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To react or not?: fiscal policy, volatility and welfare in the EU-3
Malley, Jim; Philippopoulos, Apostolis; Woitek, Ulrich - 2007
This paper develops a dynamic stochastic general equilibrium model to examine the quantitative macroeconomic implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is the particular market failure justifying policy...
Persistent link: https://www.econbiz.de/10010264070
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Wirtschaftspolitik im Systemwettbewerb
Schäfer, Wolf (contributor) - 2006
Prüfstand ihrer internationalen Wettbewerbsfähigkeit. Das nennen wir Systemwettbewerb. Nationale Wirtschaftspolitik muß sich … zwingen. -- Wirtschaftspolitik unterliegt im Systemwettbewerb folglich schärferen externen Restriktionen und entmachtet die … diesem Band publiziert werden. Es liegt in der Natur der Sache, daß unter der Generalüberschrift 'Wirtschaftspolitik im …
Persistent link: https://www.econbiz.de/10014492464
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Wirtschaftspolitische Konsequenzen der Finanz- und Wirtschaftskrise
Theurl, Theresia (contributor) - 2010
Haushalte sowie in der Frage nach Exit-Strategien aus einer Wirtschaftspolitik, die an der Krise ansetzt. Dazu kommt, neben …
Persistent link: https://www.econbiz.de/10014492548
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Strategic interactions between fiscal and monetary authorities in a multi-country new-Keynesian model of a monetary union
Michalak, Tomasz; Engwerda, Jacob; Plasmans, Joseph - 2009
In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....
Persistent link: https://www.econbiz.de/10010264547
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Investigating the U.S. oil-macroeconomy nexus using rolling impulse responses
Gronwald, Marc - 2009
This paper is concerned with the apparent change in the U.S. oil price-macroeconomy relationship. It is investigated to what extent this change can be accounted for by the large oil price surges witnessed in the 1970s. The innovative approach of rolling impulse responses is applied and both the...
Persistent link: https://www.econbiz.de/10010265987
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A vicious cycle of manias, crashes and asymmetric policy responses : an overinvestment view
Hoffmann, Andreas; Schnabl, Gunther - 2009
The business cycles theories of Wicksell (1898), Schumpeter (1912), Mises (1912), Hayek (1929, 1935) and Minsky (1986, 1992) explain business cycles by distorted prices on capital markets, buoyant credit expansion and overinvestment. The exuberance during the boom endogenously causes the...
Persistent link: https://www.econbiz.de/10010276623
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Is monetary policy in the Eurozone less effective than in the US?
De Grauwe, Paul; Storti, Cláudia Costa - 2005
There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this ?ECB-handicap? hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....
Persistent link: https://www.econbiz.de/10010276746
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Wachstumsverlangsamung und Konjunkturzyklen in unterschiedlichen Wirtschaftssystemen
Schüller, Alfred (contributor) - 1984
Persistent link: https://www.econbiz.de/10014492638
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Beiträge zur Wirtschaftstheorie. Wissenschaftliche Gutachten. Zweiter Teil: Konjunkturforschung und Konjunkturtheorie
Diehl, Karl (contributor) - 1928
Persistent link: https://www.econbiz.de/10014492874