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Risk, utility-enhancing government expenditure, and the world economy
Erauskin-Iurrita, Inaki - EconWPA - 2004
This paper analyzes the influence of risk and the expenditure policy of the public sector in a two-country stochastic … study the impact of risk and the public sector on consumption-wealth ratio, growth and welfare, given the exogenous size of … parameters, risk specially, on the optimal size. Then we establish that a higher weight of public consumption in the utility …
Persistent link: https://www.econbiz.de/10005408150
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Risk, productive government expenditure, and the world economy
Erauskin-Iurrita, Inaki - EconWPA - 2004
This paper analyzes the expenditure policy of the public sector and risk in a two-country stochastic AK growth model … public spending on productivity and risk diversification. …
Persistent link: https://www.econbiz.de/10005556589
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Aufwind im Westen Mittel-, Ost- und Südosteuropas: Wichtige Wachstumsimpulse für Österreich. Wirtschaftsanalyse und Ausblick für Mittel-, Ost- und Südosteuropa und dessen Wirtschaf...
Holzner, Mario - 2015
In den mittel-, ost- und südosteuropäischen Ländern (MOSOEL) klafft der Ausblick für das Wirtschaftswachstum auch weiterhin auseinander für die meisten der neuen EU-Mitgliedstaaten (NMS) wird eine langsame Beschleunigung des BIP-Wachstums beginnend mit diesem Jahr erwartet. Für 2015 soll...
Persistent link: https://www.econbiz.de/10012100194
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Bescheidener Aufschwung im Osten – Bremsklotz EU-Fiskalregeln
Holzner, Mario - 2016
implications pose a substantial risk for all of Europe. …
Persistent link: https://www.econbiz.de/10012100197
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Macroeconomic Impacts of Foreign Exchange Reserve Accumulation : Theory and International Evidence
Fukuda, Shin-ichi; Kon, Yoshifumi - East Asian Bureau of Economic Research (EABER) - 2010
simple open economy model where increased foreign exchange reserves reduce the costs of liquidity risk. Given the amount of …
Persistent link: https://www.econbiz.de/10009364008
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Savings and investment behaviour in the euro area
Rodriguez Palenzuela, Diego (contributor);  … - 2016
. From a macroprudential perspective, the lingering imbalances have added to systemic risk and rendered the euro area more …
Persistent link: https://www.econbiz.de/10011606319
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Shocks de precios externos y su impacto en el consumo y en la inversión: Alguna evidencia para Argentina
Lanteri, Luis N. - In: Atlantic Review of Economics 2 (2017)
This paper investigates the impact of external price shocks on private consumption and investment and the sources of fluctuations in these variables, in the case of Argentina, employing structural VEC models (Structural Vector Error Correction) and quarterly data, covering the period...
Persistent link: https://www.econbiz.de/10011966831
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Fiscal Stimulus with Spending Reversals
Müller, Gernot J.; Corsetti, Giancarlo; Meier, André - 2010
The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that systematically reduces...
Persistent link: https://www.econbiz.de/10010275923
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Wage shares and demand regimes in Central America: An empirical analysis for Costa Rica, El Salvador, Honduras, Nicaragua, and Panama, 1970-2016
Jiménez, Valeria - 2020
This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in five Central American countries; Costa Rica, El Salvador, Honduras, Nicaragua, and Panama for the period 1970-2016. It estimates the effects of a change in the wage share on...
Persistent link: https://www.econbiz.de/10012406275
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Real exchange rates, preferences, and incomplete markets: Evidence, 1961-2001
Head, Allen C.; Mattina, Todd D.; Smith, Gregor W. - 2004
Many international macroeconomic models link the real exchange rate to a ratio of marginal utilities. We examine this link empirically, allowing the marginal utility of consumption to depend on government expenditure, real money balances, or external habit. We also consider two environments with...
Persistent link: https://www.econbiz.de/10010290341