Similar Search Results

Post-war experiences with developmental central banks : the good, the bad and the hopeful

Epstein, Gerald A. - 2009

Persistent link: https://www.econbiz.de/10014301611

Liquidity shortfalls during the COVID-19 outbreak : assessment and policy responses

Demmou, Lilas; Franco, Guido; Calligaris, Sara; … - 2020

crisis. In particular, it evaluates the extent to which firms may run into a liquidity crisis following the COVID-19 outbreak … face liquidity shortfalls after 10 months since the implementation of confinement measures. Comparing the impact of … relieve wage bills is the most effective tool to reduce liquidity shortages, followed by debt moratorium policies. Finally …

Persistent link: https://www.econbiz.de/10012421252

The conduct of monetary policy in the future : instrument use

Inaba, Kei-Ichiro; O'Farrell, Rory; Rawdanowicz, Łukasz; … - 2015

due to new liquidity requirements. The transition to this situation will be lengthy and will require a mixture of … liquidity draining instruments. Alternatively, they could adopt a floor system, which may benefit financial stability. The use …

Persistent link: https://www.econbiz.de/10011392833

Fiscal rules for sub-central governments, update of the institutional indicator

Leyen, Kaja von der - 2013

Fiscal rules that constrain sub-central government (SCG) budgeting are very common across the OECD, but there are substantial cross-country differences in their implementation and impact. This paper presents the 2011 update of the fiscal rules database established in 2005. As in 2005, budget...

Persistent link: https://www.econbiz.de/10009769641

Europe's new fiscal rules

Barnes, Sebastian; Davidsson, David; Rawdanowicz, Łukasz - 2012

Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called “six pack” to upgrade the Stability and Growth Pact to a new Treaty incorporating the “fiscal...

Persistent link: https://www.econbiz.de/10009690998

The effect of the size and the mix of public spending on growth and inequality

Fournier, Jean-Marc; Johansson, Åsa - 2016

This paper provides evidence on the effects of the size and the composition of public spending on long-term growth and inequality. An estimated baseline convergence model captures the long-term effect of human capital and total investment on potential output for a panel of OECD countries. The...

Persistent link: https://www.econbiz.de/10011578188

The positive effect of public investment on potential growth

Fournier, Jean-Marc - 2016

An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on potential output for a panel of OECD countries is augmented with public investment and its components. The estimations suggest that public investment has a positive effect on...

Persistent link: https://www.econbiz.de/10011578195

Fiscal consolidation

2012

Persistent link: https://www.econbiz.de/10009690295

How effective are automatic fiscal stabilisers in the OECD countries?

Maravalle, Alessandro; Rawdanowicz, Łukasz - 2020

This paper proposes an approach to assess the extent of automatic fiscal stabilisation of aggregate household disposable income after a specific shock. The approach is based on the national account identity of household disposable income and elements of the OECD methodology to cyclically adjust...

Persistent link: https://www.econbiz.de/10012420959

Reducing macroeconomic imbalances in Turkey

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; Erdoğan … - 2014

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...

Persistent link: https://www.econbiz.de/10010464946