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The political economy under monetary union: has the euro made a difference?
Fratzscher, Marcel; Stracca, Livio - 2008
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …
Persistent link: https://www.econbiz.de/10011605002
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Fiscal policy in the EU in the crisis: A model-based approach
Székely, István P.; Roeger, Werner; Veld, Jan in 't - 2011
This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...
Persistent link: https://www.econbiz.de/10011430871
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Where next for monetary policy? Lessons from the financial crisis and the pandemic
Minford, Patrick - 2023
Monetary developments of recent decades began with much promise with inflation targeting by independent central banks; the financial crisis of 2007 ushered in a period of great monetary instability. There are lessons for a return to more stability. Central banks need to stabilize money supply...
Persistent link: https://www.econbiz.de/10014480560
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Money, Regulation and Growth: Financing New Growth in Europe
Bruni, Franco; Ganchev, Gancho; Tsenkov, Vladimir; … - 2014
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference “Money, Regulation and Growth: Financing New Growth in Europe” at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan...
Persistent link: https://www.econbiz.de/10011689965
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Essays on macroeconomic effects of fiscal policy rules
Railavo, Jukka - 2006
an active monetary - active fiscal policy regime consistent with stability of the economy.We show that, if we take supply …
Persistent link: https://www.econbiz.de/10012148897
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The peso appreciation and monetary-fiscal coordination
Sicat, Gerardo P. - 2012
The Philippine peso appreciation has been creating serious problems for the economy because of the high degree of …
Persistent link: https://www.econbiz.de/10010333558
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The unintended consequences of the debt: Will increased government expenditure hurt the economy?
Werner, Richard A. - 2011
the economy and prevent a more serious recession. In this study, the overall impact of a substantial increase in fiscal … that of Japan in the 1990s. Then a weak economy with risk-averse banks seemed to require some of the largest peacetime …
Persistent link: https://www.econbiz.de/10010308564
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Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth
Nijkamp, Peter; Jacques Poot, Victoria - 2002
The issue of whether the public sector enhances or retards long-run economic growth has been debated passionately in recent years. In this paper we use meta-analysis to shed light on the issue. A sample of 93 published studies, yielding 123 meta-observations, is used to examine the robustness of...
Persistent link: https://www.econbiz.de/10010324745
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Finland and Its Northern Peers in the Great Recession
Suni, Paavo; Vihriälä, Vesa - 2016
exceptional negative shocks in combination with a too weak capacity of the economy to improve its cost competitiveness in the …
Persistent link: https://www.econbiz.de/10012037669
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Study on quality of public finances in support of growth in the mediterranean partner countries of the EU
De Wulf, Luc; Coutinho, Leonor; Sassanpour, Cyrus; … - 2010
Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...
Persistent link: https://www.econbiz.de/10010326589