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Warum die Volkswirtschaften der Eurozone den USA und Großbritannien seit der Finanzkrise hinterherhinken: Zur Rolle von Unterschieden in der Geld- und Fiskalpolitik

Heimberger, Philipp - 2016

Diese Studie befasst sich mit dem Auseinanderlaufen der gesamtwirtschaftlichen Entwicklung nach der globalen Finanzkrise im Vergleich von Eurozone, USA und Großbritannien. Die Eurozone erholte sich seit 2010 deutlich schleppender als die US-amerikanische und die britische Wirtschaft. Die Rolle...

Persistent link: https://www.econbiz.de/10012100198

Estimating US Fiscal and Monetary Interactions : From Volcker Chairmanship to the Great Recession

Gerba, Eddie - 2013

Locating the appropriate degree of interaction between fiscal and monetary policy plays an important role in ensuring economic stability. Their joint impact is, however, still unclear. We observe significant differences in the transmission of shocks, in particular between the Great Recession and...

Persistent link: https://www.econbiz.de/10013073633

The Policy Mix in the US and EMU : Evidence from a SVAR Analysis

Afonso, António - 2018

the US and the Euro Area (EMU). Overall, our results show that these two cases are different from each other. First, while … in the case of the US there is evidence of Keynesian monetary policy, the same is not true in the case of the EMU. Second … of the EMU (expansionary fiscal consolidation), while it does not hold in the case of the US. Third, there is evidence …

Persistent link: https://www.econbiz.de/10012928380

The fiscal-monetary policy mix in the Euro area : challenges at the zero lower bound

Orphanides, Athanasios - 2017

This paper explores the reasons for the suboptimal fiscal-monetary policy mix in the euro area in the aftermath of the global financial crisis and ways in which the status quo can be improved. A comparison of fiscal and monetary policies and of economic outcomes in the euro area and the United...

Persistent link: https://www.econbiz.de/10011749436

Exigent and Unusual Circumstances : The Federal Reserve and the U.S. Financial Crisis

Johnson, Christian A. - 2013

The U.S. Federal Reserve has committed hundreds of billions of dollars in unprecedented lending activities and purchases of mortgage-backed securities based upon its authority under the Federal Reserve Act, and particularly upon its interpretation of Section 13(3), a formerly untested and unused...

Persistent link: https://www.econbiz.de/10013094881

Financialization: What it is and Why it Matters

Palley, Thomas I. - 2008

Financialization is a process whereby financial markets, financial institutions and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic system at both the macro and micro levels. Its principal impacts are to...

Persistent link: https://www.econbiz.de/10010460461

Household Income Volatility and Tax Policy : Helping More and Hurting Less, Testimony Before the U.S. Joint Economic Committee

Batchelder, Lily L. - 2010

This testimony makes three main points. First, income volatility, especially when it involves income declines, imposes significant hardships on American families. It heightens stress about finances and may increase household living expenses. These hardships are most pronounced for middle-and...

Persistent link: https://www.econbiz.de/10014195419

Financialization: what it is and why it matters

Palley, Thomas - 2008

Finanzialisierung ist ein Prozess, in dessen Verlauf Finanzmärkte, -institutionen und -eliten zunehmend Einfluss auf Wirtschaftspolitik und ökonomische Ergebnisse gewinnen. Finanzialisierung transformiert die Funktionsweise des ökonomischen Systems sowohl auf der Makro- als auch auf der...

Persistent link: https://www.econbiz.de/10003744541

Take the Money and Run - The Impact of the HEART Act on the Ultimate Estate Plan : Expatriation to Avoid U.S. Income, Estate and Gift Tax

Macaulay, Kathleen - 2008

Internal Revenue Code Sections 877A and 2801 were created by the HEART Act to impose a mark-to-market exit tax on citizens wishing to expatriate, and to impose a wealth transfer tax upon U.S. gift recipients of an expatriate's wealth. The idea is for expatriating citizens to pay their taxes,...

Persistent link: https://www.econbiz.de/10012722816

Optimal fiscal and monetary policy in a medium-scale macroeconomic model

Schmitt-Grohé, Stephanie; Uribe, Martín - 2006

In this paper, we study Ramsey-optimal fiscal and monetary policy in a mediumscale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...

Persistent link: https://www.econbiz.de/10011604658