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1 - 10 van 81 voor future debt
Microsoft Word - ageing_.doc
... future generations with a debt of ageing'. although economic growth is, on average, expected to raise future incomes, the exact increase in the welfare of future ... surplus for sustainability. d stands for initial public debt and a for the future' debt that is due to ageing. the annuity term ... stocks d and a into flow terms. more specifically, the future debt a is measured as the present value of the ...
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dp212.indd
... debt sustainability indicators the probability distribution of future debt levels is important in assessing fiscal sustainability. higher interest and growth rate volatility increases the distribution of future debt ...
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List of publications of aml.pdf
... (sieps) report 2011 3, may 2011 (coauthor willem molle), p. 87-110. sustainability of government debt in the emu, in meeuwsen w. (editor), the economic crisis and the process of ... and industry, industrial policy and economic reforms papers 8, 2008 (coauthor hugo rojas-romagosa). the future of manufacturing in europe, industrial policy report dg enterprise industry, 2008 (coauthors felix brandes, ...
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Microsoft Word - Charting CPB's course.doc
... 13 our research elaborates new themes, investigates new lines of reasoning, prepares the ground for future policy analysis, and establishes the empirical value of elasticities that are crucial for this ... special subjects in ceps, 2003 2008 a 2003 incoherent agricultural policy (s5) ageing and public debt reduction (s1; cpb communication german economy a view from the netherlands (s6; cpb memorandum ...
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bijlage_jaarrapportage2008.pdf
... conferenties, e.d. presentaties (voor zover een schriftelijk stuk is behandeld) adema, y. ageing, debt and inflation in a monetary union, netspar pension workshop, 26 juni 2008. 6 adema, ... , p.w.j. de en j. huigen, 2008, guest editorial the future of telecommunications regulation, special issue on future telecommunications regulation a dutch perspective, telecommunications policy, vol. 32, nr. 11, ...
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appendix derivations dsge model pdf
... will want to maximise the discounted sum of utility in all future periods in which they may live'. if the household discount factor is ... expression tells us what the household's optimal plan for all future consumption is starting from period t. 2.7 aggregation having derived ... t we also need to specify a fiscal policy rule so that debt remains bounded. the following example uses lump-sum taxes to pay ...
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Microsoft Word - DP128_demooij _2_.doc
... other countries. each firm maximises its value equal to the net present value of all future cash flows subject to the accumulation constraints and a production function. the production function ... off theory, we include a financial distress cost associated with high debt positions. the marginal cost of debt finance increases in the debt share. in cortax, the convexity of the financial distress ...
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analysis individual accounts unemployment risk netherlands pdf
... benefits are topped up by a loan, but without bailout. giving individuals access to their future pension benefits only makes sense when individuals are credit constrained, otherwise they can implement the ... crook and hochguertel (2005) and kapteyn and panis (2003). crook and hochguertel (2005) consider household debt holdings and the role of credit constraints. they have data for both the demand and ...
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Microsoft Word - DP ECA voorblad.doc
... demanded by the new-comer. the eca therefore creates a status quo which inuences future developments. the complexity of ccctb reforms with formula apportionment prohibits clearcut theoretical results on ... , we 9 include a ...nancial distress cost associated with high debt positions. the marginal cost of debt ...nance increases in the debt share. in cortax, the convexity of the ...nancial distress ...
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memo246.pdf
... (compare case without indexing). since taxes are immediately increased to finance higher expenditures in the future, debt in figure 3.9 is kept lower in every year than in the case without ... delayed collection of taxes leads to a permanent higher debt level. by relying more on debt financing, investment costs are shifted from current to future generations. welfare of current older generations is not ...
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