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Advances in Monetary Policy and Macroeconomics
Arestis, Philip (ed.); Zezza, Gennaro (ed.) - 2007
This book deals with the key aspects of developments in monetary economics and macroeconomics, such as the New Consensus Macroeconomics, and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics
Persistent link: https://www.econbiz.de/10012054267
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The Political Economy of Fiscal Consolidation in Japan
Ihori, Toshihiro - 2015
This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special … emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation …
Persistent link: https://www.econbiz.de/10012401959
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Inflation Dynamics in South Africa : The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs
Ndou, Eliphas - 2017
This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size...
Persistent link: https://www.econbiz.de/10012397495
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Economic Policies since the Global Financial Crisis
Arestis, Philip (ed.); Sawyer, Malcolm (ed.) - 2017
This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007-2009. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour...
Persistent link: https://www.econbiz.de/10012397525
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Zero-Hours Contracts in a Frictional Labor Market
Dolado, Juan Jose; Lalé, Etienne; Turon, Hélène - 2022
We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) a contract that exempts employers from the requirement to provide any minimum working hours, and allows employees to decline any workload. We find quantitatively that ZHCs improve welfare by enabling firms with more volatile...
Persistent link: https://www.econbiz.de/10014083937
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Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment and Staggered Wage Negotiation
de Walque, Gregory - 2009
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10012764242
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Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment
Bodart, Vincent; de Walque, Gregory; Pierrard, Olivier; … - 2021
In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified...
Persistent link: https://www.econbiz.de/10013317263
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Debt and Distortion : Risks and Reforms in the Chinese Financial System
Armstrong-Taylor, Paul - 2016
China’s unprecedented growth has transformed the lives of its people and impacted economies across the globe. The financial system supported this growth by providing cheap loans to boost investment and, in a virtuous cycle, rapid growth insured that these loans could be repaid. However, in...
Persistent link: https://www.econbiz.de/10012398127
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Money, Stock Prices and Central Banks : A Cointegrated VAR Analysis
Wiedmann, Marcel - 2011
whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter … flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand …
Persistent link: https://www.econbiz.de/10014015328
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Japan’s Lost Decade : Lessons for Asian Economies
Yoshino, Naoyuki (ed.); Taghizadeh-Hesary, Farhad (ed.) - 2017
caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment-saving” (IS …This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for … other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the …
Persistent link: https://www.econbiz.de/10012397422