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Thick vs. thin-skinned : technology, news, and financial market reaction

Eichengreen, Barry; Lafarguette, Romain; Mehl, Arnaud - 2017

We study the impact of technology on the reaction of financial markets to information, focusing on the foreign exchange market. We contrast the 'thin-skinned' view that technological improvements cause markets to react more to new information with the 'thick-skinned' view that they react less....

Persistent link: https://www.econbiz.de/10011671099

How did markets react to stress tests?

Candelon, Bertrand; Sy, Amadou N. R. - 2015

Persistent link: https://www.econbiz.de/10011281613

Back to the future : fiscal rules for regaining sustainability in Belize

Cevik, Serhan - 2019

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...

Persistent link: https://www.econbiz.de/10012154706

Aggregate stability and balanced-budget rules

Ghilardi, Matteo F.; Rossi, Raffaele - 2014

Persistent link: https://www.econbiz.de/10010389578

Regional labor market adjustments in the United States and Europe

Dao, Mai; Furceri, Davide; Loungani, Prakash - 2014

Persistent link: https://www.econbiz.de/10010389588

Bunching at 3 percent : the Maastricht fiscal criterion and government deficits

Caselli, Francesca; Wingender, Philippe - 2018

This paper estimates the effects of the Maastricht treaty's fiscal criterion on EU countries' general government … deficits and surpluses. After the rule is adopted, the distribution of government deficits among EU countries displays 20 … significant. Finally, we derive country-specific impacts under a rank invariance assumption and find that all EU countries have …