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The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary …
Persistent link: https://www.econbiz.de/10010289704
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10010324618
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10010280640
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The author examines the global impact of U.S. fiscal policy using the Bank of Canadas' Global Economy Model (Lalonde … that the expiration of previously enacted tax cuts in the United States will impose short-run costs on the U.S. economy …
Persistent link: https://www.econbiz.de/10010289667
shown that in a standard monetary economy, this policy rule implies that the price level depends not only on the money stock …
Persistent link: https://www.econbiz.de/10010280005
Persistent link: https://www.econbiz.de/10013370174
Using data from 1980 to 2004, we show that greater fiscal policy volatility acts as a transmission mechanism for the resource curse. Resource exports dominate political and institutional variables as determinants of fiscal policy volatility, with fiscal policy volatility being a significant...
Persistent link: https://www.econbiz.de/10010288484
gravierenden Folgen für die internationalen Finanzmärkte und für die Realwirtschaft. Obwohl das Wirtschaftswachstum mittlerweile …
Persistent link: https://www.econbiz.de/10011304551
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