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International evidence on the stability of the optimizing IS equation
Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001982872
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Transition to Equilibrium in International Trades
Giraud, Gaël; Rochon, Céline - HAL - 2010
Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …
Persistent link: https://www.econbiz.de/10010635004
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Habit Formation and Fiscal Transmission in Open Economies
Cardi, Olivier; Muller, Gernot J. - HAL - 2010
account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … we allow for habit formation in consumption. Specifically, habits are crucial for government spending to induce a …
Persistent link: https://www.econbiz.de/10008793608
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Monetary policy actions and the incentive to invest
Emmons, William R. (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002496912
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Central Bank Purchases of Private Assets
Williamson, Stephen D. - Federal Reserve Bank of St. Louis - 2014
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568
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The fiscal theory of the price level puzzle: A non Ricardian view
Bénassy, Jean-Pascal - HAL - 2005
The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal policies such that government liabilities explode unless the price in the first period is at the "right" level. The policy implications are disturbing, as they call for rather...
Persistent link: https://www.econbiz.de/10010929080
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Discussion of Australia's Prosperous 2000s: Housing and the Mining Boom
Richardson, Chris - Reserve Bank of Australia
Persistent link: https://www.econbiz.de/10009385675
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Australia's Prosperous 2000s: Housing and the Mining Boom
Kearns, Jonathan; Lowe, Philip - Reserve Bank of Australia
Persistent link: https://www.econbiz.de/10009385678
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Australia's Prosperous 2000s: Housing and the Mining Boom
Kearns, Jonathan; Lowe, Philip - Reserve Bank of Australia - 2011
The 2000s was a particularly eventful decade for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and, Australia...
Persistent link: https://www.econbiz.de/10009393020
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On policy interactions among nations : when do cooperation and commitment matter ?
Kempf, Hubert; Thadden, Leopold Von - HAL - 2008
This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To reconcile some puzzles in the recent literature on the nature of policy interactions among nations, we prove that games characterized by different commitment and cooperation schemes...
Persistent link: https://www.econbiz.de/10010738606