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Analyzing structural reforms using a behavioral macroeconomic model

De Grauwe, Paul; Ji, Yuemei - 2017

We use a behavioral macroeconomic model to analyze how structural reforms affect the economy in the short and in the … second one raises potential output in the economy. We find that structural reforms that increase the flexibility of wages and … rigid economy. Finally, we analyze how structural reforms change the tradeoffs between output and inflation variability. Our …

Persistent link: https://www.econbiz.de/10011663556

The effects of monetary policy : a meta-analysis : presented at CESifo Area Conference on Macro, Money and International Finance, February 2004

De Grauwe, Paul; Costa, Cláudia - 2004

In this paper we perform a meta-analysis of the effects of monetary policies on output and prices. We use a sample of published papers on the effects of monetary policies in different countries. There is a large variation in the estimated effects of monetary policies on output and prices. We...

Persistent link: https://www.econbiz.de/10011449687

Assessing monetary policy in Norway

Andreassen, Harald Magnus; De Grauwe, Paul; Solheim, Haakon - 2001

We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the reasons why the real interest rates are significantly higher in Norway than in the rest of Europe. Finally we propose some institutional changes that can improve the policy...

Persistent link: https://www.econbiz.de/10011408405

The effects of monetary policy : a meta-analysis

De Grauwe, Paul; Costa, Cláudia - 2004

Persistent link: https://www.econbiz.de/10002176580

Is monetary policy in the eurozone less effective than in the US?

De Grauwe, Paul (contributor); Costa, Cláudia (contributor) - 2005

There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this "ECB-handicap" hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....

Persistent link: https://www.econbiz.de/10003297484

Is monetary policy in the Eurozone less effective than in the US?

De Grauwe, Paul; Costa, Cláudia - 2005

There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this ECB-handicapʺ hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....

Persistent link: https://www.econbiz.de/10003270535

Financial sector development in Brunei Darussalam : depth, acces, and efficiency : a comparative analysis

Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2022

Financial sector development plays an important role in promoting economic growth and welfare of the citizen of a country. On the other hand, financial sector instability or vulnerability, can adversely affect the economic growth and cause major disruptions in the country. This paper examines...

Persistent link: https://www.econbiz.de/10013380870

Towards a macroprudential surveillance and remedial policy formulation system for monitoring financial crisis

Bhattacharyay, Biswanath - 2009

Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...

Persistent link: https://www.econbiz.de/10003887495

Early warning system for economic and financial risks in Kazakhstan

Bhattacharyay, Biswanath; Dlugosch, Dennis; Kolb, Benedikt - 2009

composite indicators for the real economy, the banking sector, the overall financial sector and finally the international …

Persistent link: https://www.econbiz.de/10003897420

Economy wide impact of the trade integration between Japan and India : a computable general equilibrium analysis

Bhattacharyay, Biswanath; Mukhopadhyay, Kakali - 2013

, the study evaluates the economy wide impact of the proposed CEPA between India and Japan at 2020. The study has used a … leaks) in Japan in March 2011 will have short-term negative impacts on the economy but is unlikely to affect the expected … gains from CEPA between India and Japan. The short negative impact may be significant but in the long-run Japanese economy …

Persistent link: https://www.econbiz.de/10010227205