Search Results - subject:"disciplining effect"

Poor industry conditions as an external disciplining mechanism in takeovers

Fidrmuc, Jana P.; Tykvová, Tereza - In: Corporate governance : an international review 33 (2025) 2, pp. 246-273

Persistent link: https://www.econbiz.de/10015338423

Fiscal policy, institutional quality and central bank transparency.

Dai, Meixing; Sidiropoulos, Moïse; Spyromitros, Eleftherios - Bureau d'Économie Théorique et Appliquée (BETA), … - 2014

-the-wheels’ effect or weak ‘greasing-the-wheels’ effect, we have shown that there is a fiscal disciplining effect of central bank opacity …

Persistent link: https://www.econbiz.de/10011004036

Central bank transparency with the cost channel.

Dai, Meixing; Zhang, Qiao - Bureau d'Économie Théorique et Appliquée (BETA), … - 2013

Using a New Keynesian model with the cost channel, characterized by distortions due to monopolistic competition and the firms’ need to pre-finance their production, we show that central bank transparency affects the economy not only through the effects of inflation shocks but also of demand...

Persistent link: https://www.econbiz.de/10010643607

Fiscal disciplining effect of central bank opacity: Stackelberg versus Nash equilibrium.

Dai, Meixing; Sidiropoulos, Moïse - Bureau d'Économie Théorique et Appliquée (BETA), … - 2011

opacity has a fiscal disciplining effect in the sense that it induces the government to reduce taxes and public expenditures … Nash equilibrium, the government is still disciplined by central bank opacity. However, the disciplining effect on the …

Persistent link: https://www.econbiz.de/10009318792

Fiscal disciplining effect of central bank opacity: Stackelberg versus Nash equilibrium

Dai, Meixing; Sidiropoulos, Moïse - In: Economics Bulletin 31 (2011) 4, pp. 3068-3076

opacity has a fiscal disciplining effect in the sense that it induces the government to reduce taxes and public expenditures … paper that, in a Nash equilibrium, the government is still disciplined by central bank opacity. However, the disciplining … effect on the level and variability of inflation and the output gap is more likely dominated by the direct effect of opacity. …

Persistent link: https://www.econbiz.de/10009358898

Fiscal disciplining effect of central bank opacity: Stackelberg versus Nash equilibrium

Dai, Meixing; Sidiropoulos, Moïse - Volkswirtschaftliche Fakultät, … - 2011

In a Stackelberg equilibrium, central bank opacity has a fiscal disciplining effect in the sense that it induces the …

Persistent link: https://www.econbiz.de/10008923042

Monetary and fiscal policy interactions with central bank transparency and public investment

Dai, Meixing; Sidiropoulos, Moïse - Volkswirtschaftliche Fakultät, … - 2010

In this paper, we study how the interactions between central bank transparency and fiscal policy affect macroeconomic performance and volatility, in a framework where productivity-enhancing public investment could improve future growth potential. We analyze the effects of central bank’s...

Persistent link: https://www.econbiz.de/10008534289

Monetary and fiscal policy interactions with central bank transparency and public investment.

Dai, Meixing; Sidiropoulos, Moïse - Bureau d'Économie Théorique et Appliquée (BETA), … - 2010

Persistent link: https://www.econbiz.de/10008472285