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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

Negative interest rates in the euro area : does it hurt banks?

Strasky, Jan; Hwang, Hyunjeong - 2019

The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide additional monetary accommodation in the situation where the neutral rate of interest is most likely negative, there are also unintended consequences for banks’ profitability...

Persistent link: https://www.econbiz.de/10012111120

Fiscal consolidation

2012

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

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

Financing the public sector in Latin America

Braga, José Carlos de Souza - 1995

Persistent link: https://www.econbiz.de/10000920825