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Wage-Price Dynamics and Structural Reforms in Japan
Porcellacchia, Davide - 2016
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the … role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …
Persistent link: https://www.econbiz.de/10012996094
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German labor market and fiscal reforms 1999-2008 : Can they be blamed for intra-euro area imbalances?
Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - In: Journal of macroeconomics 50 (2016), pp. 307-324
Persistent link: https://www.econbiz.de/10011707897
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Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries
Lemus, Antonio - 2015
Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public...
Persistent link: https://www.econbiz.de/10013036636
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Optimal monetary-fiscal policy in the euro area liquidity crisis
Filiani, Pasquale - In: Journal of macroeconomics 70 (2021), pp. 1-19
Persistent link: https://www.econbiz.de/10013275458
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Fiscal Rules and the Budget Process
Milesi-Ferretti, Gian Maria - 2006
This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a quot;fiscal deficit biasquot; and the empirical evidence on the economic, political and institutional factors leading to this...
Persistent link: https://www.econbiz.de/10012782040
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The Design of Fiscal Reform Packages : Insights from a Theoretical Endogenous Growth Model
Hodge, Andrew - 2016
This paper studies the impact on growth, welfare, and government debt of fiscal reform packages in a theoretical model drawing together three key features of the endogenous growth literature: (i) investment in technology (in the form of human capital) offsets diminishing marginal productivity of...
Persistent link: https://www.econbiz.de/10012977816
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Italy : Toward a Growth-Friendly Fiscal Reform
Andrle, Michal - 2018
Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balanceby 2020, although concrete, high-quality measures to meet the target are yet to be specified.This paper seeks to contribute to the discussion by (i) assessing spending patterns to identifyareas for...
Persistent link: https://www.econbiz.de/10012922626
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Fiscal foresight : do expectations have cross-border effects?
Romano, Simone - In: Journal of macroeconomics 57 (2018), pp. 71-82
Persistent link: https://www.econbiz.de/10012127887
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A Balancing Act : Reform Options for Paraguay's Fiscal Responsibility Law
David, Antonio C. - 2017
Paraguay faces a trade-off between building fiscal credibility and amending the existing fiscal rule to accommodate infrastructure investment and provide space for countercyclical policies. In this paper, we discuss several alternative fiscal rules for Paraguay and present simulations of debt...
Persistent link: https://www.econbiz.de/10012950432
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Anatomy of credit-less recoveries
Corrado, Luisa; Rossi, Isolina - In: Journal of macroeconomics 62 (2019), pp. 1-24
Persistent link: https://www.econbiz.de/10012243488