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Quantitative effects of fiscal foresight

Leeper, Eric M.; Richter, Alexander W.; Walker, Todd B. - 2010

Persistent link: https://www.econbiz.de/10008660974

An empirical model of subprime mortgage default 2000 to 2007

Bajari, Patrick L.; Chu, Sean; Park, Minjung - 2008

Persistent link: https://www.econbiz.de/10003794912

Policy mix and debt sustainability : evidence from fiscal policy rules

Claeys, Peter (contributor) - 2005

This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...

Persistent link: https://www.econbiz.de/10002578199

The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Persistent link: https://www.econbiz.de/10009743745