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We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected euro zone countries, the US and …
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rate (the policy spread) for the euro area and the UK during the two main phases of the financial crisis that began in late … 2007. During the crisis, the policy spread exhibited signs of volatility, owing to the breakdown in interbank market … apparent in the post-Lehman collapse phase of the crisis for the euro area as financial CDS premia rose due to possible default …
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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,...
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Europe between democratically governed States with market economies. After six countries established the European Community …
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This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...
Persistent link: https://www.econbiz.de/10011399168
Trade liberalization of the agri-food sector is a sensitive topic in both Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) discussions. Using a general equilibrium model, we assess the potential impact of these agreements. The US agri-food sectors would...
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