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Summary This paper examines the spillovers of domestic fiscal expansion in a monetary union. Such a policy action leads to cross-country crowding-out effects on the one hand and cross-country multiplier effects on the other. The overall effect is indeterminate a priori. The approach pursued is...
Persistent link: https://www.econbiz.de/10014608770
Zusammenfassung Dieser Beitrag liefert einen Uberblick über die Bedeutung asymmetrischer makroökonomischer Strukturen in den EWU Mitgliedsländern für die einheitliche Geldpolitik. Zunächst wird im Rahmen eines Modells illustriert, welche grundsätzliche Bedeutung asymmetrischen...
Persistent link: https://www.econbiz.de/10014608865
Zusammenfassung In diesem Beitrag werden die Effekte einer Vertiefung der Wirtschaftsintegration auf Märkten, die durch …
Persistent link: https://www.econbiz.de/10014608871
Purpose – The aim of this paper was to focus on China’s economic integration with Asia region and the world. It also … attempts to find the long-run relation with short-run dynamics of China’s trade in Asia and the world. Design … China’s export to the USA depends on exchange rate and China’s import from Asia depends on China’s export to the USA. China …
Persistent link: https://www.econbiz.de/10014847640
Abstract Der Beitrag analysiert die Hintergründe und Ursachen der weltweiten Finanzkrise und kommt zu dem Ergebnis …
Persistent link: https://www.econbiz.de/10014586322
Summary Planned ‘‘surprise’’ devaluations are often spurred by non-economic circumstances: a rentseeking government; political instability; or the opportunity to put the blame on a predecessor government. In this paper, these aspects are incorporated in the monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10014609461
consist of a panel of 27 countries in Central and Eastern Europe and Central Asia from 2002 to 2009 with a total of nearly 27 …
Persistent link: https://www.econbiz.de/10014702433
Purpose – In the past two decades, there has been a remarkable decline in inflation in both developed and developing countries, in sharp contrast to the period immediately preceding it. Interestingly, the behaviour of inflation in India broadly exhibits such a pattern. For much of the 1970s...
Persistent link: https://www.econbiz.de/10014758956
Abstract In the literature it is generally assumed that activities of voluntary membership based associations operating in stable institutional environments are multi-faceted, contributing simultaneously to societal, economic and political spheres. This article, drawing on the concept of...
Persistent link: https://www.econbiz.de/10014616732
Zusammenfassung Der Beitrag analysiert die kurz-, mittel- und langfristigen Wirkungen antizipierter angebotsorientierter Politikmaßnahmen im Rahmen eines dynamischen Modells für eine Währungsunion, das durch perfekte Voraussicht, Sattelpunktstabilität und importierte Vorleistungen...
Persistent link: https://www.econbiz.de/10014608649