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Tax reforms and fiscal shock smoothing
Amaglobeli, David; Jaramillo Echeverri, Laura; Karnane, … - 2019
This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular those that broaden the tax base, significantly enhance the ability of fiscal policy to mitigate...
Persistent link: https://www.econbiz.de/10012021994
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What drives fluctuations of labor wedge and business cycles? : evidence from Japan
Inaba, Masaru; Nutahara, Kengo; Shirai, Daichi - In: Journal of macroeconomics 72 (2022), pp. 1-14
Persistent link: https://www.econbiz.de/10013329681
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Inflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobility
Chakrabarti, Anindya S. - In: Journal of macroeconomics 50 (2016), pp. 151-167
Persistent link: https://www.econbiz.de/10011707875
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Excess Liquidity and the Effectiveness of Monetary Policy : Evidence From Sub-Saharan Africa
Saxegaard, Magnus - 2006
This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …
Persistent link: https://www.econbiz.de/10014400369
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From Lombard Street to Avenida Paulista : Foreign Exchange Liquidity Easing in Brazil in Response to the Global Shock of 2008-09
Stone, Mark R. - 2009
The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs … from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper … documents and analyzes the foreign exchange liquidity providing measures of the Banco Central do Brasil (BCB) in response to …
Persistent link: https://www.econbiz.de/10014402073
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Getting to know GIMF : the simulation properties of the global integrated monetary and fiscal model
Anderson, Derek; Hunt, Benjamin F.; Kortelainen, Mika; … - 2013
Persistent link: https://www.econbiz.de/10009726538
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Macroeconomic effects of reforms on three diverse oil exporters : Russia, Saudi Arabia, and the UK
Beidas-Strom, Samya; Lorusso, Marco - 2019
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest...
Persistent link: https://www.econbiz.de/10012112123
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Cross-border transmission of fiscal shocks : the role of monetary conditions
Blagrave, Patrick; Ho, Giang; Koloskova, Ksenia; … - 2018
Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillovers. Standard New Keynesian models predict the cross-border transmission of...
Persistent link: https://www.econbiz.de/10011852565
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Inflation bias and markup shocks in a LAMP model with strategic interaction of monetary and fiscal policy
Albonico, Alice; Rossi, Lorenza - In: Journal of macroeconomics 52 (2017), pp. 39-55
Persistent link: https://www.econbiz.de/10011752658
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The effects of monetary policy across fiscal regimes
Kloosterman, Roben; Bonam, Dennis; Veer, Koen J. M. van der - In: Journal of macroeconomics 81 (2024), pp. 1-24
Persistent link: https://www.econbiz.de/10015064445