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Signalling fiscal stress in the euro area : a country-specific early warning system
Hernández de Cos, Pablo; Koester, Gerrit B.; …
La crisis de deuda soberana en la zona del euro ha aumentado el interés por los indicadores de alerta temprana. El principal objetivo de estos indicadores es anticipar la acumulación de desequilibrios fiscales para facilitar la prevención de crisis con las políticas fi scales y...
Persistent link: https://www.econbiz.de/10012530446
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Budget Surpluses and the End of Fiscal Restraint
Levy, Mickey D.
The era of fiscal restraint has ended, as the politics of surpluses have replaced the politics of deficits. The politics of deficits made its mark, fundamentally changing the nature and role of federal finances. The dramatic shift from cash flow deficits to surpluses involved reducing spending...
Persistent link: https://www.econbiz.de/10009483035
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Essays in the Macroeconomics of Emerging Countries
Seoane, Hernan Daniel - 2011
This dissertation is a collection of essays with the main objective of estimate and understand macroeconomic behavior of emerging countries by the lenses of modern tools in general equilibrium modeling. In the first chapter, I study whether structural parameters of Small Open Economy Real...
Persistent link: https://www.econbiz.de/10009475388
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Optimal Monetary and Fiscal Policy for Small Open and Emerging Economies
Fasolo, Angelo Marsiglia - 2010
This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single...
Persistent link: https://www.econbiz.de/10009475440
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Monetary and Fiscal Policies in Currency Board Systems and Monetary Unions
Grimm, Oliver - 2007
In der vorliegenden Arbeit beschäftige ich mich mit der theoretischen Analyse von Geld- und Fiskalpolitik in Currency …-Board-Systemen und der Währungsunion. Beide Währungssysteme haben seit den neunziger Jahren zunehmend an Bedeutung gewonnen, Currency … Währungsunion durch die Errichtung des Euro-Währungsraumes.Im ersten Teil der Dissertation wird theoretisch gezeigt, dass Currency …
Persistent link: https://www.econbiz.de/10009476166
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Infliacijos teisinė analizė
Seniut, Eva - 2007
A high inflation rate is the main obstacle prohibiting euro lead into the state, that‘s why the inflation theme is the urgent one. We analyzed the inflation not only from the economic perspective, but from the legal side too. The changes of property forms, legal tends, extent of inflation,...
Persistent link: https://www.econbiz.de/10009478992
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Output volatility in developing countries
De Hart, Petrus Jacobus - 2008
Over the past few decades, many countries have experienced a marked decline in the volatility of output. However, there is still a significant difference between developed and developing countries in the level of output volatility. A proposed explanation for this phenomenon is the impact of...
Persistent link: https://www.econbiz.de/10009457744
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"Adjusting to EMU: The impact of monetary union on domestic fiscal and wage-setting institutions"
Enderlein, Henrik. - 2003
This paper argues that when EU member states joined EMU, this resulted in domestic institutional changes in the areas of fiscal policy-making and wage-setting. The paper argues that these changes were triggered by two facts: (i) in EMU, the monetary policy can no longer be used as an instrument...
Persistent link: https://www.econbiz.de/10009463689
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"Adjusting to EMU: The impact of monetary union on domestic fiscal and wage-setting institutions"
Enderlein, Henrik. - 2003
This paper argues that when EU member states joined EMU, this resulted in domestic institutional changes in the areas of fiscal policy-making and wage-setting. The paper argues that these changes were triggered by two facts: (i) in EMU, the monetary policy can no longer be used as an instrument...
Persistent link: https://www.econbiz.de/10009463920
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The cyclicality of monetary and fiscal policy in South Africa since 1994
Du Plessis S.; Smit B.; Sturzenegger F. - 2007
This paper uses a structural vector-autoregression approach to discuss the cyclicality of fiscal and monetary policy in South Africa since 1994. There is substantial South African literature on this topic, but much disagreement remains. Though not undisputed, there is growing consensus that...
Persistent link: https://www.econbiz.de/10009480486