Die japanische Wirtschaft zeigt nach der Natur- und Atomkatastrophe Erholungserscheinungen. Das Bruttoinlandsprodukt ist wieder kräftig gestiegen. Dazu haben nicht zuletzt staatliche Ausgabenprogramme beigetragen, die die binnenwirtschaftliche Nachfrage stützen. Allerdings hat sich dadurch die...

This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...

The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...

The era of US state branching deregulation started in 1970 and ended up with the enactment of the Riegle Neal Act of 1994. One of the purposes of the branching restriction was to avoid bank concentration. The following paper addresses the influence of the state deregulation on commercial...

This article evaluates the presence of dynamic inconsistency on decisions of discretionary environmental policy, and its incidence on social welfare. It is assumed that an environmental authority minimizes a social welfare loss function controlling freely – on each period – a tax rate by...