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High Noon at the EU corral. An economic plan for Europe, September 2011
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011
investment areas under foreign law (think of Magna Graecia). (2) EUR 400 billion can be injected in eurozone equity (and not … eurozone bonds) in banks to allow the increase from the 8% to the 10.5% target. This equity can be managed by newly created … independent ERC Investment Banks (ERBs), where the shares are allocated to eurozone member states in proportion to their GDP. This …
Persistent link: https://www.econbiz.de/10009294940
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Money as gold versus money as water
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2013
The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some … dependent upon current ad hoc measures, with the loss of welfare over the years 2008-2013+. If Eurozone nations create their own … of Greece and Italy. Their participation in the Eurozone was a political decision and thus the Eurozone must bear the …
Persistent link: https://www.econbiz.de/10011107257
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Fiscal Theory of Price Level
Daly, Hounaida; Smida, Mounir - Volkswirtschaftliche Fakultät, … - 2014
Lack of coordination between the monetary and fiscal authorities will result in inferior overall economic performance. This paper studies the interactions between monetary and fiscal policies and its effect on the economic performance by using al cointegration tests in the case of Euro Area....
Persistent link: https://www.econbiz.de/10011114139
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
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Fiscal Policy and Current Account Dynamics in Case of Pakistan
Javid, Attiya Y.; Javid, Muhammad; Arif, Umaima - Volkswirtschaftliche Fakultät, … - 2011
The study empirically investigates the effects of fiscal policy or government budget deficit shocks on the current account and the other macroeconomic variable: real output, real interest rate and exchange rate for Pakistan over the period 1960-2009. The structural Vector Autoregressive model is...
Persistent link: https://www.econbiz.de/10009368157
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The Us Dollar, the Euro, and the Yen : An Evaluation of Their Present and Future Status as International Currencies
Beckmann, Rainer - 2010
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
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Public Financial Management in Indonesia : Review of Islamic Public Finance
Jaelani, Aan - 2017
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
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Degrowth and sustainable public finance
Pasche, Markus - 2018
Persistent link: https://www.econbiz.de/10013459233
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TARGET2 Unlimited: Monetary Policy Implications of Asymmetric Liquidity Management within the Euro Area
Abad, José M; Loeffler, Axel; Zemanek, Holger - Volkswirtschaftliche Fakultät, … - 2011
This paper analyses the implications of a continued divergence of TARGET2 balances for monetary policy in the euro area. The accumulation of TARGET2 claims (liabilities) would make ECB’s liquidity management asymmetric once the TARGET2 claims in core countries have crowded out central bank...
Persistent link: https://www.econbiz.de/10009151126
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The Relevance of the fiscal Theory of the Price Level revisited
Thams, Andreas - Volkswirtschaftliche Fakultät, … - 2007
This paper analyzes empirically the impact of fiscal policy on the price level for Germany and Spain. We investigate, whether the fiscal theory of the price level (FTPL) is able to deliver a reasonable explanation for the different evolutions of the price levels in these two countries during...
Persistent link: https://www.econbiz.de/10005621643