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Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015
We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
Persistent link: https://www.econbiz.de/10011391752
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Monetary-Fiscal Policy Interactions and Fiscal Stimulus
Davig, Troy - 2013
ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active …
Persistent link: https://www.econbiz.de/10013095786
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Do Monetary Policy Frameworks Matter in Low Income Countries?
Carare, Alina; de Resende, Carlos; Levin, Andrew T.; … - 2022
Microeconomic evidence indicates a very high frequency of price adjustment in low income countries (LICs), raising the question of whether LICs may be reasonably characterized as exhibiting monetary neutrality. To address this question, we analyze a cross-country panel dataset of 79 LICs over...
Persistent link: https://www.econbiz.de/10014242828
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Do Monetary Policy Frameworks Matter in Low Income Countries?
Carare, Alina; de Resende, Carlos; Levin, Andrew T.; … - 2021
In recent years, many Low-Income Countries (LICs) have implemented substantial reforms to their monetary policy frameworks, but existing economic research has not provided a clear rationale to guide those efforts. In this paper we analyze the role of monetary policy frameworks in the propagation...
Persistent link: https://www.econbiz.de/10013315132
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Government, Openness and Finance : Past and Present
Demetriadis, Panicos - 2010
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020
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Economic Policy for Artificial Intelligence
Agrawal, Ajay K. - 2018
Recent progress in artificial intelligence (AI) – a general purpose technology affecting many industries - has been focused on advances in machine learning, which we recast as a quality-adjusted drop in the price of prediction. How will this sharp drop in price impact society? Policy will...
Persistent link: https://www.econbiz.de/10012916896
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Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia
Bhattacharya, Rina - 2013
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …
Persistent link: https://www.econbiz.de/10013078381
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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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Rising protectionism and global value chains : quantifying the general equilibrium effects
Cappariello, Rita; Franco-Bedoya, Sebastian; Gunnella, … - 2020
Persistent link: https://www.econbiz.de/10012196963
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The not-so-generalized effects of the generalized system of preferences
Ornelas, Emanuel; Ritel, Marcos - 2018
Persistent link: https://www.econbiz.de/10011938778