Narrow search
Showing 1 - 10 of 11,368
Cover Image
The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
Cover Image
Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
and inflation. …
Persistent link: https://www.econbiz.de/10011509484
Cover Image
The hitchhiker's guide to missing import price changes and pass-through
Gagnon, Etienne; Mandel, Benjamin R.; Vigfusson, Robert J. - 2012
A large body of empirical work has found that exchange rate movements have only modest effects on inflation. However …
Persistent link: https://www.econbiz.de/10010287175
Cover Image
The hitchhiker's guide to missing import price changes and pass-through
Gagnon, Etienne; Mandel, Benjamin R.; Vigfusson, Robert J. - 2012
A large body of empirical work has found that exchange rate movements have only modest effects on inflation. However …
Persistent link: https://www.econbiz.de/10009411125
Cover Image
A Lesson from the South for Fiscal Policy in the US and Other Advanced Countries
Frankel, Jeffrey A. - 2011
American fiscal policy has been procyclical: Washington wasted the expansion period 2001-2007 by running budget deficits, but by 2011 had come to feel constrained by inherited debt to withdraw fiscal stimulus. Chile has achieved countercyclical fiscal policy – saving in booms and easing in...
Persistent link: https://www.econbiz.de/10013124011
Cover Image
The effect of legislated tax changes on the trade balance : empirical evidence for the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 27 January 2021
Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the United States, Germany, and the United Kingdom. As legislative tax changes we consider (i) all changes,...
Persistent link: https://www.econbiz.de/10012543168
Cover Image
Has Eurozone Converged toward Germany or United States? A View from Optimum Currency Areas Framework
Quah, Chee-Heong - 2011
indicate substantial improvements in inflation and unemployment. Amongst the founding states, Ireland has idiosyncratically …
Persistent link: https://www.econbiz.de/10014184629
Cover Image
Essays on monetary policy interactions with fiscal policy and financial markets
Niemann, Stefan (contributor) - 2008
Persistent link: https://www.econbiz.de/10003652546
Cover Image
Trade, wages and productivity
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2009
to leave the market, thereby affecting aggregate productivity. Since wage and productivity responses are endogenous, our … model is well suited to studying the impact of trade integration on aggregate productivity and factor prices. Using Canada … of removing the Canada-US border on wages, productivity, mark-ups, the share of exporters, the mass of varieties produced …
Persistent link: https://www.econbiz.de/10011599058
Cover Image
Empirical evidence on the aggregate effects of anticipated and unanticipated US tax policy shocks
Mertens, Karel; Ravn, Morten O. - 2009
The authors provide empirical evidence on the dynamic effects of tax liability changes in the United States. We distinguish between surprise and anticipated tax changes using a timing convention. We document that pre-announced but not yet implemented tax cuts give rise to contractions in output,...
Persistent link: https://www.econbiz.de/10011506701