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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
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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
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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
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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
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Strategic Interactions between Fiscal and Monetary Authorities in a Multi-Country New-Keynesian Model of a Monetary Union
Michalak, Tomasz; Engwerda, Jacob; Plasmans, Joseph - CESifo - 2009
conflict concerning the orientation of stabilisation policies. This conflict is less pronounced under an asymmetric inflation … outcome of the stabilisation process. …
Persistent link: https://www.econbiz.de/10005405711
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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