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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
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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
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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
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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
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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
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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
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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
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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
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Macroprudential Regulation and Policy for the Islamic Financial Industry : Theory and Applications
Zulkhibri, Muhamed (ed.); Ismail, Abdul Ghafar (ed.);  … - 2016
Conventional Banks in Indonesia -- 9. Short-Term Liquidity Management Mechanisms in the Absence of Islamic Interbank Loan Markets …
Persistent link: https://www.econbiz.de/10014019978
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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