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Foreign aid and revenue response : an examination of joint General Budget Support
Knoll, Martin - 2011
The present paper explores the extent to which new joint General Budget Support (GBS) systems have been able to overcome the problems of aid dependency and negative fiscal incentives that can potentially result from high levels of on-budget aid. As approximately 90 percent of new joint GBS goes...
Persistent link: https://www.econbiz.de/10009405113
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The differential effects of foreign aid to sub-Saharan Africa
Akame, Afuge; Mavrotas, George - Instituut voor Ontwikkelingsbeleid - 2024
Persistent link: https://www.econbiz.de/10014531086
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On the uses and abuses of economy-wide models in development policy analysis
Bell, Clive - 1983
Persistent link: https://www.econbiz.de/10000374968
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Die Europäische Investitionsbank : subsidiärer Finanzintermediär oder Umverteilungsinstrument?
Heinemann, Friedrich - 1992
Persistent link: https://www.econbiz.de/10000138864
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The impact of the European Monetary Union on inflation persistence in the euro area
Meller, Barbara; Nautz, Dieter - 2009
This paper uses the European Monetary Union (EMU) as a natural experiment to investigate whether more effective monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm that inflation dynamics differed considerably across Euro...
Persistent link: https://www.econbiz.de/10003875991
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The credit quality channel : modeling contagion in the interbank market
Fink, Kilian; Krüger, Ulrich; Meller, Barbara; Wong, … - 2015
We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a default. In contrast, shocks are transmitted via asset...
Persistent link: https://www.econbiz.de/10011381702
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Monetary and macroprudential policy in an estimated DSGE model of the euro area
Quint, Dominic; Rabanal, Pau - 2014
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010258716
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Welfare effects of TTIP in a DSGE model
Engler, Philipp; Tervala, Juha - 2016
Several studies have analyzed the trade and output effects of the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, but our paper is the first attempt to study its welfare effects. We measure the welfare effect of TTIP as the percentage of...
Persistent link: https://www.econbiz.de/10011527321
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EU regional policy : its theoretical foundations and their policy conclusions revisited
Schmidt, Peter - 2014 - Draft
This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of … contrasted with a non-equilibrium economics perspective on EU regional policy. Based on this, the existence of market failures … and the relevance of equilibrium economics for a realistic understanding of and policy advice for EU regional policy are …
Persistent link: https://www.econbiz.de/10011487099
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The EU structural funds as a means to hamper migration
Schmidt, Peter - 2012
Comparing the economic development and current situation of the internal markets of the U.S. and the EU, two things are … noticeable. On the one hand, the EU is conducting massive regional policy programmes (notably the Structural Funds) to foster …-average GDP per capita while in the EU approximately 31\% of the total population lives in such regions eligible for structural …
Persistent link: https://www.econbiz.de/10011515661