 | Private and Public Debt : Are Emerging Markets at Risk? Author/Editor: Marco Bernardini, Lorenzo Forni. Release Date:March, 2017 Using a dataset covering a large sample of emerging economies (EMEs), we
study the relationship between debt and economic performance in bad times.
While previous research has shown that more...
| Price: $18.00
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| Fiscal Rules to Tame the Political Budget Cycle : Evidence from Italian Municipalities Author/Editor: Lorenzo Forni, Andrea Bonfatti. Release Date:January, 2017 The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the
application of the Italian fiscal rule at the sub-national level over the period 2004-2006 more...
| Price: $18.00
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| Sovereign Debt Restructuring and Growth Author/Editor: Lorenzo Forni, Geremia Palomba, Joana Pereira, Christine J Richmond. Release Date:July, 2016 This paper studies the effect of sovereign debt restructurings with external private
creditors on growth during the period 1970-2010. We find that there are bad and good (or
not so bad) more...
| Price: $18.00
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| Public Employment and Compensation Reform During Times of Fiscal Consolidation Author/Editor: Lorenzo Forni, Natalija Novta. Release Date:October, 2014 This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down more...
| Price: $18.00
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.jpg) | Fiscal Multipliers : Size, Determinants, and Use in Macroeconomic Projections Author/Editor: Nicoletta Batini, Luc Eyraud, Lorenzo Forni, Anke Weber. Release Date:October, 2014 Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for more...
| Price: $10.00
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| Macroeconomic Effects of Sovereign Restructuring in a Monetary Union: A Model-based Approach Author/Editor: Lorenzo Forni, Massimiliano Pisani. Release Date:December, 2013 We assess the macroeconomic effects of a sovereign restructuring in a small economy belonging to a monetary union by simulating a dynamic general equilibrium model. In line with the empirical more...
| Price: $18.00
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| Pricing of Sovereign Credit Risk: Evidence from Advanced Economies During the Financial Crisis Author/Editor: C Emre Alper, Lorenzo Forni, Marc Gerard. Release Date:January, 2012 We investigate the pricing of sovereign credit risk over the period 2008-2010 for selected advanced economies by examining two widely-used indicators: sovereign credit default swap (CDS) and relative more...
| Price: $18.00
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| Public Debt in Advanced Economies and its Spillover Effectson Long-Term Yields Author/Editor: Emre Alper, Lorenzo Forni. Release Date:August, 2011 Several models establish a positive association between public debt ratios and long-term real yields, but the empirical evidence is not always conclusive. We reconsider this issue, focusing in more...
| Price: $18.00
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 | Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely Author/Editor: Carlo Cottarelli, Paolo Mauro, Lorenzo Forni, Jan Gottschalk. Release Date:September, 2010 This note summarizes the main arguments put forward by some market commentators who argue that default is inevitable, and presents a rebuttal for each argument in turn. Their main arguments focus on more...
| Price: $0.00
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