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Estimating the Effects of Fiscal Policy in OECD Countries
Perotti, Roberto - C.E.P.R. Discussion Papers - 2005
This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five OECD countries, using a … plausible values of its price elasticity, government spending typically has small effects on inflation. 6) Both the decline in …
Persistent link: https://www.econbiz.de/10005124359
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Debt, seigniorage, and the Growth Laffer Curve in developing countries
Ehrhart, Hélène; Minea, Alexandru; Villieu, Patrick - In: Journal of Macroeconomics 42 (2014) C, pp. 199-210
The endogenous growth literature established the existence of an inverted-U curve between taxes and economic growth … account in this paper their respective impacts on growth, as they might deform the existing relationship between taxes and …
Persistent link: https://www.econbiz.de/10011118001
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Systematic fiscal policy and macroeconomic performance: A critical overview of the literature
Reicher, Claire - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-37
countercyclical transfer payments. Secondly, consolidation in response to the debt has come primarily through adjustments to taxes and …
Persistent link: https://www.econbiz.de/10010961607
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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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Monetary policy shocks and macroeconomic variables : evidence from fast growing emerging economies
Ivrendi, Mehmet; Yildirim, Zekeriya - 2013
domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …
Persistent link: https://www.econbiz.de/10010221723
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The aftermath of debt surges
Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen M.; … - 2021
, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt …
Persistent link: https://www.econbiz.de/10012655299
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Thinking beyond the pandemic : monetary policy challenges in the medium- to long-term
Dąbrowski, Marek - 2021
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10012592174
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The theory of monetary disorder : debt finance, existing assets, and the consequences of prolonged ultra-easy policy
Palley, Thomas I. - In: PSL quarterly review 76 (2023) 307, pp. 315-335
. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against …
Persistent link: https://www.econbiz.de/10014550868
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The modern monetary theory literature seems to have escaped Drumetz/Pfister
Mitchell, William F. - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 23-33
money to solve all problems and will cause accelerating inflation, a plethora of unproductive jobs, and a bond-market revolt …
Persistent link: https://www.econbiz.de/10014433701
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The theory of monetary disorder : debt finance, existing assets, and the consequences of prolonged monetized budget deficits and ultra-easy monetary policy
Palley, Thomas I. - 2023
. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against …
Persistent link: https://www.econbiz.de/10014529497