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Shedding light on Argentina's macroeconomic trap : Macroeconomic Policy Regimes and Demand and Growth Regimes
Ianni, Juan Martín - 2023
Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post-Keynesian literature. However, the majority of studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to...
Persistent link: https://www.econbiz.de/10013500700
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Impacts of fiscal policy on economic growth : another look from institutional perspective
Ho Thuy Ai; Lin, Ping - 2018
What is the role of economic institutions in the effectiveness of fiscal policy? This paper argues that the extent to … determining role of institutions in emerging countries is more prominent than that in advanced economies which are pretty …
Persistent link: https://www.econbiz.de/10011852915
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Real sector macroeconomic stabilization and structural resilience in Africa
Krantz, Sebastian - 2022
Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper documents and seeks to explain these changes at...
Persistent link: https://www.econbiz.de/10013336273
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Government spending composition, aggregate demand, growth and distribution
Tavani, Daniele; Zamparelli, Luca - 2015
We study a demand-driven growth and distribution model with a public sector, both without and with government debt. Government spending is used to finance the accumulation of public capital and to pay wages to public employees. The interaction between public capital and induced technical change...
Persistent link: https://www.econbiz.de/10011390426
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The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe
Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...
Persistent link: https://www.econbiz.de/10011924544
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Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
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Is monetary financing inflationary? : a case study of the Canadian economy, 1935 - 75
Ryan-Collins, Josh - 2015
Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost...
Persistent link: https://www.econbiz.de/10011389179
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Exiting from Fragility in Sub-Saharan Africa : The Role of Fiscal Policies and Fiscal Institutions
Deléchat, Corinne - 2016
This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries … address endogeneity and reverse causality. We find that fiscal institutions and fiscal space, namely the capacity to raise tax … institutions in fragile states. The international community can help this process through policy advice, technical assistance, and …
Persistent link: https://www.econbiz.de/10012998767
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Endogenous business cycles and economic policy
Skott, Peter - 2023
This paper examines the dynamics of Keynesian models that incorporate feedback effects from the labor market to income distribution, investment, aggregate demand and output. A baseline version of the model can generate endogenous growth cycles, but cumulative divergence and economic collapse...
Persistent link: https://www.econbiz.de/10014229828
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Abenomics: from the "great stagnation" to the "three-arrows strategy"
Grabowiecki, Jerzy - In: International journal of management and economics 55 (2019) 3, pp. 201-211
This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...
Persistent link: https://www.econbiz.de/10012171656