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Bonding in Europe

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Author Info

  • iulia igescu

    (Global Insight)

Abstract

Time is ripe to look at the bonding institutions of Europe in a different way: as instruments able to change the internal dynamics of an economic system. These institutions will put a country attracted by a low and stable equilibrium output onto a path of economic growth. Questions such as under what circumstances these institutions can be created and whether their result, a new and higher output level, is stable are also addressed. Once in place they need not be eternal: when an economy reaches full employment, they might be dismantled because they use too much of the public funds.

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File URL: http://128.118.178.162/eps/ge/papers/0510/0510004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series GE, Growth, Math methods with number 0510004.

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Length: 21 pages
Date of creation: 12 Oct 2005
Date of revision:
Handle: RePEc:wpa:wuwpge:0510004

Note: Type of Document - pdf; pages: 21
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Web page: http://128.118.178.162

Related research

Keywords: growth; bonding; Europe; bifurcations; government;

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