Similar Search Results

Anti-dumping jumping : reciprocal anti-dumping and industrial location

Haaland, Jan I.; Wooton, Ian - 1996 - [Rev. version]

Persistent link: https://www.econbiz.de/10000595117

Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

Banks' maturity transformation : risk, reward, and policy

Bologna, Pierluigi - 2018

The aim of this paper is twofold: first, to study the determinants of banks' net interest margin with a particular focus on the role of maturity transformation, using a new measure of maturity mismatch; second, to analyse the implications for banks from the relaxation of a binding prudential...

Persistent link: https://www.econbiz.de/10011932580

Liability-Creating Versus Non-Liability-Creating Fiscal Stabilization Policies : Ricardian Equivalence, Fiscal Stabilization, and Emu

Masson, Paul R. - 1998

This paper looks at theoretical and empirical issues associated with the operation of fiscal stabilizers within an economy. It argues that such stabilizers operate most effectively at a national, rather than local, level. As differing cycles across regions tend to offset each other for the...

Persistent link: https://www.econbiz.de/10014400666

Soft Exchange Rate Bands and Speculative Attacks : Theory, and Evidence From the ERM Since August 1993

Bartolini, Leonardo - 1998

We present a model of a “soft” exchange rate target zone and interpret it as a stylized description of the post-August 1993 ERM. Our central bank targets a moving average of the current and past exchange rates, rather than the exchange rate’s current level, thus allowing the rate to move...

Persistent link: https://www.econbiz.de/10014400763

Ghostbusting : Which Output Gap Measure Really Matters?

Billmeier, Andreas - 2004

This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic analysis. I construct and compare common output gap measures for five European...

Persistent link: https://www.econbiz.de/10014401222

European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe : Theory and Evidence

Walsh, Patrick P. - 1998

product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market … non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that … explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period …

Persistent link: https://www.econbiz.de/10014403410

Fiscal Deficits and Inflation

Catão, Luis - 2003

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a new modeling approach that incorporates two key features of the theory. Unlike...

Persistent link: https://www.econbiz.de/10014403956

the Simplest Test of Target Zone Credibility

International Monetary Fund - 1990

Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within “rate-of-return bands” between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of...

Persistent link: https://www.econbiz.de/10014395839

Searching for the Virtues of the European Model

Saint-Paul, Gilles - 1994

The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor enter the production function. It is argued that distributional goals are best achieved by letting the labor market clear and achieving redistribution through taxes and transfers

Persistent link: https://www.econbiz.de/10014396078