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Policy Shocks in a Monetary Asset-Pricing Model with Endogenous Production / Politikeffekte in einem monetären Asset-Pricing-Modell mit Produktion
Schittko, Ulrich K.; Müller, Markus - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 1-2, pp. 147-167
Summary In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange...
Persistent link: https://www.econbiz.de/10014608656
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Managing Machu Picchu: institutional settings, business model and master plans
Zan, Luca; Lusiani, Maria - In: Journal of Cultural Heritage Management and Sustainable … 1 (2011) 2, pp. 157-176
Purpose – The purpose of this paper is to analyze elements of continuity and change in the administrative history of … discourses. Findings – At the macro level, in the recent past Peru has gone through a process of modernization of the State …
Persistent link: https://www.econbiz.de/10014847743
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Public infrastructure investment and fiscal sustainability in Latin America: incompatible goals?
Carranza, Luis; Daude, Christian; Melguizo, Angel - In: Journal of Economic Studies 41 (2014) 1, pp. 29-50
negative growth effects. Analyzing in detail the case of Peru, the paper explores alternative fiscal rules and frameworks that … the fiscal framework of Peru and shows how they were conductive in creating additional fiscal space. Findings – The … example of the case of Peru is used to explore fiscal institutions and rules that might be useful for other developing …
Persistent link: https://www.econbiz.de/10014864087
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Policy Effects in the Post Boom U.S. Economy
Fair, Ray C - In: Topics in Macroeconomics 5 (2005) 1
Abstract The paper analyzes the question why the U.S. economy in the 2000:4--2004:3 period was sluggish in light of the large expansionary fiscal and monetary policies that took place. The answer does not appear to be that there were large structural changes in the economy or systematic bad...
Persistent link: https://www.econbiz.de/10014588398
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Monetary and Fiscal Policy Analysis With an Agent-Based Macroeconomic Model
Haber, Gottfried - In: Jahrbücher für Nationalökonomie und Statistik 228 (2008) 2-3, pp. 276-295
Summary Macroeconomic policy analysis is a challenge for agent-based models because these types of model are generally much elaborated on the specific market levels for partial (micro) markets, but have been of limited use for macroeconomic policy issues due to calibration and “model...
Persistent link: https://www.econbiz.de/10014609201
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The Politics of Surprise Devaluations: Modelling Motives for Giving Up a Peg
Bohn, Frank - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 5-6, pp. 562-574
Summary Planned ‘‘surprise’’ devaluations are often spurred by non-economic circumstances: a rentseeking government; political instability; or the opportunity to put the blame on a predecessor government. In this paper, these aspects are incorporated in the monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10014609461
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The growth of government spending and the money supply
Kandil, Magda - In: Journal of Economic Studies 33 (2006) 6, pp. 406-436
Purpose – Using quarterly data for a sample of 17 industrial countries, the purpose of this paper is to study asymmetry in the face of monetary shocks compared to government spending shocks. Design/methodology/approach – The paper outlines demand and supply channels determining the...
Persistent link: https://www.econbiz.de/10014863126
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Great recession versus great depression: monetary, fiscal and banking policies
Alcidi, Cinzia; Gros, Daniel - In: Journal of Economic Studies 38 (2011) 6, pp. 673-690
Purpose – This paper sets out to explore three areas in which the experience of the great depression might be relevant today: monetary policy, fiscal policy, and the systemic stability of banks. Design/methodology/approach – A critical review of the US data for the 1920s and 1930s is...
Persistent link: https://www.econbiz.de/10014863305
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Active fiscal policy and macroeconomic stability
de Jesus, Cleiton Silva; Correia, Fernando Motta - In: Journal of Economic Studies 43 (2016) 5, pp. 749-762
Purpose The purpose of this paper is to investigate whether fiscal policy may be a complementary instrument to monetary policy in the macrostabilization process. Design/methodology/approach The authors developed a dynamic system with two linear differential equations in order to verify if an...
Persistent link: https://www.econbiz.de/10014864097
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Assessing the macroeconomic effects of fiscal policy in Colombia
Lozano, Ignacio; Rodríguez, Karen - In: Journal of Financial Economic Policy 3 (2011) 3, pp. 206-228
Purpose – The purpose of this paper is to study the short‐term macroeconomic effects of the fiscal policy in Colombia for the 1980‐2007 period using a structural vector autoregression (SVAR) model. Design/methodology/approach – The authors' benchmark is a five‐variable SVAR model which...
Persistent link: https://www.econbiz.de/10014866847