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When enough agents do not participate in asset markets, the slope of the aggregate demand curve is reversed. Monetary policy should be passive, to ensure equilibrium determinacy and to minimize variations in output and inflation. This paper presents evidence that asset markets participation in...
Persistent link: https://www.econbiz.de/10009639468
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10009640273
This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to economic fluctuations in European Union countries. For this purpose, it uses data on legislated revenue changes and structural indicators provided twice per year by National Central...
Persistent link: https://www.econbiz.de/10009640461
This paper investigates how expectations about future government spending affect the transmission of fiscal policy shocks. We study the effects of two different types of government spending shocks in the United States: (i) spending shocks that are accompanied by an expected reversal of public...
Persistent link: https://www.econbiz.de/10009640911
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The European Union has been active in the field of women in science for 10 years now. Since the beginning, we have … concentrated on collecting information on the situation of women in European science, and on funding measures that encourage and … retain women in science and technology careers. We have had good results in these areas, but a lot has still to be done. . …
Persistent link: https://www.econbiz.de/10009639866
This background paper has been drafted to coincide with the hearing of the European Parliament's Committee on Women …'s Rights and Gender Equality (November 21st 2007, Brussels) on Women and Violence at work in the European Union. The European …
Persistent link: https://www.econbiz.de/10010254561