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On price stability and welfare
Yehoue, Etienne B. - 2012
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion (Blanchard, Dell'Ariccia, and Mauro, 2010) has been to raise inflation targets to provide more room for...
Persistent link: https://www.econbiz.de/10009620967
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Modeling Politics with Economics tools; A Critical Survey of the Literature
Olters, Jan-Peter - International Monetary Fund (IMF) - 2001
Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that would permit the integration of the...
Persistent link: https://www.econbiz.de/10005605269
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A Framework for Efficient Government Investment
Warner, Andrew M. - International Monetary Fund (IMF) - 2013
Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies economize on spending without losing effectiveness by modifying the conceptual framework guiding state expenditures. The familiar framework says that state intervention is...
Persistent link: https://www.econbiz.de/10010790359
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Hold Your Nose and Vote
Pani, Marco - 2009
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...
Persistent link: https://www.econbiz.de/10012677738
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Spillovers in the Nordic Countries
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 … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no … 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
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Government Debt Issuance in the Euro Area
Fund, International Monetary - 2011
countries and Denmark. Using a newly constructed database on primary market debt issuance during 2007-09, we find evidence of a …
Persistent link: https://www.econbiz.de/10012677377
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Valuation of Unlisted Direct Investment Equity
Elkjaer, Thomas - 2009
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally...
Persistent link: https://www.econbiz.de/10012677498
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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
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Financial Markets and Public Finance in the Transformation Process
Tanzi, Vito - International Monetary Fund (IMF) - 1992
The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to...
Persistent link: https://www.econbiz.de/10005264034
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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