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Events
A Theory of Debt Accumulation and Deficit Cycles
En savoir plusAbstractThis paper introduces a tractable model of sovereign debt in which governments face intertemporal tradeoffs between (i) preferring more primary deficits to less and (ii) avoiding costly defaults. Governments run deficits when debt and, then, the marginal costs of increasing debt are low. After an extended period of debt accumulation, the probability of default increases,…
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Events
Owning Expression and Propertizing Speech – Freedom of Expression v Copyright before the European Courts
En savoir plusThe right to freedom of expression is of paramount importance for a democratic society. When balanced with other fundamental rights, Article 10 of the European Convention of Human Rights affords Member States a wide margin of appreciation. This margin is traditionally exercised by the national legislatures
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Events
Concordia Open Door Event
En savoir plusMark your calendars for the Concordia Open Door Event!To register, please click here