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Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...
Persistent link: https://www.econbiz.de/10010300031
Persistent link: https://www.econbiz.de/10001700552
Local governments in Japan account for about 80 per cent of general government spending when excluding social security … Germany. We show that in Japan this was not the case and that so far local governments do participate in the stabilisation …
Persistent link: https://www.econbiz.de/10010512340
Innovation is key to boosting economic growth in the face of a rapidly ageing population. While Japan spends heavily on …
Persistent link: https://www.econbiz.de/10011399690
With gross government debt of 226% of GDP, Japan’s fiscal situation is in uncharted territory and puts the economy at … risk. Japan needs a detailed and credible fiscal consolidation plan, including specific revenue increases and measures to …
Persistent link: https://www.econbiz.de/10011399692
Fiscal announcements may transfer information about the government's view of the macroeconomic outlook to the private sector, diminishing the effectiveness of fiscal policy as a stabilization tool. We construct a novel dataset that combines daily data on Japanese stock prices with narrative...
Persistent link: https://www.econbiz.de/10013357169
This paper builds on the discussion paper published by HM Treasury in 2003 alongside the UK Government's assessment of the case for EMU entry. The paper considers the potential for fiscal policy to play a greater role in stabilisation policy if the UK were inside EMU. The paper considers: the...
Persistent link: https://www.econbiz.de/10010261086
This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...
Persistent link: https://www.econbiz.de/10010261121
This paper discusses the need and scope for an active fiscal stabilization policy. It is argued that the effectiveness of fiscal policy as a short run stabilizer does not depend on the long run multipliers of (balanced budget) fiscal policies. To the extent that activity can be affected by...
Persistent link: https://www.econbiz.de/10010261172
In der Europäischen Union, genauer in den 12 Mitgliedsländern der Euro-Zone, bestimmt die Europäische Zentralbank die Geldpolitik, und die zwölf Mitgliedsländer legen unabhängig voneinander die jeweiligen Fiskalpolitiken fest. Während bei den einen - und dazu zählt Deutschland - eine...
Persistent link: https://www.econbiz.de/10010262986