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Dan Mihai Dima Bucharest University of Economic Studies and Institute for Economic Forecasting, Romanian Academy; dan.dima@fin.ase.ro Abstract: This study investigates distributional heterogeneity in the relationship between financial literacy and demand-side financial development across Europe. Using microdata from Eurobarometer Flash Survey 525 (N = 24,356), we construct a latent household-level financial development variable via Polychoric Principal Component Analysis […] |
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Alexandru Minea University of Orléans, University Clermont Auvergne, and Carleton University; alexandru.minea@uca.fr Abstract: This paper introduces a fiscal feedback rule (FFR) in an endogenous growth model with public debt dynamics. We assume that part of the debt burden is covered by tax increases (we name this “sterilization”), while the remaining part is financed by issuing new […] |
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