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Macroeconomic Policies of the Economic and Monetary Union: Theorectical Underpinnings and Challenges

Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003

Macroeconomic Policies of the Economic and Monetary Union: Theoretical Underpinnings and Challenges Philip Arestis and Malcolm Sawyer, The Levy Economics Institute and Leeds University Abstract This paper presents two issues: first, an effort to decipher the type of economic analysis and...

Persistent link: https://www.econbiz.de/10005076715

The Expected Inflation Channel of Government Spending in the Postwar U.S.

Dupor, Bill; Li, Rong - Federal Reserve Bank of St. Louis - 2013

expected inflation, which in turn, reduces the real interest rate and leads to an increase in private consumption. This paper …

Persistent link: https://www.econbiz.de/10011027321

The 2009 recovery act: stimulus at the extensive and intensive labor margins

Dupor, Bill; Mehkari, M. Saif - Federal Reserve Bank of St. Louis - 2014

This paper (i) estimates the local effects of government stimulus spending on labor market outcomes and (ii) shows how … reinforces the importance of the intensive labor margin. …

Persistent link: https://www.econbiz.de/10010890136

Fiscal Policy Spillovers: Points of Employment to Places of Residence

Dupor, Bill; McCrory, Peter B. - Federal Reserve Bank of St. Louis - 2014

U.S. counties into local labor markets, each of which we further partition into two subregions. We then compare … differential labor market outcomes and Recovery Act spending at the regional and subregional levels using instrumental variables …

Persistent link: https://www.econbiz.de/10010942506

The Case for Fiscal Policy

Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003

excess of private savings over investment at the desired level of economic activity. The paper outlines the "functional …

Persistent link: https://www.econbiz.de/10005408077

Reinventing Fiscal Policy

Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003

Recent developments in macroeconomic policy, in terms of both theory and practice, have elevated monetary policy while downgrading fiscal policy. Monetary policy has focused on the setting of interest rates as the key policy instrument, along with the adoption of inflation targets and the use of...

Persistent link: https://www.econbiz.de/10005408097