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Business cycle synchronization and insurance mechanisms in the EU

Afonso, António (contributor); Furceri, Davide (contributor) - 2007

Persistent link: https://www.econbiz.de/10003594241

Business cycle synchronization and insurance mechanisms in the EU

Afonso, António (contributor); Furceri, Davide (contributor) - 2007

In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...

Persistent link: https://www.econbiz.de/10003599656

The future of the euro : is there an alternative to the stability and growth pact?

Arestis, Philip (contributor); MacCauley, Kevin (contributor) - 2001

This brief provides a detailed description of the Stability and Growth Pact, an agreement entered into by the member states of the European Union that has far-reaching implications for the long-run value of the euro, and therefore, on the real economy in terms of output growth and employment....

Persistent link: https://www.econbiz.de/10003353724

Sovereign debt crisis in Portugal and Spain

Afonso, António; Verdial, Nuno - 2020

into the Eurozone. We assessed the pricing of sovereign risk by performing an OLS/2SLS fixed effects panel analysis on a … pool of Eurozone countries and a SUR regression with Portugal and Spain covering the period 1999:11 until 2019:6. Our …. Specifically, market pricing of the Eurozone credit risk, liquidity risk and the risk appetite increased after the crisis and it …

Persistent link: https://www.econbiz.de/10012164218

The fiscal consequences of deflation : evidence from the Golden Age of globalization

Afonso, António; Jalles, João Tovar - 2016

Persistent link: https://www.econbiz.de/10011549515

Aspects of modern monetary and macroeconomic policies

Arestis, Philip (ed.); Hein, Eckhard (contributor); … - 2007 - 1. publ.

Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...

Persistent link: https://www.econbiz.de/10003377383

Aspects of Modern Monetary and Macroeconomic Policies

Arestis, Philip (ed.); Hein, Eckhard (ed.); … - 2007

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...

Persistent link: https://www.econbiz.de/10012054254

Economic policies since the global financial crisis

Arestis, Philip (ed.); Sawyer, Malcolm C. (ed.) - Economic Policies since the Global Financial Crisis …; … - 2017

This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007-2009. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour...

Persistent link: https://www.econbiz.de/10011669808

Market power and fiscal policy in OECD Countries

Afonso, António; Costa, Luis Filipe Pereira da - 2010

Persistent link: https://www.econbiz.de/10011571236

Money and banking : issues for the twenty-first century ; essays in honour of Stephen F. Frowen

Arestis, Philip (ed.); Frowen, Stephen F. (honouree) - 1993

Persistent link: https://www.econbiz.de/10013486871