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The fiscal multiplier and spillover in a global liquidity trap
Fujiwara, Ippei; Ueda, Kozo - In: Journal of economic dynamics & control 37 (2013) 7, pp. 1264-1283
Persistent link: https://www.econbiz.de/10009751187
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Global Liquidity Trap
Fujiwara, Ippei - 2017
How should monetary policy respond to a global liquidity trap, where the two countries may fall into a liquidity trap … that the optimal rate of inflation in one country is affected by whether or not the other country is in a liquidity trap …
Persistent link: https://www.econbiz.de/10012951361
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Global Liquidity Trap
Fujiwara, Ippei; Nakajima, Tomoyuki; Sudou, Nao; … - 2015
How should monetary policy respond to a global liquidity trap, where the two countries may fall into a liquidity trap … that the optimal rate of inflation in one country is affected by whether or not the other country is in a liquidity trap …
Persistent link: https://www.econbiz.de/10014157685
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Estimating regime dependent fiscal spillover effects in a monetary union
Kunzmann, Vanessa - 2023
I estimate regime-dependent spillover effects from government spending shocks across the members of the European Monetary Union (EMU). I use panel regressions for a total of 14 EMU economies from 1997 to 2022. Government spending shocks are defined by unexpected innovations to forecast...
Persistent link: https://www.econbiz.de/10014335117
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The fiscal multiplier and spillover in a global liquidity trap
Fujiwara, Ippei; Ueda, Kozo - 2010
Persistent link: https://www.econbiz.de/10003951370
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The fiscal multiplier and spillover in a global liquidity trap
Fujiwara, Ippei; Ueda, Kozo - 2012
Persistent link: https://www.econbiz.de/10009561162
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Fiscal multipliers and the choice of zero lower bound modeling
Siemsen, Thomas; Watzka, Sebastian - 2013
multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint. …
Persistent link: https://www.econbiz.de/10009772911
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Stabilization and the Policy Mix in a Monetary Union
Malmierca, María - 2020
The need for macroprudential policy to “lean against the wind” of credit cycles at the aim of financial and hence macroeconomic stability is a common belief. Which design of macroprudential policy might attain the greatest stability for the economy is still an open debate. This paper builds...
Persistent link: https://www.econbiz.de/10012841094
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The optimal monetary and fiscal policy mix in a financially heterogeneous monetary union
Palek, Jakob - 2015
Recent work on financial frictions in New Keynesian models suggest that there is a sizable spread between the risk-less interest rate and the borrowing rate. We analyze the optimal policy mix of monetary and fiscal authorities in a currency union with a country-specific credit spread by...
Persistent link: https://www.econbiz.de/10010474215
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Monetary and fiscal policy interactions in an emerging open economy : a Non-Ricardian DSGE approach
Algozhina, Aliya - 2012
findings in favor of the fiscal theory of price level as opposed to the traditional monetarist doctrine. …
Persistent link: https://www.econbiz.de/10011374345