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Farhi, Emmanuel - 2011

We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New Keynesian open economy environment. We perform the analysis under...

Persistent link: https://www.econbiz.de/10012460995

Reforming the welfare state : recovery and beyond in Sweden

Freeman, Richard B. (ed.); Swedenborg, Birgitta (contributor) - 2010

Persistent link: https://www.econbiz.de/10003851392

Deals versus rules : policy implementation uncertainty and why firms hate it

Hallward-Driemeier, Mary - 2010

"Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and...

Persistent link: https://www.econbiz.de/10011394615

Deals versus Rules : Policy Implementation Uncertainty and Why Firms Hate It

Hallward-Driemeier, Mary - 2010

Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and...

Persistent link: https://www.econbiz.de/10012462652

Policy Choice : Theory and Evidence from Commitment via International Trade Agreements

Limão, Nuno - 2009

. This result is stronger for organized industries, which further supports the theory. The main theoretical insights and …

Persistent link: https://www.econbiz.de/10012463994

Inflation-Output Tradeoff as Equilibrium Outcome of Globalization

Binyamini, Alon - 2008

The paper provides an integrated analysis of globalization effects on the inflation-output tradeoff and monetary policy in the New-Keynesian framework. The prediction of the analysis is threefold. First, labor, goods, and capital mobility flatten the Phillips curve, the tradeoff between...

Persistent link: https://www.econbiz.de/10012464268

Expenditure Switching vs. Real Exchange Rate Stabilization : Competing Objectives for Exchange Rate Policy

Devereux, Michael B. - 2006

This paper develops a view of exchange rate policy as a trade-off between the desire to smooth fluctuations in real exchange rates so as to reduce distortions in consumption allocations, and the need to allow flexibility in the nominal exchange rate so as to facilitate terms of trade adjustment....

Persistent link: https://www.econbiz.de/10012466453

The Behavioralist as Policy Designer : The Need to Test Multiple Treatments to Meet Multiple Targets

Hahn, Robert - 2016

We explore Tinbergen's fundamental insight that policymakers need at least as many policy instruments as targets. We extend this idea using a large natural field experiment in water resource management. We use social comparisons and loss-framed messages to help achieve two goals of our partner...

Persistent link: https://www.econbiz.de/10012455794

Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave

Busch, Christopher - 2020

In 2015-2016 Germany experienced a wave of predominantly low-skilled refugee immigration. We evaluate its macroeconomic …

Persistent link: https://www.econbiz.de/10012481929

The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?

Aizenman, Joshua - 2014

institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … to achieve a number of design objectives, and this may continue, as long as Germany does not shirk its growing … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …

Persistent link: https://www.econbiz.de/10012458424

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