Similar Search Results

Calmfors, Lars; Wren-Lewis, Simon - 2011

The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

Persistent link: https://www.econbiz.de/10010274971

Optimal fiscal and monetary policy in a medium-scale macroeconomic model

Schmitt-Grohé, Stephanie; Uribe, Martín - 2006

In this paper, we study Ramsey-optimal fiscal and monetary policy in a mediumscale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...

Persistent link: https://www.econbiz.de/10011604658

Surprising comparative properties of monetary models: Results from a new model database

Taylor, John B.; Wieland, Volker - 2010

-rate smoothing or with GDP growth deviations from trend in place of the output gap. However, improvement vis-à-vis other models …

Persistent link: https://www.econbiz.de/10011605307

Appropriate fiscal policy over the business cycle: Proper stimulus policies can work

Graves, Philip E. - 2010

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...

Persistent link: https://www.econbiz.de/10010270872

China's exchange rate impasse and the weak U.S. dollar

McKinnon, Ronald; Schnabl, Gunther - 2008

Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one-way bet has led to a loss of domestic monetary control. Combined with a more general flight from the U.S. dollar, the resulting monetary explosion in China...

Persistent link: https://www.econbiz.de/10010275871

Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

Persistent link: https://www.econbiz.de/10010264503

Growth, foreign direct investment and urban concentrations: unbundling spatial lags

Poelhekke, Steven; van der Ploeg, Frederick - 2008

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …

Persistent link: https://www.econbiz.de/10010276225

Indo-US economic relations : prospects and challenges

Sahoo, Pravakar; Ashwini; Geethanjali, Nataraj - In: Foreign trade review : quarterly journal of Indian … 47 (2012) 1, pp. 35-59

Persistent link: https://www.econbiz.de/10009611737

Strategies for managing cross-border alliances and joint ventures : A study of US-Japanese corporate relationships

Sharan, Vyuptakesh - In: Foreign trade review : quarterly journal of Indian … 28 (1993) 2, pp. 189-201

Persistent link: https://www.econbiz.de/10001175700

Section 301 and future of multilateralism under the GATT

Verma, Surinder Kaur - In: Foreign trade review : quarterly journal of Indian … 26 (1991) 3, pp. 180-198

Persistent link: https://www.econbiz.de/10001132686