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The Influence of Monetary and Fiscal Policies on Social Welfare

Altar, Moisa; Samuel, Judita - Center for Advanced Research in Finance and Banking … - 2008

The paper analyses the way in which monetary and fiscal policy influences the performances of economic growth and social welfare. The analysis is made on the basis of a dynamic model with discrete variables. The model is with a representative private agent and a government sector consisting of a...

Persistent link: https://www.econbiz.de/10005036720

Fiscal and Monetary Policies and Economic Growth

Altar, Moisa - Center for Advanced Research in Finance and Banking … - 2008

The paper analyses the way in which monetary and fiscal policy influences the performances of economic growth. The analysis is made on the basis of a dynamic model with discrete variables of the Sidrauski- Brock type, with infinite-lived households and money in the utility function. The model is...

Persistent link: https://www.econbiz.de/10005036722

US Trade Strategy and European Interests

Zoellick, Robert B. - In: CESifo Forum 4 (2003) 3, pp. 18-23

Persistent link: https://www.econbiz.de/10004998705

Trading Uncertainties: The Transatlantic Divide in Regulating Biotechnology

Jasanoff, Sheila - In: CESifo DICE Report 6 (2008) 2, pp. 36-43

Persistent link: https://www.econbiz.de/10005037371

The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - European Central Bank - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …

Persistent link: https://www.econbiz.de/10005530784

What are the spill-overs from fiscal shocks in Europe? An empirical analysis

Giuliodori, Massimo; Beetsma, Roel - European Central Bank - 2004

We use a Vector Auto Regression (VAR) analysis to explore the (spill-over) effects of fiscal policy shocks in Europe. To enhance comparability with the existing literature, we first analyse the effects of these shocks at the national level. Here, we employ identification based on Choleski...

Persistent link: https://www.econbiz.de/10005530834

Fiscal Sustainability in a New Keynesian Model

Wren-Lewis, Simon; Leith, Campbell - Department of Economics, Oxford University - 2007

Most recent work deriving optimal monetary policy utilising New Neo-Classical Synthesis (NNCS) models abstract from the impact of monetary policy on the government`s finances, by assuming that any change in the government`s budget can be financed through lump sum taxes. In this paper, we assume...

Persistent link: https://www.econbiz.de/10005047814

Inflation forecasting in the new EU Member States

Arratibel, Olga; Kamps, Christophe; Leiner-Killinger, Nadine - European Central Bank - 2009

To the best of our knowledge, our paper is the first systematic study of the predictive power of monetary aggregates for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus non-monetary (economic and fiscal) determinants of...

Persistent link: https://www.econbiz.de/10005002771

When is monetary policy all we need?

Eser, Fabian; Leith, Campbell; Wren-Lewis, Simon - Department of Economics, Adam Smith Business School - 2009

We consider optimal monetary and fiscal policies in a New Keynesian model of a small open economy with sticky prices …

Persistent link: https://www.econbiz.de/10005012846

Monetary and Fiscal Policy in a Large Asymmetric Monetary Union - A Dynamic Three-Country Analysis

Clausen, Volker; Wohltmann, Hans-Werner - Institut für Volkswirtschaftslehre, … - 2005

This paper analyzes the dynamic effects of anticipated monetary and fis- cal policies in a large monetary union, which is characterized by asym- metric interest rate transmission. We explicitly solve the asymmetric three-country model using the decomposition methods of Aoki (1981) and Fukuda...

Persistent link: https://www.econbiz.de/10005082830