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Real wage rigidities, fiscal policy, and the stability of EMU in the transition phase
Berthold, Norbert - 1998
EMU, e.g. due to further rising unemployment, become too large to bear. …
Persistent link: https://www.econbiz.de/10010496610
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Real wage rigidities, fiscal policy, and the stability of EMU in the transition phase
Berthold, Norbert - 1998
EMU, e.g. due to further rising unemployment, become too large to bear. …
Persistent link: https://www.econbiz.de/10010332987
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The failure of ECB monetary policy from a Mises-Hayek perspective
Schnabl, Gunther - 2017
The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...
Persistent link: https://www.econbiz.de/10011619626
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Monetary policy and wandering overinvestment cycles in East Asia and Europe
Schnabl, Gunther - 2017
The paper analyses the role of monetary policy for cyclical movements of investment and asset markets in East Asia and Europe based on a Mises-Hayek overinvestment framework. It is shown how the gradual global decline of interest rates has triggered wandering overinvestment cycles in Japan,...
Persistent link: https://www.econbiz.de/10011655779
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African Jobless Growth Morphology:Vulnerabilities and Policy Responses
NWAOBI, GODWIN - Volkswirtschaftliche Fakultät, … - 2013
, in many African countries, unemployment rates are low and growth is seldom jobless. Regrettably, most of the poor work … long hours and cannot make ends meet while the violation of basic human rights is not uncommon. Again, youth unemployment …
Persistent link: https://www.econbiz.de/10011107833
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Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase
Berthold, Norbert - 2006
as the costs of staying inside EMU, e.g., due to further rising unemployment, become too large to bear …
Persistent link: https://www.econbiz.de/10012782610
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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...
Persistent link: https://www.econbiz.de/10012649097
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Independent or Coordinated? Monetary and Fiscal Policy in Emu
Lambertini, Luca; Rovelli, Riccardo - 2002
We examine, in a suitable theoretical framework, the relations between monetary and fiscal policies within the European Economic and Monetary Union (EMU). Our stylized setup of EMU includes the following political agents, each endowed with an objective function: (i) A central authority (EC),...
Persistent link: https://www.econbiz.de/10014123763
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The Impact of Fiscal and Monetary Policy on Unemployment Rate in Nigeria
Onwuka, Chinonye Emmanuel - 2021
This study empirically examined the impact of fiscal and monetary policy on unemployment rate using data between the … percent variations in the unemployment rate were explained by the independent variables. Also, its adjusted counterpart is 0 ….602 and its shows that about 60 percent growth in unemployment rate can be explained by the independent variables. The unit …
Persistent link: https://www.econbiz.de/10013312655
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Macroeconomic stabilisation properties of a euro area unemployment insurance scheme
Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020
supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …
Persistent link: https://www.econbiz.de/10012241162