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manner that allows the economy to converge to full employment with stable prices while avoiding financial instability and … negative spillovers to the global economy. This is a complex undertaking. To facilitate it, steps could be taken to expand the …
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This paper proposes a microfounded general equilibrium model of the U.S. and European economies suitable for analyzing the transmission of monetary and fiscal policy shocks between the U.S. and Europe. The focus is on understanding the determinants of transatlantic economic interdependence. A...
Persistent link: https://www.econbiz.de/10005074196
The paper discusses the latest economic crisis and the public policies used to mitigate the recession and improve the economic growth. The current target rate (monetary policy) is closed to zero since December 2008 with a new experimental policy (“quantitative easing”) to stimulate...
Persistent link: https://www.econbiz.de/10011167151
model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage …
Persistent link: https://www.econbiz.de/10011242253
economy grew at an annual rate of 1.8 percent in the first quarter of 2013, held down by sharp cuts in public spending, and …
Persistent link: https://www.econbiz.de/10011243005
developing Asia’s growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on … the non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing …
Persistent link: https://www.econbiz.de/10011142130
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