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Fiscal rules and fiscal performance in the EU and Japan

Hagen, Jürgen von - 2006

such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … with some suggestions for the design of a strong fiscal rule in Japan. …

Persistent link: https://www.econbiz.de/10010374865

Fiscal rules and fiscal performance in the European Union and Japan

Hagen, Jürgen von - In: Monetary and economic studies 24 (2006) 1, pp. 25-60

Persistent link: https://www.econbiz.de/10003297480

Fiscal rules and fiscal performance in the EU and Japan

Hagen, Jürgen von - 2005

Persistent link: https://www.econbiz.de/10003226153

Fiscal rules and fiscal performance in the EU and Japan

Hagen, Jürgen von - 2005

Persistent link: https://www.econbiz.de/10003016761

Estimating a latent risk premium in exchange rate futures

Bernoth, Kerstin; Hagen, Jürgen von; Vries, Casper G. de - 2018

Using exchange rates futures instead of forwards completes the maturity spectrum of the correlation between the spot return and the premium. The correlation decreases with increasing maturity, presumably due to a latent risk premium. We hypothesize that the influence of the unobserved risk...

Persistent link: https://www.econbiz.de/10011843349

The forward premium puzzle and latent factors day by day

Bernoth, Kerstin; Hagen, Jürgen von; Vries, Casper G. de - 2010

We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...