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Transatlantic Monetary and Fiscal Policy Interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - CESifo - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10005765866

Using Real-Time Data to Test for Political Budget Cycles

Jong-A-Pin, Richard; Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2012

We use real]time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...

Persistent link: https://www.econbiz.de/10010575440

Macroeconomic Stabilization Policies in the EMU: Spillovers, Asymmetries, and Institutions

Bartolomeo, Giovanni Di; Engwerda, Jacob; Plasmans, Joseph - CESifo - 2005

game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …

Persistent link: https://www.econbiz.de/10005094245

Staying Together or Breaking Apart: Policy-makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union

Aarle, Bas van; Bartolomeo, Giovanni Di; Engwerda, Jacob; … - CESifo - 2002

In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …

Persistent link: https://www.econbiz.de/10005051590

Convergence of Monetary Transmission in EMU New Evidence

Toolsema, Linda A.; Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2001

This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and …

Persistent link: https://www.econbiz.de/10005181532

Keynesian, Non-Keynesian or No Effects of Fiscal Policy Changes? The EMU Case

Aarle, Bas van; Harry (ed.) Garretsen - CESifo - 2001

period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and … their macroeconomic effects and in the literatureon EMU, we analyze the effects of the fiscal adjustments during this … periodon private consumption. Thereby, we also take the specific context of thetransition towards EMU explicitly into …

Persistent link: https://www.econbiz.de/10005405708

Has the EMU Reduced Wage Growth and Unemployment? Testing a Model of Trade Union Behaviour

Mikosch, Heiner; Sturm, Jan-Egbert - CESifo - 2011

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner’s model, monetary …. Although we come up with some weak evidence for increased business cycle amplitudes within the EMU, we neither find a … significant general effect of the EMU on wage growth nor on unemployment. …

Persistent link: https://www.econbiz.de/10009020101