Search results for "H6"
showing 10 items of 49 documents
The Rise in Inequality after Pandemics: Can Fiscal Support Play a Mitigating Role?
2021
Abstract Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola, and Zika) have been followed by increases in inequality [Furceri et al. (2020), COVID Economics, 12, 138–157]. In this article, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an important role in determining the extent of the increase in inequality. Episodes marked by extreme austerity—measured using either the government’s fiscal balance, health expenditures, or redistribution—have been associated with an increase in the Gini measure of inequality three times as large as in episodes where fiscal policy has been more supportive. We survey the evidence th…
Asymmetric decentralisation, economic cycle, regional and local government’s borrowing in Spain
2014
This paper investigates the evolution of sub-central government borrowing in Spain over the period 1996–2011. The arguments and figures provided show that the intense process of political and fiscal decentralisation that took place over the 1990s and 2000s did not lead to higher debt ratios in terms of GDP at these tiers of government until 2007. Although a kind of overspending bias was in effect until the late 2000s, the paper shows that the evolution of GDP and tax revenues provided regional and local governments with enough resources to vigorously pursue their devolved public policy responsibilities and still keep their debt ratios under control. However, since 2008, when the world finan…
The Deadly Embrace between the Banks and the State in Spain, 1850-2015
2017
espanolEste trabajo analiza las relaciones financieras entre el sector bancario y la Hacienda publica en la Espana contemporanea. Los sistemas fiscales han sido insuficientes, generando un deficit presupuestario cronico. Este forzo una gestion irresponsable de la deuda publica hasta 1987. Ello impidio que los deficits presupuestarios pudiesen financiarse con deuda emitida en las bolsas, y obligo al Estado a recurrir a la banca (publica y privada). La evolucion de las nuevas series de las carteras de deuda publica se explica por la busqueda de rentabilidad de los bancos y por los cambios en la regulacion bancaria y la represion financiera que favorecieron al statu quo bancario. Se analizan l…
Financial stress and sovereign debt composition
2015
"Published online: 19 Oct 2015"
Involvement of large rearrangements in MSH6 and PMS2 genes in southern Italian patients with lynch syndrome
2018
Background and aim of the work: The Lynch Syndrome (LS) is associated with germline mutations in one of the MisMatch Repair (MMR) genes. Most of germline mutations are point variants, followed by large rearrangements that account to 15-55% of all pathogenic mutations. Many study reporting the frequency of large rearrangements in the MLH1 and MSH2 genes were performed, while, little is known about the contribution of large rearrangements in other MMR genes, as PMS2 and MSH6. Therefore, in this study we investigated the involvment of large rearrangements in MSH6 and PMS2 genes in a well-characterized series of 20 LS southern Italian patients. Methods: These large rearrangements are not usuall…
Identification of New Genetic Clusters in Glioblastoma Multiforme: EGFR Status and ADD3 Losses Influence Prognosis
2020
Glioblastoma multiforme (GB) is one of the most aggressive tumors. Despite continuous efforts to improve its clinical management, there is still no strategy to avoid a rapid and fatal outcome. EGFR amplification is the most characteristic alteration of these tumors. Although effective therapy against it has not yet been found in GB, it may be central to classifying patients. We investigated somatic-copy number alterations (SCNA) by multiplex ligation-dependent probe amplification in a series of 137 GB, together with the detection of EGFRvIII and FISH analysis for EGFR amplification. Publicly available data from 604 patients were used as a validation cohort. We found statistical associations…
Deficit sustainability and inflation in EMU: An analysis from the Fiscal Theory of the Price Level
2007
Price determination theory typically focuses on the role of monetary policy, while the role of fiscal policy is usually neglected. From a different point of view, the Fiscal Theory of the Price Level takes into account monetary and fiscal policy interactions and assumes that fiscal policy may determine the price level, even if monetary authorities pursue an inflation targeting strategy. In this paper we try to test empirically whether the time path of the government budget in EMU countries would have affected price level determination. Our results point to the sustainability of fiscal policy in all the EMU countries but Finland, although no firm conclusions can be drawn about the prevalence…
Joint Distribution of Polarization-Multiplexed UWB and WiMAX Radio in PON
2009
[EN] In this paper, the feasibility of the joint distribution of ultra-wideband (UWB) and WIMAX wireless using polarization multiplexing as a coexistence technique is proposed and experimentally demonstrated within the framework of passive optical networks (PON). Four single- and orthogonal-polarization multiplexing schemes are studied targeting to reduce the mutual interference when UWB and WiMAX are distributed jointly through standard single-mode fiber (SSMF) without transmission impairments compensation techniques and amplification. Experimental results indicate successful transmission up to 25 km, in SSMF exceeding the range in typical PON deployments. The radio link penalty introduced…
Searching for Threshold Effects in the Evolution of Budget Deficits: An Application to the Spanish Case
2004
Abstract In this paper, we use recent developments on threshold autoregressive (TAR) models that allow us to derive endogenously threshold effects in the evolution of the Spanish budget deficit. Specifically, a mean-reverting dynamic behaviour of the budget deficit should be expected once such threshold is reached.
Can fiscal decentralization alleviate government consumption volatility?
2016
We analyse how fiscal decentralization affects the volatility of government consumption extending the existing literature that mainly deals with the effects of the former on government size. Using data for 97 developed and developing countries from 1971 to 2010, we find that a higher degree of fiscal decentralization leads to lower government consumption volatility. This result holds for the sub-sample of advanced economies, while it is not confirmed for those less-developed. This mechanism seems to work mainly through a lower volatility of the non-discretionary spending, which typically belongs to the central government’s policy. We also confirm existing findings according to which country…