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Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses.

Rochon, Céline - 2006

Persistent link: https://www.econbiz.de/10012691152

Mircheva, Borislava; Muir, Dirk - International Monetary Fund (IMF) - 2015

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …

Persistent link: https://www.econbiz.de/10011242239

International Spillover of Labor Market Reforms

Dao, Mai - 2008

This paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results...

Persistent link: https://www.econbiz.de/10012677588

Environmental Tax Reform : Principles from Theory and Practice to Date

Parry, Ian W.H - 2012

energy/environmental tax systems in Germany, Sweden, Turkey, and Vietnam suggests that there is substantial scope for policy … Reforms: The Case of Germany, Sweden, Turkey, and Vietnam -- A. Comparing Energy Systems in Sweden, Germany, Turkey, and … Energy under the Value-Added Tax System -- 5. Environmental Tax Reforms in Sweden, Germany, Turkey, and Vietnam -- References. …

Persistent link: https://www.econbiz.de/10012684557

Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis

Vitek, Francis - International Monetary Fund (IMF) - 2013

This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...

Persistent link: https://www.econbiz.de/10010790263

Fiscal policy and the real exchange rate

Chatterjee, Santanu; Mursagulov, Azer - 2012

Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with...

Persistent link: https://www.econbiz.de/10009572527

Fiscal foresight and information flows

Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2012

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...

Persistent link: https://www.econbiz.de/10009618558

What determines government spending multipliers?

Corsetti, Giancarlo; Meier, André; Müller, Gernot J. - 2012

This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...

Persistent link: https://www.econbiz.de/10009618568

Policy analysis and forecasting in the world economy : a panel unobserved components approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

Persistent link: https://www.econbiz.de/10009618572

Fiscal rules in response to the crisis : toward the “next-generation” rules ; a new dataset

Schächter, Andrea; Kinda, Tidiane; Budina, Nina; … - 2012

Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to...

Persistent link: https://www.econbiz.de/10009620970

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