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Can macroeconomic policy stimulate private investment in South Africa? : new insights from aggregate and manufacturing sector-level evidence
Ndikumana, Léonce - 2005 - This draft: September 2005
This study explores the determinants of investment using both aggregated industry-level data and disaggretated data on … government has potentially powerful means at its disposal to stimulate private investment. In particular, a domestic demand … stimulus and public investment expansion will produce large gains in private investment. While the direct effects of lowering …
Persistent link: https://www.econbiz.de/10011527473
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Effect of fiscal and monetary policy on private investment in Vietnam
Le Thanh Tung - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 23 (2022) 2, pp. 427-434
This paper aims to identify the effect of fiscal and monetary policy on private investment in Vietnam, a transition … relationship between the policy variables and private investment. In the long run, the estimated result shows that the government … expenditure and money supply have positive and significant impacts on private investment, however, the exchange rate has a …
Persistent link: https://www.econbiz.de/10014247021
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The relevance of Haavelmo's macroeconomic theorizing for contemporary macro policy making
Chand, Sheetal K. - 2012 - Publisert 27. feb. 2012 09:34 - Sist endret 27. feb. 2012 10:49
the current predicament. -- financial crisis ; investment ; monetary and fiscal policies …
Persistent link: https://www.econbiz.de/10009501890
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The economic development of Northeast Asia
Smith, Heather (contributor) - 2002
Persistent link: https://www.econbiz.de/10001645263
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Weakness in investment growth : causes, implications and policy responses
Kose, M. Ayhan; Ohnsorge, Franziska; Ye, Lei; Islamaj, Ergys - 2017
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …
Persistent link: https://www.econbiz.de/10011635504
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Convex supply curves
Boehm, Christoph E.; Pandalai-Nayar, Nitya - 2020
We provide evidence that industries' supply curves are convex. To guide our empirical analysis, we develop a model, in which capacity constraints at the plant level generate convex supply curves at the industry level. The industry's capacity utilization rate is a sufficient statistic for the...
Persistent link: https://www.econbiz.de/10012271523
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Managing households' expectations with salient economic policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019
The empirical effectiveness of economic policies that operate theoretically through similar channels differs substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a policy whose implications are harder to understand by...
Persistent link: https://www.econbiz.de/10012057290
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Managing households' expectations with unconventional policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021
Binding lower bounds on interest rates and large government deficits limit the scope of fiscal and monetary policies to stimulate households' spending through financial intermediaries and firms. Policymakers have thus been implementing unconventional policies that aim to increase households'...
Persistent link: https://www.econbiz.de/10012490917
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Unconventional fiscal policy, inflation expectations, and consumption expenditure
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2016
Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price ination, and offer an alternative to unconventional monetary policy (Correia et al. (2013)). We use a natural experiment to study the causal effect of unconventional fiscal...
Persistent link: https://www.econbiz.de/10011436147
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Policy rules under the monetary and the fiscal theories of the price-level
Chadha, Jagjit - 2010 - First version: October 2004, this version: December 2010
Price-level determination requires co-ordination of monetary and fiscal policy to ensure a unique rational expectations equilibrium (REE). This paper derives a number of implications for simple interest rate rules resulting from various fiscal strategies. We show that fiscal choices under either...
Persistent link: https://www.econbiz.de/10008771335