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Financial Repression, Tax Evasion and Long-Run Monetary and Fiscal Policy Trade-Off in an Endogenous Growth Model with Transaction Costs

Villieu, Patrick; Minea, Alexandru - HAL - 2006

In this paper, we study maximizing long-run economic growth trade-off in monetary and fiscal policies in an endogenous growth model with transaction costs. We show that both monetary and fiscal policies are subject to threshold effects, a result that gives account of a number of recent empirical...

Persistent link: https://www.econbiz.de/10008793684

Macroeconomic trouble and policy challenges in the wake of the financial bust

Asensio, Angel - HAL - 2010

targets and fiscal orthodoxy in a depressed economy is emphasized, and the outlines of a Post Keynesian alternative policy are …

Persistent link: https://www.econbiz.de/10008794219

Does Inflation Targeting Improve Fiscal Discipline? An Empirical Investigation

Tapsoba, Rene - HAL - 2011

Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four contributions to the literature. Firstly, by applying the 2SLS...

Persistent link: https://www.econbiz.de/10008794278

Economic consequences of the financial crisis - A Keynesian point of view

Asensio, Angel - HAL - 2008

The paper discusses the possible economic consequences of the financial crisis from a (Post)Keynesian point of view. It examines the forthcoming depressive mechanisms, including the orthodox reactions of monetary and fiscal authorities, in the vein of those inferred in Europe by the mandate of...

Persistent link: https://www.econbiz.de/10008794314

The fiscal theory of the price level puzzle: A non Ricardian view

Bénassy, Jean-Pascal - HAL - 2005

The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal policies such that government liabilities explode unless the price in the first period is at the "right" level. The policy implications are disturbing, as they call for rather...

Persistent link: https://www.econbiz.de/10010929080

Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - HAL - 2013

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...

Persistent link: https://www.econbiz.de/10011026215

Trade liberalization and poverty dynamics in Vietnam 2002-2006

Coello, Barbara; Fall, Madior; Suwa-Eisenmann, Akiko - HAL - 2010

This paper shows the evolution of poverty in Vietnam during the deepening of trade liberalization and examines the … hindered in the near future, as Vietnam is now in the process of decreasing its import protection. …

Persistent link: https://www.econbiz.de/10010738765

Trust and Trustworthiness under the Prospect Theory: A field experiment in Vietnam

Nguyen, Quang; Villeval, Marie Claire; Xu, Hui - HAL - 2012

trustworthier. The experience of receiving remittances influences behavior and a longer exposure to a collectivist economy tend to …

Persistent link: https://www.econbiz.de/10010743093

Overemployment, Underemployment and the opportunity cost of time

Barré, Thomas - HAL - 2010

and become over- or underemployed. We estimate and explain this gap in a stochastic frontier framework for rural Vietnam …

Persistent link: https://www.econbiz.de/10010750967

Determinants of FDI into China and Vietnam: A comparative study

Pham, Thi-Hong-Hanh - HAL - 2012

Since the inception of economic reforms, China in 1978 and Vietnam in 1986, both countries have become successful … examples of transition to a market economy. Over their courses of reform, attracting substantial and rising amounts of inward … between China and Vietnam?" through a comparative study of the FDI determinants. In other words, this paper revisits the …

Persistent link: https://www.econbiz.de/10009651580