Search Results - subject:"macroeconomic stabilisation"

A Convergência Monetária: Portugal e a União Europeia

Torres, Francisco - Departamento de Economia, Gestão e Engenharia … - 2006

In Portugal, as in most other European Union (EU) countries, the challenge of Economic and Monetary Union (EMU) has worked as a mechanism for economic stabilisation. However, the political consensus on the participation in EMU did not develop with respect to the need for implementing structural...

Persistent link: https://www.econbiz.de/10005021922

Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities

Kirsanova, Tatiana; Wren-Lewis, Simon - Centre for Dynamic Macroeconomic Analysis, University … - 2006

We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the monetary authorities to stabilise output...

Persistent link: https://www.econbiz.de/10005807991

Five-Equation Macroeconomics A Simple View of the Interactions Between Fiscal Policy and Monetary Policy

Kirsanova, Tatiana; Stehn, Sven Jari; Vines, David - Business School, University of Exeter - 2006

This paper studies the interactions of fiscal and monetary policy when they stabilise a single economy against shocks in a dynamic setting. We assume that fiscal and monetary policies both stabilise the economy only by causing changes to aggregate demand. Our findings are as follows. If the both...

Persistent link: https://www.econbiz.de/10008852476

The interaction between monetary and fiscal policies in Turkey: An estimated New Keynesian DSGE model

Çebi, Cem - In: Economic Modelling 29 (2012) 4, pp. 1258-1267

This paper estimates a New Keynesian open economy DSGE model for Turkey by using Bayesian estimation technique for the period of 2002:q1–2009:q3. It studies fiscal and monetary policy interactions and their role in stabilisation of the economy using a small-scale model following the...

Persistent link: https://www.econbiz.de/10011048915

The interaction between monetary and fiscal policies in Turkey : an estimated New Keynesian DSGE model

Çebi, