fiscal federalism and the limits of bankruptcy

... situation tomorrow.?- They understand that they have to pay back the inflation cost of their fiscal laxity tomorrow and this will affect their fiscal decisions today The higher the cost they have to pay ... tomorrow, the less they will spend today This punishment mechanism is one side of the whole story The dynamics of my model also enables me to explore the other side of the story Due to the dynamic ... political and electoral system The rational and forward- looking voters dislike the overspending of the Left and know that the Left party would spend even more under flexible regime With the choice of

Ngày tải lên: 07/03/2014, 02:20

... domestically and abroad, formed the backdrop for these developments These include Vietnam’s accession to the World Trade Organization (WTO) in early 2007 and the onset of the GFC in late 2008 The remainder ... 2008(Q3), these flows turned negative and the stock market crashed, losing all of the gains made during 2005 and FIGURE 7 Fiscal Balance (In per cent of GDP) S ourceS : Ministry of Finance; GSO; and ... during 2005–07, the result was steady depreciation pressure on the exchange rate The parallel and interbank market exchange rates traded outside of the SBV’s official band for all of 2008–10 Intervention

Ngày tải lên: 13/01/2021, 06:12

... those of the Bank of England, the London School of Economics, or Harvard University.    Trang 3On falling neutral real rates, fiscal policy, and the risk ofŁukasz Rachel LSE and Bank of England ... the United States In a chapter of the Handbook of Macroeconomics at the turn of the century, Douglas Elmendorf and Gregory Mankiw (1999) reviewed the theoretical and empirical literature on the ... economies These errors are, to an extent, an artifact of the long-sample, as they reflectthe cumulative uncertainty of the underlying drivers of equilibrium rates Nonetheless, theselarge error bands

Ngày tải lên: 26/10/2022, 18:19

... peace and quiet, law and order-these are some of the more conspicuous examples of the traditional application of the police power to municipal affairs Yet they merely illustrate the scope of the ... fora is grant-ed on the basis of the speakers' viewpoints, the public's ownership of the "extra space" does not nullify the First Amendment rights of the owner of the property from which ... basis of aesthetics.8' However, with the 1954 case of Berman v Parker, the Court first acknowledged aesthetic regulation as a proper concern of the police power for regulation of land uses andgenerally

Ngày tải lên: 30/10/2022, 21:21

... sources of fulfilment and identity was intertwined, as Myrdal and Klein (1956: 28–29) argued, with the need for “a more stable equilibrium between the demands of the community and the needs of the ... Switzerland, to discuss the role of medicine in managing the difficulties faced by married workers and the potential implications these had for the health of their families Convocations of the World ... on the health or the balance of the husband, her children or in general on the stability of the couple) In emphasizing the reduced intellectual traction of maternal deprivation theory outside of

Ngày tải lên: 04/12/2022, 15:45

... or the limits of U.S power The first edition of this book raised the question of whether Iraqwould turn into a war with the corrosive characteristics of Vietnam.That is no longer the issue The ... both guns and butter Huge budgetdeficits and the price tag of trillions of dollars for the war in Iraq dur-ing the Bush years will require fiscal restraint and sacrifice in the nearfuture The United ... echoes of Vietnam, the United States refused to interveneto stop genocide in Cambodia, the Balkans, and Rwanda before itwas too late for hundreds of thousands of innocent people Thegreat tragedy of

Ngày tải lên: 04/10/2023, 12:57

... Sanhedrin and its functions takes up most of the other tenchapters of the tractate The effect of this distribution is to present themonarchy and priesthood as fitting into the framework of the highest ... particularization of the distinction between the rule ofwisdom and the rule of law But while the meanings and application of theseconcepts differ significantly, these differences do not preclude the possibility ... as the “path,” the halakhah The halakhah is a system of norms directing the lives of both the individual and the community It thus seeks to order the publicdomain, mandating specific social and

Ngày tải lên: 04/10/2023, 12:59

... or the limits of U.S power The first edition of this book raised the question of whether Iraqwould turn into a war with the corrosive characteristics of Vietnam.That is no longer the issue The ... both guns and butter Huge budgetdeficits and the price tag of trillions of dollars for the war in Iraq dur-ing the Bush years will require fiscal restraint and sacrifice in the nearfuture The United ... echoes of Vietnam, the United States refused to interveneto stop genocide in Cambodia, the Balkans, and Rwanda before itwas too late for hundreds of thousands of innocent people Thegreat tragedy of

Ngày tải lên: 04/10/2023, 15:47

... Affects the whole of the population and either the whole or part of the territory of the State; and (b) Endangers the physical uprightness of the population, the political confidence, or the territorial ... contrary to the nature of the rights, and to prevent the consequences of a state of emergency 1 EMERGENCIES AND THE LIMITS OF MEASURES APPLIED IN A PUBLIC EMERGENCY 10 PROTECT THE RIGHTS 1.1 The Public ... evidenced by the case of A and other v the United Kingdom.’ Although, the Al-Qaeda terrorist attack has taken place outside of the territory of the United Kingdom and the United Kingdom was the only

Ngày tải lên: 29/08/2024, 20:50

... about the effectiveness ofsurveillance at the global level by the IMF and the OECD15 as wellas at the regional level (within the frameworks of the euro areaand the European Community in the case of ... Director of the Country Studies Branch of the Economic Department of the OECD Leif Pagrotsky Former member of the cabinet of the Swedish gov-ernment, former Minister of Industry and Trade and former ... White Chair, the Economic and Development ReviewCommittee of the OECD Former Economic Adviser and Head ofthe Monetary and Economic Department of the BIS Former DeputyGovernor of the Bank of Canada

