Similar Search Results

Estimating simple fiscal policy reaction functions for the euro area countries

Plödt, Martin; Reicher, Claire - Institut für Weltwirtschaft (IfW) - 2014

We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to the output gap, a response to the debt-GDP...

Persistent link: https://www.econbiz.de/10010886926

Fiscal targeting rules and economic stability under distortionary taxation

Reicher, Claire - Institut für Weltwirtschaft (IfW) - 2014

While European countries have engaged in a debate about fiscal policy rules, little is known about the ability of these rules to ensure stable debt and output paths when taxes are distortionary, particularly in a small open economy. In this situation, it turns out that the interaction between a...

Persistent link: https://www.econbiz.de/10010942768

Fiscal policy in Latin America: better after all?

Daude, Christian; Melguizo, Ángel; Neut, Alejandro - Institut für Weltwirtschaft (IfW) - 2010

highlight the uncertainty stemming from the estimation of the output gap, due to large and simultaneous cyclical, temporary and …

Persistent link: https://www.econbiz.de/10008728022

Asymmetric exchange rate pass-through in the Euro area: New evidence from smooth transition models

Ben Cheikh, Nidhaleddine - Institut für Weltwirtschaft (IfW) - 2012

This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …

Persistent link: https://www.econbiz.de/10010956023

Revenue and expenditure nexus: A case study of ECOWAS

Magazzino, Cosimo - Institut für Weltwirtschaft (IfW) - 2012

This paper aims to assess the relationship among fiscal variables (net lending, government expenditure and revenue) and economic growth in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in 15 ECOWAS countries, a weak long-run relationship between government...

Persistent link: https://www.econbiz.de/10010956037

Banking concentration and financial stability: Evidence from developed and developing countries

Ali, Ben; Sami, Mohamed; Intissar, Timoumi; Zeitun, Rami - Institut für Weltwirtschaft (IfW) - 2015

In this paper, the authors analyze the relationship between banking concentration and financial stability for a sample of 173 developed and developing countries over the period 1980-2011. First, they empirically examined the direct effect of banking concentration on financial stability by using...

Persistent link: https://www.econbiz.de/10011262999

The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2007

This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a …-run Phillips curve suggests the development of a holistic framework that can jointly explain the evolution of inflation and … equations. We then evaluate the inflation-unemployment tradeoff and assess the impact of productivity, money growth, budget …

Persistent link: https://www.econbiz.de/10005818817

Determinants of government bond spreads in the Euro area – in good times as in bad

Aßmann, Christian; Hogrefe, Jens - Institut für Weltwirtschaft (IfW) - 2009

Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond spreads are usually attributed to differing default and liquidity risks. Recent research points out that time-varying global factors, approximated by risk measures or short term...

Persistent link: https://www.econbiz.de/10005026904

Finanzpolitik und Produktionspotential in Deutschland

Boss, Alfred - Institut für Weltwirtschaft (IfW) - 2007

In recent years, a lot of rules concerning government expenditures as well as tax revenues were changed in Germany. Government expenditures in relation to GDP were reduced, income tax rates were lowered and the budget deficit declined. The structure of government expenditures changed in favor of...

Persistent link: https://www.econbiz.de/10005818915

Fiskalpolitik und Konjunktur

Boss, Alfred - Institut für Weltwirtschaft (IfW) - 1996

Persistent link: https://www.econbiz.de/10009277697