Narrow search
Showing 1 - 10 of 34,344
Cover Image
Monetary policy and wandering overinvestment cycles in East Asia and Europe
Schnabl, Gunther - 2017
The paper analyses the role of monetary policy for cyclical movements of investment and asset markets in East Asia and Europe based on a Mises-Hayek overinvestment framework. It is shown how the gradual global decline of interest rates has triggered wandering overinvestment cycles in Japan,...
Persistent link: https://www.econbiz.de/10011655779
Cover Image
The failure of ECB monetary policy from a Mises-Hayek perspective
Schnabl, Gunther - 2017
The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...
Persistent link: https://www.econbiz.de/10011619626
Cover Image
Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...
Persistent link: https://www.econbiz.de/10012649097
Cover Image
Independent or Coordinated? Monetary and Fiscal Policy in Emu
Lambertini, Luca; Rovelli, Riccardo - 2002
We examine, in a suitable theoretical framework, the relations between monetary and fiscal policies within the European Economic and Monetary Union (EMU). Our stylized setup of EMU includes the following political agents, each endowed with an objective function: (i) A central authority (EC),...
Persistent link: https://www.econbiz.de/10014123763
Cover Image
The Impact of Fiscal and Monetary Policy on Unemployment Rate in Nigeria
Onwuka, Chinonye Emmanuel - 2021
This study empirically examined the impact of fiscal and monetary policy on unemployment rate using data between the … percent variations in the unemployment rate were explained by the independent variables. Also, its adjusted counterpart is 0 ….602 and its shows that about 60 percent growth in unemployment rate can be explained by the independent variables. The unit …
Persistent link: https://www.econbiz.de/10013312655
Cover Image
Macroeconomic stabilisation properties of a euro area unemployment insurance scheme
Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020
supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …
Persistent link: https://www.econbiz.de/10012241162
Cover Image
Monetary and Fiscal Unification in the EU : A Stylized Analysis
Huart, Florence; Van Aarle, Bas - 2020
The Economic and Monetary Union (EMU) implies a considerable change in monetary and fiscal policy design in the European Union. With the aid of a two-country version of the Alesina and Tabellini (1987) model, this paper provides a stylized analysis of monetary and fiscal policy interaction in...
Persistent link: https://www.econbiz.de/10014070254
Cover Image
COVID-19 and public support for the euro
Roth, Felix; Jonung, Lars; Most, Aisada - 2023
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013541792
Cover Image
COVID-19 and public support for the euro
Roth, Felix; Jonung, Lars; Most, Aisada - 2022
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013455597
Cover Image
Fiscal transfers in a monetary union with exit option
Hefeker, Carsten; Neugart, Michael - 2015
It is widely debated whether a monetary union has to be accompanied by a fiscal transfer scheme to accommodate asymmetric shocks. We build a model of a monetary union with a central bank and two heterogeneous countries that are linked by a fiscal transfer scheme with repercussions on monetary...
Persistent link: https://www.econbiz.de/10010492336