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Fiscal-monetary interactions : the effect of fiscal restraint and public monitoring on central bank credibility

Hughes Hallett, Andrew; Libich, Jan - In: Open economies review 18 (2007) 5, pp. 559-576

Persistent link: https://www.econbiz.de/10003559684

External imbalances and fiscal fragility in the Euro area

Alessandrini, Pietro; Fratianni, Michele; Hughes … - In: Open economies review 25 (2014) 1, pp. 3-34

Persistent link: https://www.econbiz.de/10010371890

Post-Thatcher fiscal strategies in the UK : an interpretation

Hughes Hallett, Andrew (contributor) - 2004

Fiscal policy in Britain has changed radically since the Keynesianism of the 1960s and 1970s. After a passive period under monetarism of the 1980s, fiscal policy is said to have adopted a leadership role with long term objectives (low debt, the provision of public services/ investment, and...

Persistent link: https://www.econbiz.de/10002524201

Inflation targeting as a coordination device

Hughes Hallett, Andrew; Viegi, Nicola - In: Open economies review 13 (2002) 4, pp. 341-362

Persistent link: https://www.econbiz.de/10001717208

The impact of containment measures and monetary and fiscal responses on US financial markets during the Covid-19 pandemic

Abakah, Emmanuel Joel Aikins; Caporale, Guglielmo Maria; … - 2021

This paper analyses the effects of containment measures and monetary and fiscal responses on US financial markets during the Covid-19 pandemic. More specifically, it applies fractional integration methods to analyse their impact on the daily S&P500, the US Treasury Bond Index (USTB), the S&P...

Persistent link: https://www.econbiz.de/10012584220

Are stock and housing returns complements or substitutes? : evidence from OECD countries

Caporale, Guglielmo Maria; Sousa, Ricardo M. - 2011

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … future stock returns to be higher, they will temporarily allow consumption to rise. Regarding housing returns, if housing … substitutes consumption will be temporarily reduced. -- consumption ; wealth ; stock returns ; housing returns ; OECD countries …

Persistent link: https://www.econbiz.de/10009355137

The Covid-19 pandemic, policy responses and stock markets in the G20

Caporale, Guglielmo Maria; Kang, Woo-Young; Spagnolo, Fabio - 2021

This paper analyses the impact of the Covid-19 pandemic on stock market returns and their volatility in the case of the G20 countries. In contrast to the existing empirical literature, which typically focuses only on either Covid-19 deaths or lockdown policies, our analysis is based on a...

Persistent link: https://www.econbiz.de/10012622463

Fiscal sustainability, fiscal reactions, pitfalls and determinants

Afonso, António; Coelho, José Carlos - 2022

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to-GDP ratio; and...

Persistent link: https://www.econbiz.de/10013162289

Fiscal adjustments and business cycle synchronization

Agnello, Luca; Caporale, Guglielmo Maria; Sousa, Ricardo M. - 2013

Using a panel of annual data for 20 countries we show that synchronized fiscal consolidation (stimulus) programmes in different countries make their business cycles more closely linked, especially in the case of fiscal adjustments lasting 2 or 3 years. We also find: (i) little evidence of...

Persistent link: https://www.econbiz.de/10010212384

Tax vs. debt management under entitlement spending : a multicountry study

Cerniglia, Floriana; Dia, Enzo; Hughes Hallett, Andrew - In: Open economies review 30 (2019) 3, pp. 425-443

Persistent link: https://www.econbiz.de/10012153988