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~isPartOf:"CESifo Working Paper Series"
~isPartOf:"Centro Studi Luca d'Agliano Development Studies Working Paper"
~isPartOf:"NBER working paper series"
~isPartOf:"Nota di Lavoro"
~isPartOf:"Oxford bulletin of economics and statistics"
~isPartOf:"Weidener Diskussionspapiere"
~person:"Feldstein, Martin"
~person:"Hülsewig, Oliver"
~person:"Peri, Giovanni"
~person:"Sadka, Efraim"
~subject:"Argentinien"
~subject:"Internationale Migration"
~subject:"Monetary policy"
~subject:"Theorie"
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Feldstein, Martin
Hülsewig, Oliver
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The Impact of Global Warming on Rural-Urban Migrations : Evidence from Global Big Data
Peri, Giovanni
-
2019
This paper examines the impact of temperature changes on rural-urban migration using a 56km×56km grid cell level dataset covering the whole world at 10-year frequency during the period 1970-2000. We find that rising temperatures reduce rural-urban migration in poor countries and increase such...
Persistent link: https://www.econbiz.de/10012479679
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2
Financial Frictions and Inflation Differentials in a Monetary Union
Hristov, Nikolay
-
2010
This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation differentials can be explained by cross-country differences concerning the characteristics of financial markets. Our results suggest that empirically plausible degrees of...
Persistent link: https://www.econbiz.de/10013136243
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3
The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis
Hristov, Nikolay
-
2013
This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction of Euro–area banks to the global financial crisis. We focus on their interest–rate setting behavior in response to standard macroeconomic shocks. Our main empirical finding...
Persistent link: https://www.econbiz.de/10013089850
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4
The European Central Bank and the Euro : The First Year
Feldstein, Martin
-
2000
The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies of their own. The experience of the first year confirms that one size...
Persistent link: https://www.econbiz.de/10012471257
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5
Smells Like Fiscal Policy? Assessing the Potential Effectiveness of the ECB's OMT Program
Hristov, Nikolay
-
2014
This paper explores the potential effectiveness of the ECB's Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10013057668
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6
Euro area periphery countries' fiscal policy and monetary policy surprises
Hülsewig, Oliver
;
Rottmann, Horst
-
2021
In this study, we explore how fiscal policy in euro area periphery countries responds to monetary policy surprises that lower sovereign bond yields. In particular, we assess whether the disciplining effect of financial markets on public finances is undermined by the ability of monetary policy to...
Persistent link: https://www.econbiz.de/10012549740
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7
The Price Puzzle Revisited : Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock?
Henzel, Steffen
-
2013
This paper explores whether the cost channel solves the price puzzle. We set-up a New Keynesian DSGE model and estimate it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter restrictions which are not rejected by the data - the cost...
Persistent link: https://www.econbiz.de/10012753889
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8
The Fiscal Framework of Monetary Policy
Feldstein, Martin
-
1982
This paper illustrates the importance of the fiscal framework for monetary analysis by discussing three separate issues. I begin by examining how the fiscal framework changes the macroeconomic equilibrium associated with different steady state rates of money growth. This includes a summary of...
Persistent link: https://www.econbiz.de/10012478139
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9
Capital Taxation
Feldstein, Martin
-
1982
This paper is an introductory chapter to a book that brings together 22 of my papers written between 1965 and 1981. The chapter provides a summary of each paper and a more general discussion of the role of taxation in influencing the process of capita1 accumulation. The four sections of the book...
Persistent link: https://www.econbiz.de/10012478234
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10
Fiscal and Migration Competition
Razin, Assaf
-
2010
The paper models the host country stylistically as a member of the core of an economic union (i.e., a core
EU
welfare …. The source country is modeled as an accession country to an economic union (i.e., through the
EU
enlargement treaty), with …
Persistent link: https://www.econbiz.de/10012462431
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