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Fiscal Implications of Interest Rate Normalization in the United States
Bi, Huixin - 2019
This paper studies the main channels through which interest rate normalization has fiscalimplications in the United States. While unexpected inflation reduces the real value ofgovernment liabilities, a rising policy rate increases government financing needs because ofhigher interest payments and...
Persistent link: https://www.econbiz.de/10012869280
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Financial policy and stabilization : the case of Russia
Popova, G. V.; Nerovnya, Yu. V.; Terentieva, V. V.; … - In: European research studies 21 (2018) 1, pp. 486-495
Persistent link: https://www.econbiz.de/10012238806
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Options for China in a dollar standard world : a sovereign currency approach
Wray, L. Randall; Liu, Xinhua - 2014
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
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New Monetary System
2012
Persistent link: https://www.econbiz.de/10013114444
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Did Fire, Police, and EMS Departments Take Advantage of the 9/11 Attacks to Get More Money?
Brasington, David M. - 2018
The terrorist attacks of September 11, 2001 increased U.S. patriotism, but did they affect voting behavior? Did fire, police, and EMS departments sense an opportunity to increase their funding after the highly-publicized rescue efforts? We find no evidence of more frequently proposed tax levies...
Persistent link: https://www.econbiz.de/10012924943
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Reserve requirements as an implicit tax : the case of Poland and Hungary
Konopielko, Łukasz - In: Communist economies and economic transformation : … 9 (1997) 2, pp. 209-218
Persistent link: https://www.econbiz.de/10001219542
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Less-cash or more-cash? : determinants and trends of currency in circulation in a panel of 17 economies
Chandrakamal, Kumar; Kumar, Pramod - 2023
Digital payments are growing rapidly, and the use of cash seems to be declining, at least in advanced economies in Europe and the U.S. However, the literature on payment systems provides an interesting perspective- cash, or currency, when measured as a percentage of the gross domestic product,...
Persistent link: https://www.econbiz.de/10014424236
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The impact of the shadow economy on the direct-indirect tax mix : can central banks’ independence mitigate the effect?
Dokas, Ioannis; Panagiotidis, Minas; Papadamou, Stephanos; … - In: Journal of policy modeling : JPMOD ; a social science … 46 (2024) 3, pp. 475-493
Persistent link: https://www.econbiz.de/10015051601
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A Tourism Conditions Index
Chang, Chia-Lin; Hsu, Hui-Kuang; McAleer, Michael - 2014
Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … Taiwan. The foundation of the TCI is the Financial Conditions Index (FCI), which is derived from the Monetary Conditions … Index (MCI). The empirical findings show that TCI weighted by spillovers reveal greater significance in forecasting the …
Persistent link: https://www.econbiz.de/10010227695