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Procyclical Fiscal Policy : Shocks, Rules, and Institutions - A View From MARS
Manasse, Paolo - 2006
Persistent link: https://www.econbiz.de/10012691153
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Monetary and Fiscal Policy Options for Dealing with External Shocks
Flores, Enrique - 2009
This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of...
Persistent link: https://www.econbiz.de/10012677750
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Improving Surveillance Across the CEMAC Region
Iossifov, Plamen - 2009
In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a...
Persistent link: https://www.econbiz.de/10012677509
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It's Never Different: Fiscal Policy Shocks and Inflation
Cevik, Serhan - 2023
economic conditions, as well as monetary policy type, exchange rate regimes and fiscal rules, at the time of the shock. We …
Persistent link: https://www.econbiz.de/10015059448
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Firm-level Digitalization and Resilience to Shocks: Role of Fiscal Policy
Nose, Manabu - 2023
-level digitalization would help strengthen firms' resilience to a shock, and fiscal interventions can play an important role to promote …
Persistent link: https://www.econbiz.de/10015059461
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The Return of Expansionary Austerity: Firms' Investment Response to Fiscal Adjustments in Emerging Markets
Magud, Nicolas - 2022
multiplier effect), it quickly rises above pre-shock levels. The rebound in investment is facilitated by fiscal space, flexible … investment contractions on impact, but drive private investment to above pre-shock levels. Finally, we exploit firm … sector and in larger and less indebted firms, and to show that the long-run benefits to economic activity of the fiscal shock …
Persistent link: https://www.econbiz.de/10015060537
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Riding global financial waves : the economic impact of global financial shocks on emerging market economies
Adler, Gustavo; Tovar, Camilo Ernesto - 2012
Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...
Persistent link: https://www.econbiz.de/10009620968
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What (really) accounts for the fall in hours after a technology shock?
Rebei, Nooman - 2012
neutral technology shock compare in a marginal likelihood race. To that end we construct and estimate several competing small … different hypotheses that generate the empirically observed decline in worked hours after a positive technology shock. These …
Persistent link: https://www.econbiz.de/10009621642
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Household production, services and monetary policy
Ngouana, Constant Lonkeng - 2012
A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to changes in the real wage - the opportunity cost of working at home - and changes in the price of market...
Persistent link: https://www.econbiz.de/10009621655
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Innocent bystanders? : monetary policy and inequality in the U.S.
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686