Ngày tải lên: 07/03/2018, 11:17

... Albania, and Slovakia on behalf of the U.S Treasury and in Kazakhstan and Azerbaijan on behalf of the International Monetary Fund i Trang 4iiTrang 5THE LIMITS OF LEVIATHANContract Theory and the Enforcement ... institutions ofglobal governance and expanding the reach of international law Athens Declaration on the Signing of the Treaty of Accession on the Enlargement of the European Union, April 16, 2003 ... regard the establishment of inter-national courts and the role of the international judge as the most significant developments, and pay little or no attention to the linked questions of standing and

Ngày tải lên: 30/03/2020, 19:50

... of example, assume there were 300 monkeys on the island The number of monkeys washing their sweet potatoes reached 99 The next day the 100th monkey, and all the other monkeys, began to wash their ... Time went by, months and then years, and as the story goes the young monkey began to convince other mon-keys of the wisdom of washing the sweet potatoes First one, then ten, then fifty joined her ... see, the chart covers the various elements of a round and the golfer records his or her performance on each hole The golfer then reviews it and determines the areas of opportunity to improve and

Ngày tải lên: 17/10/2013, 23:15

... viewpoint aspect under the perfecthas the effect of asserting that the beginning of the event time is included inthe PTS The question of whether the end of the event time is included inthe PTS or not ... (12b), the left boundary of the PTS is asserted to precede thebeginning of the event time and the right boundary of the PTS is not as-serted to be included in the event time Examples such as the ... of the variousperfect interpretations.combi-4 On the morphology of perfect participles The proposal developed in section 3 discussed the syntax of the perfect andthe meaning contribution of the

Ngày tải lên: 18/10/2013, 14:15

... the club such that the little finger of one hand is wrapped around the forefinger of the other Lie Position of the ball at rest Links Golf course within four miles of the sea coast Trang 10Loft ... between the tee and the green that offers the player the best chance for success Also known as ‘‘the short grass.’’ Feathery Early type of golf ball made by filling a leather pouch with boiled feathers ... Nine The first nine holes of an 18-hole course Green The area of very short grass surrounding the hole where the player must use a putter to hit the ball Green in Regulation The number of shots

Ngày tải lên: 20/10/2013, 19:15

... specific exercise of the state-of-nature and genealogical methods: his own application of them, which forms the rest of the book, to the twin virtues of truthfulness, sincerity, and accuracy With ... find) They can remind us of the contingency of our institutions and standards, communicating a sense of how easily they might have been different, and of how different they might have been Or they ... vindicatory: the story they tell is in one way or another a recommendation of whatever it is they tell us the history of Again, we can apply the distinction between the intrinsic and the accidental The

Ngày tải lên: 01/11/2013, 07:20

... between the monopolization offense and the abuse of dominance, the state action doctrine and the immunity for government petitioning, all of which are crucial to the understanding of the limits of ... regulate the actions of companies in dominant positions.9 These differences and the discussion of how they affect the treatment of the refusals to deal and essential facilities in the US and in the ... monitors market conditions, and engages in a review of the program.108 The scope of the state action defense depends on the nature of the antitrust defendant and the type of challenged conduct: actions...

Ngày tải lên: 30/03/2014, 10:20

... ages of man, the seven levels of hell, the seven primary colours, the seven notes of the musical scale, and the seven days of the week?” Miller’s idea is illustrated in Figure 1.1, where the xaxis ... scientists are often interested in the activity of the cortex The cortex is the thin layer of gray matter encasing the rest of the brain (or cerebrum) Thanks to its familiar folds and grooves, the cortex ... stimulate the imagination, as Miller describes at the end: “What about the seven wonders of the world, the seven seas, the seven deadly sins, the seven daughters of Atlas in the Pleiades, the seven...

Ngày tải lên: 10/06/2014, 22:09

... knowledge and the implications of investigating the Universe from within Our study of the limits of science and the science of limits will take us from the consideration of practical limits of cost, ... nature and content of the actual The idea of the impossible rings alarm bells in the minds of many To some, any suggestion that there might be limits to the scope of human understanding of the Universe ... investigation of the unknown At the end of each century there seems to arise a stock-taking in science We shall see that at the end of the last century the issue of the limits of science became...

Ngày tải lên: 05/06/2014, 11:26

... to the core of democracy’s discontent: fears of the loss of self-government and the loss of moral fabric of community These lie at the basis of other topics of national debate, like the scope of ... of the Christian understanding ‘lay in the fineness of its perception of these extremes and the imaginative power with which it filled the space between.’123 In the myth of the Fall of Man, there ... the excess, the compromise, the indelible appearance of dishonesty, the counterfeit piety, the moralism and the immorality, the corruption, the intrigue, the negligence, the meddlesomeness, the...

Ngày tải lên: 12/10/2015, 17:33

... the food stocks, and the mood of the garrison The tactics of the Daily Mail captured the attention of the nation; the newspaper dramatized the situation of the town by emphasizing the danger that ... examine both the role of the press in the formation of public opinion about imperialism and the role of the press in the formation of the concept of public opinion itself Mafeking Night marks the powerful ... powerful beginning of the New Journalism at the same time as it marks the beginning of the end of the New Imperialism The coincidence of these occasions arises from the nature of the South African...

Ngày tải lên: 21/09/2012, 10:54