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The Liquidity Channel of Fiscal Policy
Bayer, Christian - 2020
—the liquidity premium. We rationalize this finding in an estimated heterogeneous-agent New-Keynesian (HANK) model with incomplete … markets and portfolio choice, in which public debt affects private liquidity. In this environment, the short-run fiscal … multiplier is amplified by the countercyclical liquidity premium. This liquidity channel stabilizes investment and crowds in …
Persistent link: https://www.econbiz.de/10012830353
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Aspects of the Swiss labor market
DeMasi, Paula Rose - 1996
Persistent link: https://www.econbiz.de/10000930743
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Government arrears in fiscal adjustment programs
Diamond, Jack; Schiller, Christian - 1987
Persistent link: https://www.econbiz.de/10000708136
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Monetary control procedures and financial reform : approaches, issues, and recent experiences in developing countries
Johnston, Robert B.; Brekk, Odd P. - 1989
Persistent link: https://www.econbiz.de/10000799524
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Monetary control procedures and financial reform : approaches, issues, and recent experiences in developing countries
Johnston, R. B.; Brek, Odd P. - 1989
Persistent link: https://www.econbiz.de/10000128640
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Financial reforms in Sudan : streamlining bank intermediation
Kireev, Aleksej P. - 2001
Persistent link: https://www.econbiz.de/10001596878
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Coordinating public debt and monetary management during financial reforms
Leite, Sérgio Pereira - 1992
Persistent link: https://www.econbiz.de/10013425157
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Policy mix and debt sustainability : evidence from fiscal policy rules
Claeys, Peter - 2005
This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...
Persistent link: https://www.econbiz.de/10010261142
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Structural reforms in the Euro area : economic impact and role of synchronization across markets and countries
Everaert, Luc; Schule, Werner - 2006
Persistent link: https://www.econbiz.de/10003354182
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Structural Reforms in the Euro Area : Economic Impact and Role of Synchronization Across Markets and Countries
Schule, Werner - 2006
Persistent link: https://www.econbiz.de/10012691025