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Do structural policies affect macroeconomic stability?
Ziemann, Volker - 2013
stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for … economic instability and for the persistence of adverse shocks. The results suggest that some growth-enhancing policies such as … lowering employment protection also reduce macroeconomic fluctuations, while others may generate trade-offs between growth and …
Persistent link: https://www.econbiz.de/10009769653
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Self-reported satisfaction and the economic crisis of 2007 - 10 : or how people in the UK and Germany perceive a severe cyclical downturn
Mertens, Antje; Beblo, Miriam - 2013
, inflation rates and GDP growth. We compare the UK and Germany, two countries with different employment protection regulations …. Looking at the impact of macroeconomic indicators such as GDP growth, inflation and unemployment, we find mostly diverse …
Persistent link: https://www.econbiz.de/10010128239
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Fiscal rules and economic cycles: Quality (always) matters
Andrián, Leandro; Hirs-Garzón, Jorge; Urrea, Iván; … - 2023
Governments can issue public debt for both good and bad reasons. The former include intertemporal tax smoothing, fiscal stimulus, and asset management. In contrast, the bad reasons, which generate higher indebtedness, are mainly associated with political cycles, rent capture, intergenerational...
Persistent link: https://www.econbiz.de/10014518205
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Central bank independence and the monetary instrument problem
Niemann, Stefan; Pichler, Paul; Sorger, Gerhard - 2010
instrument depends on the economic environment under consideration. In particular, the money growth instrument is to be preferred …
Persistent link: https://www.econbiz.de/10003951467
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Appropriate fiscal policy over the business cycle : proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
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Output persistence and upside down electoral business cycles : what does really matter?
Caleiro, António - 2006
This note shows in what circumstances output persistence may invert the pattern of the electoral cycle when inflation expectations are of the adaptive or rational type and the government preferences are quadratic over output and inflation.
Persistent link: https://www.econbiz.de/10011502962
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Some thoughts on macroeconomic fluctuations and the timing of labor market reform
Saint-Paul, Gilles - 2002
In this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...
Persistent link: https://www.econbiz.de/10011414121
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Forecasting and policy making
Wieland, Volker; Wolters, Maik H. - 2012
Persistent link: https://www.econbiz.de/10010394237
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Appropriate Fiscal Policy Over the Business Cycle : Proper Stimulus Policies Can Work
Graves, Philip E. - 2011
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10013133149
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Appropriate Fiscal Policy Over the Business Cycle : Proper Stimulus Policies Can Work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10013139182