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The Impact of Policy Shocks on Financial Structure: Empirical Results from Japan
Moayedi, Vafa; Aminfard, Matin - Volkswirtschaftliche Fakultät, … - 2011
This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy … and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via …
Persistent link: https://www.econbiz.de/10011260284
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The Impact of Policy Shocks on Financial Structure: Empirical Results from Japan
Moayedi, Vafa; Aminfard, Matin - Volkswirtschaftliche Fakultät, … - 2011
This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy … and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via …
Persistent link: https://www.econbiz.de/10010548349
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Le Policy mix de la zone UEMOA garantit-il la Stabilité Intérieure et la Croissance ?
Combey, Adama - Volkswirtschaftliche Fakultät, … - 2014
A policy mix characterized by a monetary policy whose main objective is price stability and fiscal policy under fiscal discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an index of the policy mix is ​​built for...
Persistent link: https://www.econbiz.de/10011258948
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Searching for the Relative Potency of Monetary and Fiscal Policies in Selected African Countries: A Panel Data Approach to St. Louis Equation
Adeniji, Sesan; Evans, Olaniyi - Volkswirtschaftliche Fakultät, … - 2013
With the aid of the St. Louis equation, this study applies panel data technique to real variables of some selected African countries with extended data from 1970 – 2012. The outcomes support both Keynesian and monetarist positive policy assertions. The monetary base and government expenditure...
Persistent link: https://www.econbiz.de/10011259831
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A Gains from Trade Perspective on Macroeconomic Fluctuations
Beaudry, Paul; Portier, Franck - C.E.P.R. Discussion Papers - 2011
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10009221567
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Monetary and fiscal policies coordination - Pakistan's experience
Arby, Muhammad Farooq; Hanif, Muhammad Nadeem - Volkswirtschaftliche Fakultät, … - 2010
The paper explores how the monetary and fiscal policies have coordinated with each other in Pakistan. It argues that monetary and fiscal policies have been executed independently throughout the study period that is 1964-65 to 2008-09 and there have been very few instances of coordination between...
Persistent link: https://www.econbiz.de/10008490549
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Is There a Fiscal Free Lunch in a Liquidity Trap?
Erceg, Christopher; Lindé, Jesper - C.E.P.R. Discussion Papers - 2010
This paper uses a DSGE model to examine the effects of an expansion in government spending in a liquidity trap. The … spending multiplier can be much larger than in the normal situation if the liquidity trap is very prolonged, and the budgetary … expansion. Our paper addresses this question in a model environment where the duration of the liquidity trap is determined …
Persistent link: https://www.econbiz.de/10008468666
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Consolidated-Budget Rules and Macroeconomic Stability with Income-Tax and Finance Constraints
Gliksberg, Baruch - Volkswirtschaftliche Fakultät, … - 2010
In some Business-Cycle models a fiscal policy that sets income taxes counter cyclically can cause macroeconomic instability by giving rise to multiple equilibria and as a result to fluctuations caused by self fulfilling expectations. This paper shows that consolidated budget rules with...
Persistent link: https://www.econbiz.de/10008534223
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Aspects of Fiscal Performance in some Transition Economies under Fund-supported Programs
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1996
This paper contains a selective review of some of the key fiscal issues faced by transition economies. The twelve countries that provide the empirical background for this study have all been under Fund programmes for at least some of the time since they initiated their transitions from plan to...
Persistent link: https://www.econbiz.de/10005123808
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Bankers' Versus Workers' Europe (I): Adverse Selection in EMU
Bottazzi, Laura; Manasse, Paolo - C.E.P.R. Discussion Papers - 1998
The delegation of monetary policy to a supranational Central Bank creates a conflict of interest between residents of different countries. For example, the country in recession favours more inflation to boost output, while the country in boom prefers exactly the opposite. This conflict gives...
Persistent link: https://www.econbiz.de/10005124355