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Bonding in Europe

Author

Listed:
  • 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.

Suggested Citation

  • iulia igescu, 2005. "Bonding in Europe," GE, Growth, Math methods 0510004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpge:0510004
    Note: Type of Document - pdf; pages: 21
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/ge/papers/0510/0510004.pdf
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    More about this item

    Keywords

    growth; bonding; Europe; bifurcations; government;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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