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Fiscal rebalancing plans in the medium term: the case of the United Kingdom
Brunet, Júlia; Párraga Rodríguez, Susana
Artículo de revista ; The extraordinary fiscal policy response to mitigate the strong economic impact of the COVID-19 pandemic has pushed public debt notably higher, exceeding its peak levels of the last five decades in the main advanced economies. Additionally, support for the economic...
Persistent link: https://www.econbiz.de/10012526554
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Is fiscal policy coordination in EMU desirable?
Klaassen, F.J.G.M.; Beetsma, R.; Debrun, X. - 2001
It is widely argued that Europe's unified monetary policy calls for international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...
Persistent link: https://www.econbiz.de/10009459901
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Is fiscal policy coordination in EMU desirable?
Beetsma, R.M.W.J.; Debrun, X.; Klaassen, F.J.G.M. - 2001
Persistent link: https://www.econbiz.de/10009460272
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Fiscal Federalism, EMU and Shock Absorption Mechanisms: A Guide to the Literature
ECSA-Austria: European Integration online Papers
Fiscal federalism theory seeks to establish the optimal organization of a government, confined by certain geographic boundaries. The implications of that theory for the monetary unification process are shortly inquired. The literature measuring the redistribution and stabilization effects of the...
Persistent link: https://www.econbiz.de/10009483193
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Could the Stability and Growth Pact be Substituted by the Financial Markets?
ECSA-Austria: European Integration online Papers
In the discussions on the need for fiscal rules and their usefulness in a monetary union, researchers have not agreed if financial markets have a sufficiently disciplining effect on governments, which would mean that the fiscal rules are not necessary. This paper investigates whether the...
Persistent link: https://www.econbiz.de/10009483205
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FISCAL COUNCILS AS AN ELEMENT OF THE INSTITUTIONAL ENVIRONMENT OF FISCAL POLICY – THE CASE OF POLAND
CIAK, Jolanta Maria - 2016
Fiscal institutions, along with fiscal rules and budgetary procedures, are elements of the institutional environment of fiscal policy. Well pursued fiscal policy is reflected in the fiscal situation of a given country. The activities of many EU member countries and of Poland, done up till now,...
Persistent link: https://www.econbiz.de/10011437089
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Firm-level exchange rate exposure in the Eurozone
Hutson, Elaine; O'Driscoll, Anthony
Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …
Persistent link: https://www.econbiz.de/10009475709
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Fiscal policies in the euro area : revisiting the size of spillovers
Alloza Frutos, Mario; Burriel Llombart, Pablo; Pérez … - 2018
El tamaño de los efectos desbordamiento (spillovers) de la política fiscal en el área del euro se ha convertido en un tema de particular relevancia en la actualidad, habida cuenta de las propuestas sobre la coordinación de políticas fiscales que persiguen encontrar un tono agregado de...
Persistent link: https://www.econbiz.de/10012532167
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Essays on Technology, Fiscal Policy, and the Business Cycle.
Watanabe, Shingo - 2009
This dissertation empirically investigates macroeconomic fluctuations.In the first chapter, I study nontechnology shocks. It is popular to identify technology shocks as shocks permanently affecting labor productivity in SVAR. However it potentially misidentifies nontechnology shocks permanently...
Persistent link: https://www.econbiz.de/10009476545