Similar Search Results

Economic policy in India : for economic stimulus, or for austerity and volatility?

Sen, Sunanda; DasGupta, Zico - 2014

The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in … the consequences of such policy measures in India, particularly during the period of the global recession. Not only did … India, this paper concludes that such monetarist policy measures have been responsible for stagnation, with a rise in price …

Persistent link: https://www.econbiz.de/10010385761

Is a very high public debt a problem?

Leão, Pedro - 2015

This paper has two main objectives. The first is to propose a policy architecture that can prevent a very high public debt from resulting in a high tax burden, a government default, or inflation. The second objective is to show that government deficits do not face a financing problem. After...

Persistent link: https://www.econbiz.de/10011309513

Financing COVID-19 Deficits in Fiscally Dominant Economies : Is The Monetarist Arithmetic Unpleasant?

Uribe, Martin - 2021

The coronavirus pandemic of 2019-20 confronted fiscally dominant regimes around the world with the question of whether the large deficits caused by the health crisis should be monetized or financed by issuing debt. The unpleasant monetarist arithmetic of Sargent and Wallace (1981) states that in...

Persistent link: https://www.econbiz.de/10013251022

Central Bank Reaction to Public Deficit and Sound Public Finance : The Case of the European Monetary Union

Canale, Rosaria Rita - 2009

The paper aims to shed light on the relation between monetary and fiscal policy in EMU, focusing on the interest rates and deficit dynamics. We present a theoretical model in which monetary and fiscal policy independently interact in a closed economic system through their own instrument, namely,...

Persistent link: https://www.econbiz.de/10012719593

Debt and fiscal responsibility in a federal structure : the case of Pakistan

Tahir, Nadia; Tahir, Parvez - In: Romanian journal of fiscal policy : RJFP 3 (2012) 2, pp. 27-47

A recent amendment in Pakistan’s federal constitution allows provinces to borrow domestically and abroad. There is a concern that it may generate unsustainable debt burden, considering the country’s delinquent monetary policy and a historical deficit bias. The objective of this paper is to...

Persistent link: https://www.econbiz.de/10010199904

How to starve the beast: fiscal and monetary policy rules

Martin, Fernando M. - 2019

Societies often rely on simple rules to restrict the size and behavior of governments. When fiscal and monetary policies are conducted by a discretionary and profligate government, I find that revenue ceilings vastly outperform debt, deficit and monetary rules, both in effectiveness at curbing...

Persistent link: https://www.econbiz.de/10012137093

On Federal Deficits and Debt, Monetary and Fiscal Policy

Lane, Edward - 2021

President Biden signed a $1.9 trillion COVID relief package (the “American Rescue Plan”) on March 11, 2021. Without a corresponding increase in taxes, this plan has set off alarm bells for those concerned about the expansion of government deficits and debt. Mainstream economists have raised...

Persistent link: https://www.econbiz.de/10013227477

Fiscal delegation in a monetary union with decentralized public spending

Basso, Henrique S.; Costain, James - 2016

In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...

Persistent link: https://www.econbiz.de/10011434438

The relationship between fiscal and monetary policies in Colombia : an empirical exploration of the credit channel

Lozano-Espitia, Ignacio; Arias Rodríguez, Fernando - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-14

This paper provides evidence of the relationship between fiscal and monetary policy in Colombia through an empirical exploration of the credit risk channel. Under this empirical approach, fiscal policy serves as an important explanatory role in the sovereign risk premium which, in turn, could...

Persistent link: https://www.econbiz.de/10014375480

COVID-19 and fiscal-monetary policy coordination : empirical evidence from India

Chakraborty, Lekha; Harikrishnan S - 2022

in India. However, the empirical evidence confirms no direct monetization of the deficit. …

Persistent link: https://www.econbiz.de/10012814168

1
2
3
4
5
6
7
8
9
10
Next
Last