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Fiscal Federalism and Macroeconomic Governance : For Better or for Worse?

Shah, Anwar - 2016

Persistent link: https://www.econbiz.de/10012749688

Decentralization and Macroeconomic Management

Ter-Minassian, Teresa - 2006

The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from decentralization and the potential trade-offs between decentralization and income redistribution. By contrast, it has generally put less emphasis on the effects of decentralization on...

Persistent link: https://www.econbiz.de/10012782119

Interaction of government tiers and central banks in a federation : an empirical test

Claeys, Peter; Ramos, Raúl; Suriñach Caralt, Jordi - In: Fiscal studies : the journal of the Institute for … 38 (2017) 2, pp. 301-330

Persistent link: https://www.econbiz.de/10011734433

Fiscal Federalism in the Caribbean : Implications for Fiscal and Monetary Policies

Bogetic, Zeljko - 2011

The paper examines intergovernmental fiscal relations in the Caribbean from the perspective of general principles of fiscal federalism and international practice, and considers the effects of intergovernmental design on macroeconomic management

Persistent link: https://www.econbiz.de/10013126850

Economic stimulus measures in the pandemic : the role of fiscal decentralisation

Elgin, Ceyhun; Yalaman, Abdullah; Yasar, Sezer - In: Cambridge journal of regions, economy and society 16 (2023) 1, pp. 167-184

Persistent link: https://www.econbiz.de/10014313116

The Three Tenets of Monetary Policy

Azar, Samih Antoine - In: Journal of Emerging Market Finance 5 (2006) 1, pp. 95-120

Monetary policy has three tenets: a stable money demand function, a well specified velocity of money and a reliable money creation process. The first tenet determines real money on the demand side of the market and the third fixes nominal money on the supply side. The article finds that these...

Persistent link: https://www.econbiz.de/10010772775

The Taylor principle in a medium-scale macroeconomic model

Sveen, Tommy; Weinke, Lutz - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 3034-3043

We consider a medium-scale New-Keynesian model which combines features that have been shown to explain fairly well postwar U.S. business cycles. Our main result demonstrates that the determinacy properties of forward-looking interest rate rules resemble, at least qualitatively, the corresponding...

Persistent link: https://www.econbiz.de/10010719549

The cost of capital, asset prices, and the effects of monetary policy

Ghossoub, Edgar A.; Reed, Robert R. - In: Journal of Macroeconomics 42 (2014) C, pp. 211-228

capital. In particular, we explore this issue in a setting where individuals face idiosyncratic risk. Incomplete information … models which focus on the transmission of monetary policy to the demand for capital goods, we incorporate a separate capital … monetary growth model, monetary policy plays an important role in investment activity through the relative price of capital …

Persistent link: https://www.econbiz.de/10011117997

Monetary Policy and Investment Dynamics: Evidence from Disaggregate Data

Givens, Gregory; Reed, Robert - Volkswirtschaftliche Fakultät, … - 2015

real investment and capital prices to unanticipated monetary policy. The response functions derive from a restricted large …

Persistent link: https://www.econbiz.de/10011124289

Banking globalization and international business cycles: Cross-border chained credit contracts and financial accelerators

Ueda, Kozo - In: Journal of International Economics 86 (2012) 1, pp. 1-16

This paper constructs a two-country DSGE model to study the nature of the recent financial crisis and its effects that spread immediately throughout the world owing to the globalization of banking. In the model, financial intermediaries (FIs) enter into chained credit contracts at home and...

Persistent link: https://www.econbiz.de/10010582624