Historical Patterns and Dynamics of Public Debt—Evidence From a New Database

Abbas, S. M. Ali; Belhocine, Nazim; El-Ganainy, Asmaa; Horton, Mark

doi:10.1057/imfer.2011.24

Cited by 134 publications

(66 citation statements)

References 18 publications

(12 reference statements)

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“…Following the methodology outlined in Abbas et al (2011), major episodes of debt changes are defined as changes of more than 10 percentage points in the gross public debt-to-GDP ratios while allowing temporary reversals. This allows focusing on sustained changes in the public debt ratio, ignoring intermediate interruptions that are short or small in relation to the duration and size of the episode defined.…”

Section: The Role Of Stock-flow Adjustments In Explaining Large mentioning

confidence: 99%

Stock-Flow Adjustments and Fiscal Transparency: A Cross-Country Comparison

Weber

2012

IMF Working Papers

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Over the past three decades, large and persistent discrepancies between the annual change in public debt and the budget deficit, so-called stock-flow adjustments, were a prominent feature of debt dynamics in many economies. The aim of this paper is to investigate the underlying determinants of such discrepancies and their relationship with fiscal transparency using data for 163 countries. Results show that such discrepancies can only be partly explained by balance sheet effects and the realization of contingent liabilities and that significant differences exist in average stock-flow adjustments across countries reflecting country-specific factors. The more fiscally transparent the country, the smaller these tend to be. The contribution of stock-flow adjustments to increases in debt is likewise smaller in countries with above average fiscal transparency. This may not be coincidental, as a lack of fiscal transparency may make it easier for governments to engage in deceptive fiscal stratagems. JEL Classification Numbers: H60, H63, F34

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Section: The Role Of Stock-flow Adjustments In Explaining Large mentioning

confidence: 99%

Stock-Flow Adjustments and Fiscal Transparency: A Cross-Country Comparison

Weber

2012

IMF Working Papers

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“…6 We use the national debt to GDP ratio as our main variable for governments' fiscal constraints. The variable Debt corresponds to the International Monetary Fund (IMF) public debt to GDP ratio, which we updated with Eurostat data for the years 2012 and 2013 (Abbas, Belhocine, ElGanainy, & Horton, 2011). Because we focus on events around 2008, one might object that the real focus of the Eurocrisis policies was the balance of payments rather than sovereign debt.…”

Section: Protests Crises and Policy Constraintsmentioning

confidence: 99%

The Eurotower Strikes Back

Genovese

Schneider

Wassmann

2016

Comparative Political Studies

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The 2008 global financial crisis came with fears-and, for some, hopes-that a new wave of public mobilization would emerge in industrialized countries. Especially throughout the European Union (EU), the epicenter of the crisis, large protests were expected. Yet, the energy with which social groups mobilized against the proposed austerity measures quickly fizzled. This article provides new evidence for why this was the case. In line with NeoKeynesian theory, we argue that the interest rate adjustments and political announcements of the European Central Bank (ECB) limited the potential for mass unrest in the member states of the Economic and Monetary Union (EMU) affected by the crisis. We provide evidence for our argument with yearly panel data and a new original data set of monthly political protests between 2001 and 2013. Our analyses support the hypothesis that the ECB was able to successfully assuage dissatisfaction with the limited reform options of the Eurozone member states in the wake of the Eurocrisis.

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“…A large number of nonconventional adsorbents such as raw pine and acid treated pine cone powder (Dawood and Sen, 2012,), wheat straw (Zhao et al, 2014), eggshells (Saha et al, 2012), natural coagulants (Patel and Vashi 2012), bael shell (Ahmad and Kumar, 2010), cattail root (Hu et al, 2010), Raphanus sativus peel (Abbas et al, 2011), natural coagulants (Surjana seed powder (SSP), maize seed powder (MSP) and chitosan) (Patel and Vashi, 2012), pomelo fruit peel wastes (Jayarajan et al, 2011) and macauba palm (Acrocomia aculeata) cake (Vieira et al, 2012) have been used for the removal of CR from aqueous solutions.…”

Section: Introductionmentioning

confidence: 99%

Evaluation of Biomass, Indian Jujuba Seed (Ijs) for Removal of Congo Red

Sivaramakrishna

Reddy

Jagadeesh

et al. 2014

American Journal of Environmental Sciences

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The present investigation deals with the removal of Congo Red (CR) from aqueous solution by using Indian Jujuba Seed (IJS) as low-cost biosorbent. The effect of pH and size experimental parameters has been investigated using a Batch adsorption technique. Adsorption data were modeled using Langmuir and Freundlich adsorption isotherms. Adsorption kinetics was verified by pseudo-first order, pseudosecond order and intraparticle diffusion models. The kinetic adsorption data fitted the pseudo-second order kinetic model well and also followed the intraparticle diffusion model. The results indicated that IJS could be employed as low-cost biosorbent in wastewater treatment for the removal of CR.

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Historical Patterns and Dynamics of Public Debt—Evidence From a New Database

Cited by 134 publications

References 18 publications

Stock-Flow Adjustments and Fiscal Transparency: A Cross-Country Comparison

Stock-Flow Adjustments and Fiscal Transparency: A Cross-Country Comparison

The Eurotower Strikes Back

Evaluation of Biomass, Indian Jujuba Seed (Ijs) for Removal of Congo Red

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