Economia
Onde é a crise da dívida pública mais grave?
ASK most people to name the rich-world countries with the worst public finances and they will single out Portugal, Italy, Greece and Spain (aka the PIGS). But viewed in terms of adjustments to spending and revenue required to bring public debt down to safe levels by 2050 (the fiscal gap), those countries do not fare too badly. Instead, another quartet of countries comes to the fore: Japan, New Zealand, the United States and Luxembourg (commonly known as the NULJ). That these countries are not on the tips of the tongues of those forecasting economic doom is down to two factors. First, most people don't think with such long horizons in mind. Second, all these countries have their own currencies, and so have the option of inflating debt away if the necessary consolidation becomes too painful.
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A Orígem Da Crise Europeia
To Thrive, Euro Countries Must Cut Welfare State
By Fredrik Erixon
"...Take the four countries at the epicenter of the euro-area crisis: Greece, Ireland, Portugal and Spain. They are in many ways different, but they have three important characteristics...
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O Peso Da Dívida Pública
A recent study from the World Competitiveness Center of Swiss business school IMD suggests that the largest "old" industrialized nations will suffer a "debt curse" lasting decades – in the worst case lasting until 2084. The IMD defines "bearable" public...
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A Relação Entre "felicidade" E Pib Per Capita Em Poder De Compra
DESPITE the economic gloom, the world is happier than it was before the financial crisis set in (according to a recent poll from Ipsos which surveyed 19,000 adults in 24 countries). 77% of respondents describe themselves as "happy", three percentage...
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Os Estados Unidos Perto Da Bancarotta
Is the United States Bankrupt?
Laurence J. Kotlikoff
".. Many would scoff at this notion. They’d point
out that the country has never defaulted on its
debt; that its debt-to-GDP (gross domestic product)
ratio is substantially lower than that...
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A Futura Da Dívida Pública: Calote
BIS Working PapersNo 300The future of public debt: prospects and implications
by Stephen G Cecchetti, M S Mohanty and Fabrizio Zampolli
Monetary and Economic Department
Abstract
Since the start of the financial crisis, industrial country public debt...
Economia