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Policy Coordination in the Euro Area
Panico, Carlo; Marta, Vàzquez Suàrez - In: STUDI ECONOMICI 2008/96 (2008) 96, pp. 5-31
The paper deals with the problems of coordination between monetary and fiscal policies in the Euro area. It examines how the existing institutions handle these problems and how the literature evaluates their working, deriving from these evaluations a proposal to reorganise them. The paper points...
Persistent link: https://www.econbiz.de/10010876317
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European Policy Reactions to the Financial Crisis
Panico, Carlo; Purificato, Francesco - In: STUDI ECONOMICI LXV (2010) 100, pp. 191-218
The paper examines how economic policy have been carried out in Europe during the recent financial crisis. It focuses on the changes introduced in the operational procedures of monetary policy in the euro area in 2007 and 2008, pointing out that the objective of the authorities has been to...
Persistent link: https://www.econbiz.de/10008852159
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Spending preferences of local officials with off-budget land revenues of Chinese cities
Ding, Chengri; Niu, Yi; Lichtenberg, Erik - In: China Economic Review 31 (2014) C, pp. 265-276
The paper examines the spending preferences of local governments on land revenues by developing an indirect approach in which public sector outcomes are regressed with land revenues, the most dominant source for off-budget incomes. By doing so, we are able to overcome the issue of unavailable...
Persistent link: https://www.econbiz.de/10011118149
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Structural change and the China syndrome : baumol vs trade effects
Coricelli, Fabrizio; Ravasan, Farshad R. - 2017
Persistent link: https://www.econbiz.de/10011685137
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De-industrialization and comparative advantage in the global value chain
Peneder, Michael; Streicher, Gerhard - In: Economic systems research : journal of the … 30 (2018) 1, pp. 85-104
Persistent link: https://www.econbiz.de/10011806538
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Reforming in a difficult macroeconomic context : a review of the issues and recent literature
Caldera Sánchez, Aida; De Serres, Alain; Yashiro, Naomitsu - 2016
This paper reviews the main issues related to the short-term impact of structural reforms in different macroeconomic contexts and takes stock of existing theoretical and empirical studies. Taking reforms introduced in “normal” times as a benchmark, it reviews the available evidence on the...
Persistent link: https://www.econbiz.de/10011577742
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Policy options to durably resolve euro area imbalances
Guillemette, Yvan; Turner, David - 2013
A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price. The framework is then used to cyclically-adjust observed current account balances and...
Persistent link: https://www.econbiz.de/10009767761
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Intra-industry adjustment to import competition : theory and application to the German clothing industry
Raff, Horst; Wagner, Joachim - In: The world economy : the leading journal on … 33 (2010) 8, pp. 1006-1022
This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and...
Persistent link: https://www.econbiz.de/10008651312
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Deutschland im Strukturwandel : Strukturberichterstattung 1997
Edler, Dietmar; Görzig, Bernd; Schumacher, Dieter; … - Deutsches Institut für Wirtschaftsforschung - 1998
Strukturwandel wird weiterhin von der Fortentwicklung der internationalen Arbeitsteilung und von Verschiebungen zugunsten der …, der dort einen Strukturwandel im Zeitraffertempo ausgelöst hat, und von den stagnativen Tendenzen als Folge einer … restriktiven Makropolitik im Vorfeld der Währungsunion. Auch die Strukturpolitik hat weiterhin den Strukturwandel in den alten …
Persistent link: https://www.econbiz.de/10011401900
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What determines the net fiscal effects of migration? : proactive policies result in a better labor market integration
Hinte, Holger - 2014
Do migration policies affect whether immigrants contribute more to public finances than they receive as transfer payments? Yes. But simply accumulating the annual fiscal transfers to and fiscal contributions by migrants is not sufficient to identify the policy impact and the potential need for...
Persistent link: https://www.econbiz.de/10011420025