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Persistent link: https://www.econbiz.de/10012755056
Progressives need a fundamentally new approach to politics. They have been losing not just because conservatives have so much more money and power, but also because they have accepted the conservatives’ framing of political debates. They have accepted a framing where conservatives want market...
Persistent link: https://www.econbiz.de/10009364321
This note discusses the external environment, economic outlook, and key policy challenges for the six South East European Countries (SEE6)—Albania, Bosnia and Herzegovina (BIH), Kosovo, the former Yugoslav Republic (FYR) of Macedonia, Montenegro, and Serbia—as they seek to reignite economic...
Persistent link: https://www.econbiz.de/10010604323
This paper uses the onset of COVID-19 to examine how countries construct their policy packages in response to a severe negative shock. We use several new datasets to track the use of a large variety of policy tools: announced fiscal stimulus (both above- and below-the-line), monetary policy...
Persistent link: https://www.econbiz.de/10014287372
Persistent link: https://www.econbiz.de/10013029732
. Some implications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and …, the proceeds of inflation are not actually spendable by the state. Also possible are forms of ``economic warfare'' based …
Persistent link: https://www.econbiz.de/10005126382
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010733748
The paper considers the case for an internationally coordinated further fiscal stimulus during the second half of 2009. Although this makes some of the analysis period-specific, most of the issues and principles considered are timeless. For a fiscal stimulus to be both effective there must be...
Persistent link: https://www.econbiz.de/10008557012
. Optimized policy has a strong anti-inflation stance andimplies persistent fluctuations of the tax rate and of public debt. Very … simple optimizedpolicy rules, under which the interest rate just responds to inflation and the tax rate justresponds to …
Persistent link: https://www.econbiz.de/10009138469
It is commonly supposed in public and academic discourse that inflation and big government are related. We show that … economic theory delivers such a prediction only in special cases. As an empirical matter, inflation is significantly positively … series correlation between inflation and the size of government and a negative cross-country correlation of inflation with …
Persistent link: https://www.econbiz.de/10014120823