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Sustainability, Debt Management, and Public Debt Policy in Japan

Doi, Takero - 2006

authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …

Persistent link: https://www.econbiz.de/10012466308

Morocco : ex post evaluation of exceptional access under the 2012 precautionary and liquidity line arrangement ; press release, staff report, and statement by the Executive Directo...

Geiregat, C.; Ltaifa, Nabil; Dwight, Lawrence; Nkusu, M.; … - 2015

This paper discusses Morocco's Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line …

Persistent link: https://www.econbiz.de/10011376804

Morocco : second review under the arrangement under the precautionary and liquidity line ; press release, staff report, and statement by the Executive Director for Morocco

Mazarei, Adnan (contributor) - 2015

EXECUTIVE SUMMARY The economy is recovering and the outlook is favorable but still subject to significant risks. After slowing to below 2 1\2 percent in 2014, growth is expected to be close to 5 percent in 2015, boosted by a strong agricultural output and a gradual acceleration of activity in...

Persistent link: https://www.econbiz.de/10011377193

Disinflation and Fiscal Reform : A Neoclassical Perspective

Rigobon, Roberto - 2002

During the last two decades, many Latin American countries engaged in disinflation programs based on both exchange rate management and fiscal reforms. However, in most instances, part of the fiscal reform was delayed or not implemented completely, so the fiscal deficit increased and the program...

Persistent link: https://www.econbiz.de/10012470009

Optimal Monetary and Fiscal Policy in a Currency Union

Gali, Jordi - 2005

We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest rate for the union as a whole. Fiscal policy is...

Persistent link: https://www.econbiz.de/10012466856

Joined at the Hip : Monetary and Fiscal Policy in a Liquidity-Dependent World

Calvo, Guillermo; Velasco, Andrés - National Bureau of Economic Research - 2022

We study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services … the supply of bonds. Those movements in government bond prices affect available liquidity, and therefore aggregate demand … interest rate on money. We conclude that in a liquidity-dependent world, fiscal and monetary policies are joined at the hip …

Persistent link: https://www.econbiz.de/10013172164

Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective

Hansen, Gary - 2013

Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to …

Persistent link: https://www.econbiz.de/10012459229

Labor Market Dynamics When Ideas are Harder to Find

Bilal, Adrien; Engbom, Niklas; Mongey, Simon; Violante, … - National Bureau of Economic Research - 2021

This paper evaluates the impact of slowing economic growth on labor market dynamism and misallocation. It provides a model of endogenous growth via imitation in a frictional labor market. The framework accounts for rich data on worker job-to-job transitions as well as stochastic and lifecycle...

Persistent link: https://www.econbiz.de/10012696388

Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions

Krusell, Per - 2008

This paper analyzes a model that features frictions, an operative labor supply margin, and incomplete markets. We first provide analytic solutions to a benchmark model that includes indivisible labor and incomplete markets in the absence of trading frictions. We show that the steady state levels...

Persistent link: https://www.econbiz.de/10012464776

Wage Determination and Employment Fluctuations

Hall, Robert E. - 2003

Following a recession, the aggregate labor market is slack employment remains below normal and recruiting efforts of employers, as measured by vacancies, are low. A model of matching frictions explains the qualitative responses of the labor market to adverse shocks, but requires implausibly...

Persistent link: https://www.econbiz.de/10012468730

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