Das Jahr 2022 - ein Zeitenumbruch. Inwiefern ist dieser Zeitenumbruch mit einem gesellschaftlichen Gestaltungswillen verbunden? Der vorliegende Artikel will Argumente dafür liefern, diesen Zeitenumbruch im aktiven Sinne zu verstehen - als Ausdruck der kooperativen Gestaltung und des effektiven...

After introducing digital currency, the central bank emerges as a monopolist bank. It then faces an "impossible trinity". To achieve price stability and financial stability, optimal consumption allocation is sacrificed. In this paper, I show that fiscal policy designed in coordination with the...

This paper upholds the classical Keynesian position that a laissez-faire market economy lacks a spontaneous tendency to full employment. Focusing on the UK case, it argues that monetary policy could not prevent the economic collapse of 2008-9 or achieve full recovery from the Great Recession...

Purpose - This paper aims to estimate a New Keynesian small open economy dynamic stochastic general equilibrium (DSGE) model for Egypt using Bayesian techniques and data for the period FY2004/2005:Q1-FY2015/2016:Q4 to assess monetary and fiscal policy interactions and their impact on economic...

This paper provides evidence of the relationship between fiscal and monetary policy in Colombia through an empirical exploration of the credit risk channel. Under this empirical approach, fiscal policy serves as an important explanatory role in the sovereign risk premium which, in turn, could...

A recent amendment in Pakistan’s federal constitution allows provinces to borrow domestically and abroad. There is a concern that it may generate unsustainable debt burden, considering the country’s delinquent monetary policy and a historical deficit bias. The objective of this paper is to...

One of the most controversial issues in public finance and macroeconomics is the nature of the relationship between government spending and revenues. The debate between economists and politicians has been emphasised recently because of the increased budget deficits and defaults in many developed...

Italien leidet politisch und ökonomisch unter der Finanzkrise in der Europäischen Union. Das Wachstum ist negativ und die Arbeitslosigkeit steigt. Obwohl die Neuverschuldung verringert wurde und die Handelsbilanz Überschüsse aufweist, bleibt ein Zinsspread bestehen. Zudem ist zu befürchten,...

This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...