the comparison of two modeling approaches. The first is based on optimizing
agents, who are endowed with social preferences, their utility being the sum of private consumption and moral utility. The second approach involves agents acting according to simple heuristics. We find that while we encounter the
traditionally shaped Laffer-curve in the optimizing model, the heuristics models exhibit (linearly) increasing Laffercurves. This difference is related to a peculiar type of behavior emerging within the heuristics based approach: a
number of agents lurk in a moral state of limbo, alternating between altruism and selfishness
Schermi. Immagini, corpi, condivisioni
No full textIn this book the author investigates the digital image proliferation of our times from an interdisciplinary point of view. Starting from the Visual Culture theoretical frame, Valentina Mignano explores the ways in which we interact with the screen, dealing with the "screen experience" in the first years of the network societ
ENTREPRENEURSHIP AND FEMALE ENTREPRENEURSHIP IN MARAMURES COUNTY
No full textInitiating and developing a business involves a considerable risk and a sustained effort in order to defeat the inertia against what is new. The person initiating a business, assuming the responsibility and risk of its development and benefiting from theentrepreneurship, female entrepreneurship, profit, businesses
The use of initial tocolysis and maintenance tocolysis in preterm birth : guideline-based approach or off-label use - a survey on the current application in Switzerland
No full textAuthor Valentina Schedl, BscMasterarbeit Universität Linz 202
Guido Crepax – Valentina – The Shape of Her Time
No full textThe paper will focus on the analysis of Guido Crepax revolutionary comic book character Valentina that belongs to the golden age of the Italian comic-book genre fumetto. The aim is to explore whether Guido Crepax Valentina character was a "living doll" filling male fantasies of her creator or she was a woman empowered by her author struggling for many of the values of the women's culture that feminists today are trying to introduce into the mainstream. It also addresses research questions that focus on comic books and gender and empowerment at the decade of sexual liberation.Through Valentina case study the present paper is going to study an approach on the concept of woman in comics, and touch the border of female empowerment issue in contemporary world taking in consideration that her revolutionary strong and independent figure was born in a society where women have been frequently viewed as passive and represented as inferior to men and where questions of sexuality were considered taboo. Despite the fact that she angered some feminists by the way she was portrayed as an object of male gaze or a damsel in distress, there is nothing anti-feminist about Valentina. The aim here is to uncover feminist themes in the stories of Valentina and to explore what empowered her and made her a contemporary icon of style and symbol of liberated women
Analysis of the interplay of the Orai1 Ca2+ Ion channel and different Ca2+ sensing proteins
No full textAuthor Valentina Hopl, MScDissertation Johannes Kepler Universität Linz 2024Arbeit nach Ablauf der Sperre auf den öffentlichen PCs in den Bibliotheken der JKU+Medizin abrufba
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