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European Integration and Employment: A New Role for Active Fiscal Policies?
Gatti, Donatella - 2002
This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms? market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve employment...
Persistent link: https://www.econbiz.de/10010262742
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European Integration and Employment: A New Role for Active Fiscal Policies?
Gatti, Donatella - Institute for the Study of Labor (IZA) - 2002
This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms’ market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve...
Persistent link: https://www.econbiz.de/10005566365
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China's high saving puzzle
Ma, Guonan; Yang, Dennis Tao - 2013
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10010293143
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Aggregate savings and external imbalances in China
Yang, Dennis Tao - 2012
Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …
Persistent link: https://www.econbiz.de/10010289985
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China's High Saving Puzzle
Ma, Guonan; Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2013
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10010791521
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Aggregate Savings and External Imbalances in China
Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2012
Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …
Persistent link: https://www.econbiz.de/10010791526
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How Does Globalization Affect the Synchronization of Business Cycles?
Kose, M. Ayhan; Prasad, Eswar; Terrones, Marco E. - 2003
This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...
Persistent link: https://www.econbiz.de/10010276292
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Transmission of US and EU Economic Policy Uncertainty Shock to Asian Economies in Bad and Good Times
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South … asymmetric effect on macro variables of China, Hong Kong, and South Korea during the quantitative easing period (QE) and the …
Persistent link: https://www.econbiz.de/10012269952
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Cross-Country Connectedness in Inflation and Unemployment: Measurement and Macroeconomic Consequences
Pham, Binh Thai; Sala, Hector - 2021
We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro setting– to explore the extent and consequences of...
Persistent link: https://www.econbiz.de/10012597358
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Effectives of Monetary Policy under the High and Low Economic Uncertainty States: Evidence from the Major Asian Economies
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2021
This study examines the monetary policy effectiveness of five major Asian countries (China, Hong Kong, India, Japan …
Persistent link: https://www.econbiz.de/10012597566