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The Political Economy of Fiscal Consolidation in Japan

Ihori, Toshihiro - 2015

This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special … emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation …

Persistent link: https://www.econbiz.de/10012401959

Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

Persistent link: https://www.econbiz.de/10013102206

Policy Analysis and Forecasting in the World Economy : A Panel Dynamic Stochastic General Equilibrium Approach

Vitek, Francis - 2014

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...

Persistent link: https://www.econbiz.de/10013060545

Mexico Needs a Fiscal Twist : Response to COVID-19 and Beyond

Ahmed Hannan, Swarnali; Honjo, Keiko; Raissi, Mehdi - 2021

Mexico's fiscal response to the pandemic has been modest compared to its peers, reflecting the authorities' desire to not issue new debt for spending. This approach, however, risks a more severe recession and a weaker economic recovery, with further costs in the future. Balancing the need for...

Persistent link: https://www.econbiz.de/10013314839

Capital Markets, COVID-19 and Policy Measures

ElFayoumi, Khalid; Hengge, Martina - 2021

The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...

Persistent link: https://www.econbiz.de/10013234704

Monetary Policy and the German Unemployment Problem in Macroeconomic Models : Theory and Evidence

Gottschalk, Jan (contributor) - 2005

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...

Persistent link: https://www.econbiz.de/10014014221

Fiscal Reforms, Long-Term Growth and Income Inequality

Acosta‐Ormaechea, Santiago - 2017

We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform...

Persistent link: https://www.econbiz.de/10012950407

Bank of Japan’s Quantitative and Credit Easing : Are They Now More Effective?

Berkmen, Pelin - 2012

This paper asks whether the BoJ's recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds some evidence that BoJ's monetary policy measures during 1998-2010 have had an impact on...

Persistent link: https://www.econbiz.de/10013111414

Quantitative Easing and Its Impact in the US, Japan, the UK and Europe

Hausken, Kjell - 2013

, Japan, UK and Europe. Using an event-study methodology, the authors find that the measures undertaken by the Federal Reserve … those undertaken by the Bank of Japan and the European Central Bank, which have relied more heavily on lending to private …, UK and Japan. The authors’ analysis finds that QE contributes to the reduction in unemployment in the US and Japan, and a …

Persistent link: https://www.econbiz.de/10014017297

International Competitiveness in Africa : Policy Implications in the Sub-Saharan Region

Razafimahefa, Ivohasina Fizara - 2007

This book offers insight into international trade and foreign direct investment competitiveness in Africa. It examines two policies frequently used to enhance international competitiveness in Sub-Saharan African economies: exchange rate policy and productivity-related policy.

Persistent link: https://www.econbiz.de/10013520689

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