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An open-economy Ramsey-Cass-Koopmans model in reduced form
Spiro, Daniel - 2021
-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417
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Natural disasters and the effect of trade on income : a new panel IV approach
Felbermayr, Gabriel; Gröschl, Jasmin - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715
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Discretionary fiscal policy and economic activity in Greece
Tagkalakis, Athanasios - In: Empirica : journal of european economics 41 (2014) 4, pp. 687-712
Persistent link: https://www.econbiz.de/10010482478
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Monetary and fiscal management, finance, and growth
Thorvaldur Gylfason - 2004
This lecture addresses three related aspects of monetary and fiscal management in Europe and elsewhere. First, I discuss the implications of economic integration for monetary and fiscal policy, especially the narrow focus on low inflation as the main objective of monetary policy. I argue that...
Persistent link: https://www.econbiz.de/10011404264
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The macroeconomic challenges of scaling up aid to Africa
Gupta, Sanjeev; Powell, Robert; Yang, Yongzheng - 2005
Persistent link: https://www.econbiz.de/10003222296
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Monetary and fiscal management, finance, and growth
Thorvaldur Gylfason - In: Empirica : journal of european economics 31 (2004) 2/3, pp. 71-91
Persistent link: https://www.econbiz.de/10002424932
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Labour Market and Fiscal Policy Adjustments to Shocks : The Role and Implications for Price and Financial Stability in South Africa
Gumata, Nombulelo; Ndou, Eliphas - 2017
Government Consumption Spending, Lending Spreads and the Cost of Borrowing Channels -- 34: Do Sovereign Yield Spreads Transmit …
Persistent link: https://www.econbiz.de/10012398087
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Macroeconomic policy lessons for Greece from the debt crisis
Oikonomidēs, Geōrgios; Papageorgiou, Dimitris; … - 2020
This paper first searches for the drivers of the Greek depression in the aftermath of the 2007-8 global crisis and in turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our simulations show that the adopted adjustment program (namely, the...
Persistent link: https://www.econbiz.de/10012195896
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Economic Policy Options for a Prosperous Nigeria
Collier, Paul (ed.); Soludo, Chukwuma C. (ed.);  … - 2008
This book demonstrates that there is sufficient evidence on the Nigerian economy and society to inform many policy issues, and reveals the current problems and policy options that a democratic Nigeria will need to debate and resolve. It presents an agenda of reform as unfinished business
Persistent link: https://www.econbiz.de/10012054168
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Fiscal Policy in the European Union
Ferreiro Aparicio, Jesús (ed.); Fontana, Giuseppe (ed.);  … - 2008
This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity
Persistent link: https://www.econbiz.de/10012053819