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German labor market and fiscal reforms 1999-2008 : Can they be blamed for intra-euro area imbalances?
Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - In: Journal of macroeconomics 50 (2016), pp. 307-324
Persistent link: https://www.econbiz.de/10011707897
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Fiscal policy implications for labor market outcomes in middle-income countries
Stepanyan, Ara; Leigh, Lamin - 2015
Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public...
Persistent link: https://www.econbiz.de/10014275789
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Monetary policy transmission and financial stability in a LIC : the case of Bangladesh
Rafiq, Sohrab - 2015
This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....
Persistent link: https://www.econbiz.de/10011408240
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Optimal monetary-fiscal policy in the euro area liquidity crisis
Filiani, Pasquale - In: Journal of macroeconomics 70 (2021), pp. 1-19
Persistent link: https://www.econbiz.de/10013275458
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The Beveridge curve and labour market flows : a reinterpretation
Gottfries, Nils; Stadin, Karolina - 2019
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....
Persistent link: https://www.econbiz.de/10012026458
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Japan's low inflation conundrum
Mayer, Thomas; Schnabl, Gunther - 2022
The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … creation in Japan's post-bubble period. With the price level being assumed to be dependent on both goods with free market …
Persistent link: https://www.econbiz.de/10013284915
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Tax reforms and fiscal shock smoothing
Amaglobeli, David; Jaramillo Echeverri, Laura; Karnane, … - 2019
This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular those that broaden the tax base, significantly enhance the ability of fiscal policy to mitigate...
Persistent link: https://www.econbiz.de/10012021994
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Fiscal foresight : do expectations have cross-border effects?
Romano, Simone - In: Journal of macroeconomics 57 (2018), pp. 71-82
Persistent link: https://www.econbiz.de/10012127887
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Review of the public financial management reform : strategy for Pacific Island Countries, 2010-2020
Allen, Richard; El Rayess, Majdeline; Doherty, Laura; … - 2020
This paper reviews the Public Financial Management (PFM) reform stategy for 16 Pacific Island Countries (PICs) during the period 2010-2020. The strategy was endorsed by the finance and economic ministers of the region (FEMM) in 2010. The paper analyzes more than 30 PEFA assessments carried out...
Persistent link: https://www.econbiz.de/10012302044
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Do financial markets value quality of fiscal governance?
Keita, Kady; Leon, Gene; Lima, Frederico - 2019
We examine the link between the quality of fiscal governance and access to market-based external finance. Stronger fiscal governance is associated with improvements in several indicators of market access, including a higher likelihood of issuing sovereign bonds and having a sovereign credit...
Persistent link: https://www.econbiz.de/10012112130