Narrow search
Showing 1 - 10 of 1,438
Cover Image
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/10011545303
Cover Image
Economic policy in India: For economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
such policies pose constraints on the recovery of output and employment, with adverse impacts on income distribution; but …
Persistent link: https://www.econbiz.de/10010513081
Cover Image
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
Cover Image
Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
such policies pose constraints on the recovery of output and employment, with adverse impacts on income distribution; but …
Persistent link: https://www.econbiz.de/10010385761
Cover Image
"Economic Policy in India: For Economic Stimulus, or for Austerity and Volatility?"
Sen, Sunanda; DasGupta, Zico - Levy Economics Institute - 2014
such policies pose constraints on the recovery of output and employment, with adverse impacts on income distribution; but …
Persistent link: https://www.econbiz.de/10010862118
Cover Image
The Recessive Outcomes of Emu Policies: Analysis of the Italian Experience, 1998-2008
Rosaria, Rita Canale; Oreste, Napolitano - In: STUDI ECONOMICI LXVI (2011) 104, pp. 89-111
The EMU assigns a marginal role to economic policy and relies on the idea that, if prices are kept constant, there will be an automatic convergence towards long-run equilibrium income. These beliefs represent the theoretical underpinnings of fiscal and monetary policy strategies in Europe. In...
Persistent link: https://www.econbiz.de/10010558674
Cover Image
The balance sheet channel of monetary policy transmission: Evidence from Nigeria
Olowofeso, Olorunsola E.; Bada, Abiodun S.; Bassey, Kufre J. - In: CBN Journal of Applied Statistics 05 (2014) 2, pp. 95-116
deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data … investigate the linkages between policy, DMB balance sheet, output and price. The results reveal the existence of a balance sheet … channel in Nigeria with a significant impact of DMBs balance sheet composition on output growth and price. However, output and …
Persistent link: https://www.econbiz.de/10011518790
Cover Image
The balance sheet channel of monetary policy transmission : evidence from Nigeria
Olowofeso, Olorunsola E.; Bada, Abiodun S.; Bassey, Kufre J. - In: CBN journal of applied statistics 5 (2014) 2, pp. 95-116
deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data … investigate the linkages between policy, DMB balance sheet, output and price. The results reveal the existence of a balance sheet … channel in Nigeria with a significant impact of DMBs balance sheet composition on output growth and price. However, output and …
Persistent link: https://www.econbiz.de/10011489517
Cover Image
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/10011545308
Cover Image
Open mouth operations
Campbell, Jeffrey R.; Weber, Jacob P. - 2018
We examine the standard New Keynesian economy's Ramsey problem written in terms of instrument settings instead of allocations. Its standard formulation makes two instruments available: the path of current and future interest rates, and an "open mouth operation" which selects one of the many...
Persistent link: https://www.econbiz.de/10012030346