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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

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

What should fiscal councils do?

Wren-Lewis, Simon; Calmfors, Lars - Department of Economics, Oxford University - 2011

Fiscal councils now exist in a number of countries. This paper first considers the extent of deficit bias, potential explanations for it, and how independent institutions could help reduce it. Are fiscal councils complements to or substitutes for fiscal rules, and why do none at present...

Persistent link: https://www.econbiz.de/10008852051

Electoral Uncertainty, the Deficit Bias and the Electoral Cycle in a New Keynesian Economy

Wren-Lewis, Simon; Leith, Campbell - Department of Economics, Oxford University - 2009

Recent attempts to incorporate optimal fiscal policy into New Keynesian models subject to nominal inertia, have tended to assume that policy makers are benevolent and have access to a commitment technology. A separate literature, on the New Political Economy, has focused on real economies...

Persistent link: https://www.econbiz.de/10008495880

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