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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

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

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

Fiscal policy implications for labor market outcomes in middle-income countries

Stepanyan, Ara; Leigh, Lamin - 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/10014275789

Monetary policy transmission and financial stability in a LIC : the case of Bangladesh

Rafiq, Sohrab - 2015

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....

Persistent link: https://www.econbiz.de/10011408240

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

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

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

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