Similar Search Results

Does global liquidity matter for monetary policy in the Euro area?

Berger, Helge (contributor); Harjes, Thomas (contributor) - 2008

developments from a euro area perspective. We find that both excess liquidity in Japan and, in particular, the U.S. tend to lead …Global excess liquidity roaming the world's financial markets (or its sudden absence) is sometimes believed to limit … constitutes global excess liquidity and how exactly it shapes the policy environment. Our approach adjusts liquidity for …

Persistent link: https://www.econbiz.de/10003726327

What determines fiscal policy? : evidence from German states

Berger, Helge (contributor); Holler, Anika (contributor) - 2007

This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...

Persistent link: https://www.econbiz.de/10003726324

The end of stability and growth pact?

Haan, Jakob de; Berger, Helge; Jansen, David-Jan - 2003

This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...

Persistent link: https://www.econbiz.de/10009303518

The end of the Stability and Growth Pact?

Haan, Jacob de; Berger, Helge; Jansen, David J. - 2003

Persistent link: https://www.econbiz.de/10001851045

Fiscal indulgence in Central Europe : loss of the external anchor?

Berger, Helge (contributor); Kopits, György (contributor); … - 2006

In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries on the path to EU accession. Regression estimates suggest that economic and institutional...

Persistent link: https://www.econbiz.de/10003370553

Election-induced fiscal policy cycles in emerging market and developing economies

Haan, Jakob de; Ohnsorge, Franziska; Yu, Shu - 2024 - Version 20 December 2023

Persistent link: https://www.econbiz.de/10014517263

Central Bank boards around the world : why does membership size differ?

Berger, Helge (contributor); Nitsch, Volker (contributor); … - 2008

This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across countries. We discuss the possible determinants of a board’s size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership...

Persistent link: https://www.econbiz.de/10003726092

Does money still matter for U.S. output?

Berger, Helge (contributor); Österholm, Pär (contributor) - 2008

In this note, we use multivariate models estimated with Bayesian techniques and an out-ofsample approach to investigate whether money growth Granger-causes output growth in the United States. We find surprisingly strong evidence for a money-output link over the 1960-2005 period. However, further...

Persistent link: https://www.econbiz.de/10003726100

Too many cooks? : committees in monetary policy

Berger, Helge (contributor); Nitsch, Volker (contributor) - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decisionmakers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10003726105

Does money matter for U.S. inflation? : evidence from Bayesian VARs

Berger, Helge (contributor); Österholm, Pär (contributor) - 2008

We use Bayesian estimation techniques to investigate whether money growth Granger-causes inflation in the United States. We test for Granger-causality out-of-sample and find, perhaps surprisingly given recent theoretical arguments, that including money growth in simple VAR models of inflation...

Persistent link: https://www.econbiz.de/10003726107