Showing 1 - 10 of 11,426
Persistent link: https://www.econbiz.de/10010511571
Persistent link: https://www.econbiz.de/10012417122
Monetary policy leaves a fiscal footprint. In some circumstances, relieving the fiscal burden becomes the main goal of policy, and inflation control is subordinate. This article notes that the same is true of macroprudential policy, and it characterizes the size and sign of its fiscal footprint,...
Persistent link: https://www.econbiz.de/10012222608
In this paper, the focus lies on the way the German government spends, how it spends and what the connection between finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of the Eurozone, Germany's national central bank is not...
Persistent link: https://www.econbiz.de/10012201485
Persistent link: https://www.econbiz.de/10011789311
Persistent link: https://www.econbiz.de/10012614443
Persistent link: https://www.econbiz.de/10011592836
Recent work on financial frictions in New Keynesian models suggest that there is a sizable spread between the risk-less interest rate and the borrowing rate. We analyze the optimal policy mix of monetary and fiscal authorities in a currency union with a country-specific credit spread by...
Persistent link: https://www.econbiz.de/10010474215
Persistent link: https://www.econbiz.de/10011280130
Persistent link: https://www.econbiz.de/10009729485