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Sustainability, debt management, and public debt policy in Japan
Doi, Takerō; Ihori, Toshihiro; Mitsui, Kiyoshi - 2006
Persistent link: https://www.econbiz.de/10003355314
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Optimal monetary and fiscal policy in a currency union
Galí, Jordi; Monacelli, Tommaso - 2005
Persistent link: https://www.econbiz.de/10003236303
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Asset supply and liquidity transformation in HANK
Chiang, Yu-Ting; Zoch, Piotr - 2022
Persistent link: https://www.econbiz.de/10013465027
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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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Aggregate implications of indivisible labor, incomplete markets, and labor market frictions
Krusell, Per; Mukoyama, Toshihiko; Rogerson, Richard Donald - 2008
Persistent link: https://www.econbiz.de/10003680638
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What about Japan?
Chien, YiLi; Cole, Harold L.; Lustig, Hanno - 2023
Persistent link: https://www.econbiz.de/10014429308
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A model of endogenous fiscal deficits and delayed fiscal reforms
Velasco, Andrés - 1997
Persistent link: https://www.econbiz.de/10000652261
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Fiscal fragility : what the past may say about the future
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
Persistent link: https://www.econbiz.de/10008991095
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Aggregate effects of a universal social insurance fiscal reform
Antón Sarabia, Arturo; Leal, Julio - 2013
This paper analyzes the aggregate effects of a revenue neutral fiscal-cumsocial policy reform in a typical developing country that consists of two main changes: (1) the implementation of universal social insurance to replace the current dual social protection system (i.e., a reconfiguration of...
Persistent link: https://www.econbiz.de/10011303247
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Is Latin America on the right track? : an analysis of medium-term frameworks and the budget process
Scartascini, Carlos G.; Filc, Gabriel - 2010
Medium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their...
Persistent link: https://www.econbiz.de/10010247137