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Financial repression in general equilibrium : the case of the United States, 1948-1974

Kliem, Martin; Kriwoluzky, Alexander; Müller, Gernot J.; … - 2024

investment and saving decisions. We develop and estimate a New Keynesian model with financial repression. Based on U.S. data for …

Persistent link: https://www.econbiz.de/10014559288

A dynamic theory of the Feldstein-Horioka puzzle and financial frictions : re-estimation of the saving retention coefficient

Takahashi, Harutaka - 2020

Persistent link: https://www.econbiz.de/10012582699

Verschuldung und Konsolidierung

Corneo, Giacomo - 2009

In Folge der starken Rezession kommt es durch diskretionäre Maßnahmen der Bundesregierung und die Auswirkung der automatischen Stabilisatoren zu einem erheblichen Anstieg des Staatsdefizits. Im Ergebnis wird das Niveau der öffentlichen Verschuldung bei Rückkehr zur wirtschaftlichen...

Persistent link: https://www.econbiz.de/10003962777

Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries

Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015

We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...

Persistent link: https://www.econbiz.de/10011391752

Fiscal discipline and the cost of public debt service : some estimates for OECD countries

Ardagna, Silvia (contributor); … - 2005

Persistent link: https://www.econbiz.de/10002570089

Domestic saving and investment revised : can the Feldstein-Horioka equation be used for policy analysis?

Sachsida, Adolfo; Mendonça, Mário Jorge Cardoso de - 2015

Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …

Persistent link: https://www.econbiz.de/10012038727