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Convergence and Inequality : the case of Western Balkan countries.

OUARDIGHI, JALAL EL; KAPETANOVIC, RABIJA SOMUN- - Bureau d'Économie Théorique et Appliquée (BETA), … - 2007

This paper analyses the convergence process of inequality in income among five Balkan countries in the 1989-2005 period … approach is to consider the convergence of country contributions to the international income inequality. The model allows … simultaneously to test the convergence process of income and inequality. The results indicate a real convergence process between …

Persistent link: https://www.econbiz.de/10005422865

Can Fiscal Policy Stimulus Boost Economic Recovery?

Agnello, L.; Sousa, R. - Banque de France - 2011

We assess the role played by fiscal policy in explaining the dynamics of asset markets. Using a panel of ten industrialized countries, we show that a positive fiscal shock has a negative impact in both stock and housing prices. However, while stock prices immediately adjust to the shock and the...

Persistent link: https://www.econbiz.de/10008921763

Spillover effects in a monetary union: Why fiscal policy instruments matter?

Barbier-Gauchard, Amélie; Betti, Thierry; Diana, Giuseppe - Bureau d'Économie Théorique et Appliquée (BETA), … - 2015

Using a two-country DSGE model, we analyze the spillover effects of fiscal policy in a monetary union. Based on a non-Walrasian labor market and a detailed fiscal sector, our analysis focuses on the relative cross-border effects of different kinds of fiscal instruments (expenditure side and...

Persistent link: https://www.econbiz.de/10011115587

Impact of Fiscal Policy on Residential Investment in France.

Antipa, P.; Schalck, C. - Banque de France - 2009

The present paper assesses the impact of fiscal policy on residential investment in France. The analysis is conducted in the framework of a VECM, since this allows accounting for endogeneity between the variables. Our results imply that a long term relationship between investment and subsidies...

Persistent link: https://www.econbiz.de/10008503194

Efficiency and coordination of fiscal policy in open economies.

KOENIG, Gilbert; ZEYNELOGLU, Irem - Bureau d'Économie Théorique et Appliquée (BETA), … - 2006

In this paper, we use a two country stochastic “new open economy macroeconomics” model with sticky wages and imperfect competition where public spending and private consumption appear in a non-separable way in individual preferences. We use this setup to define optimal fiscal policy in the...

Persistent link: https://www.econbiz.de/10005570188