Showing 91 - 100 of 132
Persistent link: https://www.econbiz.de/10002088623
We estimate forward-looking interest rate reaction functions for the G3 and some inflation targeters. Shifts in the conduct of monetary policy are detected for the USA and Japan. In contrast with the existing literature, we show that these countries only shifted to policies consistent with an...
Persistent link: https://www.econbiz.de/10014113971
Abstract This paper investigates the nature of shocks across international equity markets and evaluates the shifts in their comovements at a business-cycle frequency. Using an “identification through heteroskedasticity” methodology, we compute the impact coefficients on the common and...
Persistent link: https://www.econbiz.de/10012967615
Since the seminal work of Oates (1972) on fiscal federalism, a central question of public finance has been which level of a federation should be assigned the provision of public goods. In this paper we study the problem of a government that is to choose the optimal...
Persistent link: https://www.econbiz.de/10013031023
In this paper we provide new insights on the nexus between public debt and economic growth, focusing on the growth of debt rather than its level. By exploiting updated macroeconomic time series for 75 countries (37 OECD and 38 non-OECD) over the period 1972-2019 and using the system-GMM...
Persistent link: https://www.econbiz.de/10013218652
Persistent link: https://www.econbiz.de/10001540921
Persistent link: https://www.econbiz.de/10003988250
Persistent link: https://www.econbiz.de/10003988315
Persistent link: https://www.econbiz.de/10009267831
Persistent link: https://www.econbiz.de/10009551758