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The goal of this paper is to discuss the joint analyses of fiscal, income and monetary policy in modifying aggregate spending. The paper is focused on the specific characteristics of aggregate demand depending on phases of economic cycle. Through this paper I also intend to emphasize that the...
Persistent link: https://www.econbiz.de/10010925999
The European model’s entry into the third integration stage – The Economic and Monetary Union – has changed the conception of the macroeconomic policies. The „one for one” principle changed into the „one for all” principle. Within the Eurozone, all the member states can share both...
Persistent link: https://www.econbiz.de/10010839029
Global economy was significantly affected by the global financial crisis and especially the budget balance of all …
Persistent link: https://www.econbiz.de/10010632394
in order to increase the performances of a real economy. This was the main field of focus for the swedish economist Knut …
Persistent link: https://www.econbiz.de/10010631948
Out of all the ideas and assumptions regarding the money and monetary theory, the classical liberalism was the first major paradigm that contributed to the development of the quantity theory of money. This paper aims to express the first steps made by the Classical School economists in...
Persistent link: https://www.econbiz.de/10010632042
in which the existing solutions could not solve the negative phenomena the economy was confronted with. A change was … necessary. But for how long Monetarism succeeded to be a solution for the economy? And what school considered money as having an …
Persistent link: https://www.econbiz.de/10010632704
A part of the empirical literature seems to support the view that international differences in corporate taxation are important determinants of FDI location, while another part argue that FDI are attracted by the business environment, without taking into consideration any directly or indirectly...
Persistent link: https://www.econbiz.de/10010632400
This paper analyzes the importance of monetary policy transmission mechanism channels in the countries of Central and Eastern Europe (CEE) on the road to euro and their changes after the event of the recent financial crisis. We build out study based on the vector autoregression (VAR) model, with...
Persistent link: https://www.econbiz.de/10010940629
One of the leading figures of the Austrian School is by far Ludwig von Mises. Known better for his findings regarding the relationship between money, prices and interest, Mises brought originality and a new perspective over the monetary policy. This paper is a tribute to the philosopher Mises,...
Persistent link: https://www.econbiz.de/10010838964
In the lights of the recent crisis, the monetary policy became the most important weapon that an economy must rely upon … economy. In order to avoid lack of liquidity and therefore a major crisis of the banking system, China adopted a stimulus … package through which inserted large amounts of money into the economy in order to stimulate loans. As previous crisis proved …
Persistent link: https://www.econbiz.de/10010675546