Similar Search Results

Politics, economics and investment: explaining plant and equipment spending by U.S. direct investors in Argentina, Brazil, and Mexico

Stevens, Guy V.G. - Federal Reserve Board (Board of Governors of the … - 1994

manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …

Persistent link: https://www.econbiz.de/10005368143

Are Long-Term Inflation Expectations Well Anchored in Brazil, Chile and Mexico?

De Pooter, Michiel; Robitaille, Patrice; Walker, Ian; … - Federal Reserve Board (Board of Governors of the … - 2014

In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … first to examine the evidence from Brazil and Mexico, making use of the fact that markets for longterm government debt have …, consumer prices, or real activity variables. Finally, long-run inflation expectations in Brazil appear to have been less well …

Persistent link: https://www.econbiz.de/10010784200

Optimal monetary and fiscal policy: a linear-quadratic approach

Benigno, Pierpaolo; Woodford, Michael - Federal Reserve Board (Board of Governors of the … - 2004

We propose an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky (so that the supply-side effects of tax changes are more complex than in standard fiscal analyses) and the only available sources of government revenue are...

Persistent link: https://www.econbiz.de/10005368129

Anticipated fiscal contraction: the economic consequences of the announcement of Gramm-Rudman-Hollings

Johnson, Robert A. - Federal Reserve Board (Board of Governors of the … - 1986

The announcement of a plan to cut the U.S. federal budget deficit through the Gramm-Rudman-Hollings legislation provides an excellent opportunity to examine the influence of expectations on economic behavior. This paper presents a small forward-looking macroeconomic model and simulates the...

Persistent link: https://www.econbiz.de/10005368154

Ramsey meets Hosios: the optimal capital tax and labor market efficiency

Arseneau, David M.; Chugh, Sanjay K. - Federal Reserve Board (Board of Governors of the … - 2006

Heterogeneity between unemployed and employed individuals matters for optimal fiscal policy. This paper considers the consequences of welfare heterogeneity between these two groups for the determination of optimal capital and labor income taxes in a model with matching frictions in the labor...

Persistent link: https://www.econbiz.de/10005368396

Comparing the welfare costs and the initial dynamics of alternative temporary stabilization policies

Uribe, Martin - Federal Reserve Board (Board of Governors of the … - 1996

This paper compares the welfare costs and initial dynamics of three alternative inflation stabilization policies using the staggered price model with imperfect credibility and currency substitution developed by Calvo and Vegh (1990). In addition to the policies analyzed by Calvo and Vegh...

Persistent link: https://www.econbiz.de/10005368453

International comparisons of fiscal policy: the OECD and the IMF measures of fiscal impulse

Schinasi, Garry J. - Federal Reserve Board (Board of Governors of the … - 1986

Both the OECD and the IMF periodically estimate and publish measures of fiscal impulse to gauge the extent to which fiscal policy in the major industrial countries has become more or less expansive over time. This paper compares these measures analytically and numerically. The paper shows that...

Persistent link: https://www.econbiz.de/10005372595

Domestic and cross-border consequences of U.S. macroeconomic policies

Bryant, Ralph C.; Helliwell, John; Hooper, Peter - Federal Reserve Board (Board of Governors of the … - 1989

This paper reviews empirical evidence about the effects of changes in U.S. monetary policy and fiscal policy that has been accumulated during recent years in a series of collaborative research projects involving a variety of global macroeconometric models. The paper also considers, in...

Persistent link: https://www.econbiz.de/10005372596

An empirical analysis of policy coordination in the United States, Japan and Europe

Edison, Hali J.; Tryon, Ralph - Federal Reserve Board (Board of Governors of the … - 1986

Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the...

Persistent link: https://www.econbiz.de/10005372624

Budget process reforms: testimony before the Budget Committee, U.S. Senate, April 21, 2005

Greenspan, Alan - Federal Reserve Board (Board of Governors of the … - 2005

Persistent link: https://www.econbiz.de/10010725119