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Sustainability, Debt Management, and Public Debt Policy in Japan
Doi, Takero - 2006
authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …
Persistent link: https://www.econbiz.de/10012466308
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Morocco : ex post evaluation of exceptional access under the 2012 precautionary and liquidity line arrangement ; press release, staff report, and statement by the Executive Directo...
Geiregat, C.; Ltaifa, Nabil; Dwight, Lawrence; Nkusu, M.; … - 2015
This paper discusses Morocco's Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line …
Persistent link: https://www.econbiz.de/10011376804
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Morocco : second review under the arrangement under the precautionary and liquidity line ; press release, staff report, and statement by the Executive Director for Morocco
Mazarei, Adnan (contributor) - 2015
EXECUTIVE SUMMARY The economy is recovering and the outlook is favorable but still subject to significant risks. After slowing to below 2 1\2 percent in 2014, growth is expected to be close to 5 percent in 2015, boosted by a strong agricultural output and a gradual acceleration of activity in...
Persistent link: https://www.econbiz.de/10011377193
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Disinflation and Fiscal Reform : A Neoclassical Perspective
Rigobon, Roberto - 2002
During the last two decades, many Latin American countries engaged in disinflation programs based on both exchange rate management and fiscal reforms. However, in most instances, part of the fiscal reform was delayed or not implemented completely, so the fiscal deficit increased and the program...
Persistent link: https://www.econbiz.de/10012470009
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Optimal Monetary and Fiscal Policy in a Currency Union
Gali, Jordi - 2005
We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest rate for the union as a whole. Fiscal policy is...
Persistent link: https://www.econbiz.de/10012466856
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Joined at the Hip : Monetary and Fiscal Policy in a Liquidity-Dependent World
Calvo, Guillermo; Velasco, Andrés - National Bureau of Economic Research - 2022
We study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services … the supply of bonds. Those movements in government bond prices affect available liquidity, and therefore aggregate demand … interest rate on money. We conclude that in a liquidity-dependent world, fiscal and monetary policies are joined at the hip …
Persistent link: https://www.econbiz.de/10013172164
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Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective
Hansen, Gary - 2013
Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to …
Persistent link: https://www.econbiz.de/10012459229
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Monetary policy and inequality under labor market frictions and capital-skill complementarity
Dolado, Juan J.; Motyovszki, Gergö; Pappa, Euē - 2018
In order to improve our understanding of the channels through which monetary policy has distributional consequences, we build a New Keynesian model with incomplete asset markets, asymmetric search and matching (SAM) frictions across skilled and unskilled workers and, foremost, capital-skill...
Persistent link: https://www.econbiz.de/10011853562
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Firm market power and the earnings distribution
Webber, Douglas A. - 2013
Using linked employer-employee data, I compute firm-level measures of the labor supply elasticity facing each private non-farm firm in the US. I provide the first direct evidence of the positive relationship between a firm's labor supply elasticity and the earnings of its workers. I also...
Persistent link: https://www.econbiz.de/10009730795
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The European youth guarantee : labor market context, conditions and opportunities in Italy
Pastore, Francesco - 2015
This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In principle, the program should be able to affect the frictional and mismatch components of unemployment, if not the Keynesian and neoclassical ones, as also the experience of...
Persistent link: https://www.econbiz.de/10010498539