Narrow search
Showing 1 - 10 of 3,106
Cover Image
Unconventional monetary policies and central bank profits : seigniorage as fiscal revenue in the aftermath of the global financial crisis
Bibow, Jörg - 2018
This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the … as monetary policies are seeing their gradual "normalization". Seigniorage exposes the connections between currency … seigniorage, and in normal times seigniorage largely derives from the note issue supplemented by "own" resources. Essentially, the …
Persistent link: https://www.econbiz.de/10011910944
Cover Image
Money-financed fiscal stimulus : the effects of implementation lag
Tsuruga, Takayuki; Wake, Shota - 2018 - This version: August 2018
Previous studies argue that, based on the New Keynesian framework, a fiscal stimulus financed by money creation has a strong positive effect on output under a reasonable degree of nominal price rigidities. This paper investigates the effects of implementation lag in the moneyfinanced fiscal...
Persistent link: https://www.econbiz.de/10011882964
Cover Image
Keine strukturelle Verbesserung der Haushaltslage – Zu den Ergebnissen der Steuerschätzung vom November 2012
Breuer, Christian - In: ifo Schnelldienst 65 (2012) 22, pp. 13-18
Das günstige Steueraufkommen am aktuellen Rand hat den Arbeitskreis »Steuerschätzungen« bei seiner 141. Sitzung Ende Oktober 2012 dazu veranlasst, die Schätzung für das Jahr 2012 nach oben zu korrigieren. Für das laufende Jahr wird nunmehr mit einem Steueraufkommen in Höhe von 602,4 Mrd....
Persistent link: https://www.econbiz.de/10011693422
Cover Image
Public finance, aid, and post-conflict recovery
Boyce, James K. (contributor) - 2007
In the wake of violent conflict, a key element of building a durable peace is building a state with the ability to collect and manage public resources. To implement peace accords and provide public services, the government must be able to collect revenue, allocate resources, and manage...
Persistent link: https://www.econbiz.de/10003733938
Cover Image
Fiscal policy, income redistribution, and poverty reduction in Latin America
Lustig, Nora; Martinez Pabon, Valentina; Pessino, Carola - 2023
This paper uses standard fiscal incidence analysis to study how much income redistribution and poverty reduction are accomplished through the fiscal system in eighteen Latin American and Caribbean (LAC) countries. We show there is considerable heterogeneity in the income inequality and...
Persistent link: https://www.econbiz.de/10014546273
Cover Image
Environmental Fiscal Policy in an Endogenous Growth Model with Human Capital
Oueslati, Walid - 2003
This paper analyses environmental fiscal policy within a two-sector endogenous growth model with elastic labour supply. Pollution is modelled as a side product of production. The framework allows us to analyse the consequences of an environmental tax on the economic dynamics. Both transitional...
Persistent link: https://www.econbiz.de/10014129997
Cover Image
When Does it Pay to Tax? Evidence from State-Dependent Fiscal Multipliers in the Euro Area
Hondroyiannis, G.; Papaoikonomou, Dimitrios - 2022
The impact of fiscal policy on economic growth is investigated within a panel of euro area member states over the period 2004-2011. We mainly consider fiscal impulses identified by (a) changes in the structural primary balance, complemented by evidence from (b) the IMF narrative shocks developed...
Persistent link: https://www.econbiz.de/10014079017
Cover Image
Keine strukturelle Verbesserung der Haushaltslage – Zu den Ergebnissen der Steuerschätzung vom November 2012
Breuer, Christian - In: Ifo Schnelldienst 65 (2012) 22, pp. 13-18
Das günstige Steueraufkommen am aktuellen Rand hat den Arbeitskreis »Steuerschätzungen« bei seiner 141. Sitzung Ende Oktober 2012 dazu veranlasst, die Schätzung für das Jahr 2012 nach oben zu korrigieren. Für das laufende Jahr wird nunmehr mit einem Steueraufkommen in Höhe von 602,4 Mrd....
Persistent link: https://www.econbiz.de/10010595378
Cover Image
Monetary and fiscal policy in monetary union under the zero lower bound constraint
Flotho, Stefanie - 2012
This paper explicitly models strategic interaction between two independent national fiscal authorities and a single central bank in a simple New Keynesian model of a monetary union. Monetary policy is constrained by the zero lower bound on nominal interest rates. Coordination of fiscal policies...
Persistent link: https://www.econbiz.de/10010325141
Cover Image
Fiscal and monetary policy determinants of the Eurozone crisis and its resolution
Dabrowski, Marek - 2012
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10011430901