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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

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

The liquidity channel of fiscal policy

Bayer, Christian; Born, Benjamin; Luetticke, Ralph - In: Journal of monetary economics 134 (2023), pp. 86-117

Persistent link: https://www.econbiz.de/10014279120

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

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

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

A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms

Velasco, Andres - 1997

This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...

Persistent link: https://www.econbiz.de/10012472479

Fiscal fragility : what the past may say about the future

Aizenman, Joshua - 2010

The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated...

Persistent link: https://www.econbiz.de/10012462179

Anchoring Fiscal Expectations

Leeper, Eric M. - 2009

In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...

Persistent link: https://www.econbiz.de/10012463382

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