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Big G
Cox, Lydia; Müller, Gernot J.; Pasten, Ernesto; … - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular; that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012388109
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Monetary policy, global liquidity and commodity price dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben - 2010
, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … clear empirical pattern it appears justified to argue that global liquidity merits attention in the same way as the …
Persistent link: https://www.econbiz.de/10003931399
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Monetary policy, global liquidity and commodity price dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben - 2010
, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … clear empirical pattern it appears justified to argue that global liquidity merits attention in the same way as the …
Persistent link: https://www.econbiz.de/10003934679
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Monetary policy, global liquidity and commodity price dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben - 2010
, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … clear empirical pattern it appears justified to argue that global liquidity merits attention in the same way as the …
Persistent link: https://www.econbiz.de/10010208787
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Sovereign risk, fiscal policy, and macroeconomic stability
Corsetti, Giancarlo; Küster, Keith; Meier, André; … - 2012
Persistent link: https://www.econbiz.de/10009502347
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Sovereign risk, fiscal policy, and macroeconomic stability
Corsetti, Giancarlo; Küster, Keith; Meier, André; … - 2012
Persistent link: https://www.econbiz.de/10009488220
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Sovereign risk, fiscal policy, and macroeconomic stability
Corsetti, Giancarlo; Küster, Keith; Meier, André; … - 2011
Persistent link: https://www.econbiz.de/10010196667
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Does austerity pay off? : conference paper
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2014
Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring market confidence, bringing about a reduction in yield...
Persistent link: https://www.econbiz.de/10010481328
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Does austerity pay off?
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2014
Policy makers often implement austerity measures when the sustainability of public finances is in doubt and, hence, sovereign yield spreads are high. Is austerity successful in bringing about a reduction in yield spreads? We employ a new panel data set which contains sovereign yield spreads for...
Persistent link: https://www.econbiz.de/10010463604
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Liquidity and the dynamic pattern of price adjustment : a global view
Belke, Ansgar (contributor); Orth, Walter (contributor);  … - 2008
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates … classes and consumer goods. -- global liquidity ; inflation control ; monetary policy transmission ; asset prices …
Persistent link: https://www.econbiz.de/10003794104