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Fiscal and monetary policy for difficult times: MMT solutions
Leclaire, Joëlle - In: European Journal of Economics and Economic Policies: … 20 (2023) 2, pp. 356-368
This article considers the current economic situation from the lens of modern money theory (MMT) and expresses a policy response rooted in post-Keynesian theory and empirical data for the US and the euro area. First, MMT supports targeted deficit spending to promote production. Increasing...
Persistent link: https://www.econbiz.de/10014481020
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Fiscal and monetary policy for difficult times : MMT solutions
Leclaire, Joëlle - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 356-368
This article considers the current economic situation from the lens of modern money theory (MMT) and expresses a policy response rooted in post-Keynesian theory and empirical data for the US and the euro area. First, MMT supports targeted deficit spending to promote production. Increasing...
Persistent link: https://www.econbiz.de/10014433735
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Financial Markets Interactions between Economic Theory and Practice
NICOLAU, Mihaela - In: Economics and Applied Informatics (2010) 2, pp. 27-36
analysis of financial markets’ behaviour through inflation and interest rates cannot define the real interactions of the …
Persistent link: https://www.econbiz.de/10010625562
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Correlation Structure between Inflation and Oil Futures Returns: An Equilibrium Approach
Casassus, Jaime; Ceballos, Diego - Instituto de Economía, Facultad de Ciencia Económicas … - 2010
We use a general equilibrium model of a monetary economy to understand the economics behind the correlation between in nation and oil futures returns. Oil is used as both, an input to the production of capital and as a consumption good. We estimate our model using maximum likelihood with the...
Persistent link: https://www.econbiz.de/10008642618
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Real rate swaption and zero coupon inflation index swaption
Kamtchueng, Christian - In: International journal of bonds and derivatives 3 (2017) 1, pp. 21-43
Persistent link: https://www.econbiz.de/10011807756
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After the Death of Inflation: Will Fiscal Drag Survive?
Heinemann, Friedrich - 2000
Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …
Persistent link: https://www.econbiz.de/10010297682
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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - 2006
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
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After the death of inflation : will fiscal drag survive?
Heinemann, Friedrich - 2000
Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …
Persistent link: https://www.econbiz.de/10011444606
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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2003
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
Persistent link: https://www.econbiz.de/10011509539
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Structural convergence under reversible and irreversible monetary unification
Beetsma, Roel; Jensen, Henrik - 1999 - This version: February, 1999
distortions (and, hence, high inflation) is admitted into a monetary union once its economic structure has converged sufficiently … the union again later, convergence stops for a while after the high inflation country has joined. With irreversible …
Persistent link: https://www.econbiz.de/10011537161