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Can successful fiscal adjustments only be achieved by spending cuts?
Wiese, Rasmus; Jong-A-Pin, Richard; Haan, Jakob de - In: European journal of political economy 54 (2018), pp. 145-166
Persistent link: https://www.econbiz.de/10011975916
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Interactions Between Monetary and Fiscal Policy : How Monetary Conditions Affect Fiscal Consolidation
Ahrend, Rudiger - 2006
This paper assesses how and in what circumstances, fiscal consolidations are affected by monetary conditions, using data covering 24 OECD countries over the past 25 years, Focusing on fiscal consolidation “episodes”, it is found that these tend to occur when large budget deficits threaten...
Persistent link: https://www.econbiz.de/10012444085
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Macroeconomic Policy and Economic Performance
de Lima, Pedro - 2003
This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two decades and, within the limits of the existing empirical research, evaluates the overall costs and benefits for the OECD economies. The general findings for monetary policy are that,...
Persistent link: https://www.econbiz.de/10012444501
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Iceland: Challenging Times for Monetary and Fiscal Policies
de Michelis, Andrea - 2009
Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have...
Persistent link: https://www.econbiz.de/10012445717
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Growth-Promoting Policies and Macroeconomic Stability
Sutherland, Douglas; Hoeller, Peter - 2013
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...
Persistent link: https://www.econbiz.de/10014151193
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Real-time fiscal policy responses in the OECD from 1997 to 2018 : procyclical but sustainable?
Aldama, Pierre; Creel, Jérôme - In: European journal of political economy 73 (2022), pp. 1-21
Persistent link: https://www.econbiz.de/10013346662
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Simulating the OECD INTERLINK Model under Alternative Monetary Policy Rules
Richardson, Pete - 1990
This paper reviews the influence of a variety of different monetary rules for the G3 economies on the comparative simulation properties of a recent version of the OECD INTERLINK model. The simulated shocks are typically of a "global" nature, with the main objective being to assess the relative...
Persistent link: https://www.econbiz.de/10012445847
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Quasi real time early warning indicators for costly asset price boom/bust cycles : a role for global liquidity
Alessi, Lucia; Detken, Carsten - In: European journal of political economy 27 (2011) 3, pp. 520-533
Persistent link: https://www.econbiz.de/10009259927
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Factors Driving Risk Premia
Sløk, Torsten - 2004
fundamentals coupled with OECD-wide abundant liquidity. Regarding the latter two factors, principal component analysis was used … analysis finds that both economic fundamentals and liquidity have played a statistically significant role in driving the common … factor. It also finds that liquidity (measured as the GDP weighted average of M3 of the three major economies less its trend …
Persistent link: https://www.econbiz.de/10012445763
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The effects of financial crisis on fiscal positions
Tagkalakis, Athanasios - In: European journal of political economy 29 (2013), pp. 197-213
Persistent link: https://www.econbiz.de/10009726255