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Dynamic effects of persistent shocks
Alloza, Mario; Gonzalo Muñoz, Jesus; Sanz, Carlos - 2019
Persistent link: https://www.econbiz.de/10012158755
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Normative fiscal policy and growth : some quantitative implications for the Chilean economy
Espino, Emilio; González Rozada, Martín - 2013
This paper explores the qualitative and quantitative implications of optimal taxation in a developing economy when … economic growth is endogenously determined. We differentiate this class of economies from a developed economy in two aspects … equilibrium allocations and Ramsey allocations in the context of a small open economy in which the interest rate is endogenously …
Persistent link: https://www.econbiz.de/10011303820
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Choosing the European fiscal rule
Buss, Ginters; Grüning, Patrick; Tkačevs, Olȩgs - 2021
Persistent link: https://www.econbiz.de/10012792380
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Why don't we follow the rules? : drivers of compliance with fiscal policy rules in emerging markets
Ardanaz, Martin; Ulloa-Súarez, Carolina; Valencia, Oscar M. - 2023
Under what conditions do countries comply with their fiscal policy rules? We tackle this question in the context of emerging countries, with a specific focus on Latin America and the Caribbean, a region where fiscal rules have become increasingly common in recent decades. Based on an original...
Persistent link: https://www.econbiz.de/10014546272
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Tight money-tight credit : coordination failure in the conduct of monetary and financial policies
Carrillo, Julio A.; Mendoza, Enrique G.; Nuguer, Victoria; … - 2019
Violations of Tinbergen's Rule and strategic interaction undermine monetary and financial policies significantly in a New Keynesian model with the Bernanke-Gertler accelerator. Welfare costs of risk shocks are large because of efficiency losses and income effects of costly monitoring, but they...
Persistent link: https://www.econbiz.de/10012127412
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On the design of labor market programs as stabilization policies
Jung, Euiyoung - 2021
Persistent link: https://www.econbiz.de/10012548125
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On policy interactions among nations : when do cooperation and commitment matter?
Kempf, Hubert (contributor);  … - 2008
This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To reconcile some puzzles in the recent literature on the nature of policy interactions among nations, we prove that games characterized by different commitment and cooperation schemes...
Persistent link: https://www.econbiz.de/10003714812
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Dynamic taxation, private information and money
Waller, Christopher - 2009
Persistent link: https://www.econbiz.de/10003867009
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The time consistency of the Friedman rule
Alvarez Garrido, Fernando (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001599618
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The existential trilemma of the EMU in a fiscal target-zone model
Della Posta, Pompeo; Tamborini, Roberto - 2021
Persistent link: https://www.econbiz.de/10013170849