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Empirical Investigation of Fiscal Policy Shocks in the UK
Kamal, Mona - Volkswirtschaftliche Fakultät, … - 2010
This article examines fiscal policy shocks in the UK through using a Bayesian Vector Autoregression (BVAR) model which applies Mountford and Uhlig (2009) type sign-restriction. It investigates the impact of three fiscal policy experiments on macroeconomic variable. Specifically, the...
Persistent link: https://www.econbiz.de/10008695101
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Macroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU
Truger, Achim; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004
-)Keynesian analysis is presented as a growth and employment-oriented alternative to this restrictive policy mix. Contrary to the strict … alternative requires the coordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price …
Persistent link: https://www.econbiz.de/10009327899
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European Monetary Union: Nominal convergence, real divergence and slow growth? An investigation into the effects of changing macroeconomic policy institutions associated with monet...
Hein, Eckhard; Truger, Achim - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2002
concept of money and their satisfaction may be largely endogenous to shifts in the economic policy regime. Growth and …, in this paper the effects of the new EMU institutional framework for monetary, fiscal and wage policies on overall growth … has neither been conducive to aggregate growth nor to real convergence across the euro area. In order to improve growth …
Persistent link: https://www.econbiz.de/10009327917
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Leitlinien für ein dauerhaftes Wachstum in der EU? Konzept und Wirkung der Grundzüge der Wirtschaftspolitik
Niechoj, Torsten; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004
growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but … this concept has not been able to generate sustained growth in the EU. Examining the guidelines we show the weaknesses of … the economic policy model behind it and outline an alternative concept which promises more growth for Europe in the long …
Persistent link: https://www.econbiz.de/10009327942
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Finance-dominated capitalism, re-distribution and the financial and economic crises - a European perspective
Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 2012
In this paper the euro crisis is viewed as the most recent episode of the crisis of finance-dominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10009397198
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Finance-dominated capitalism in crisis – the case for a Global Keynesian New Deal
Hein, Eckhard; Truger, Achim - Volkswirtschaftliche Fakultät, … - 2010
We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis – which began in 2007 – with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been...
Persistent link: https://www.econbiz.de/10008592982
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الإطار النظرى للتنسيق بين السياستين المالية والنقدية
Kamal, Mona - Volkswirtschaftliche Fakultät, … - 2010
This study aims to bring into view the importance of the coordination of fiscal and monetary policies through reviewing the theoretical framework for such coordination. This includes: the interaction between the two policies, the evolution of this issue in the economic literature, the...
Persistent link: https://www.econbiz.de/10008727883
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التحقق من أثر التنسيق بين السياستين المالية والنقدية على الأهداف الاقتصادية باستخدام نموذج قياسي
Kamal, Mona - Volkswirtschaftliche Fakultät, … - 2010
The objective of this study is to estimate an empirical model using pooled data for five industrialized countries to assess the impact of the coordination between monetary and fiscal policies on macroeconomic targets. Those countries are characterized with the existence of the institutional...
Persistent link: https://www.econbiz.de/10008728062
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تجربة الاتحاد النقدي الأوروبي في مجال التنسيق بين السياستين المالية والنقدية
Kamal, Mona - Volkswirtschaftliche Fakultät, … - 2010
This study presents the experience of the European Monetary Union (EMU) countries as an example for external coordination of fiscal and monetary policies under a fixed exchange rate regime. The Euro area is considered as a unique example since the coordination of the policies is achieved through...
Persistent link: https://www.econbiz.de/10008776842
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Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 2011
In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run effects of three …
Persistent link: https://www.econbiz.de/10009325648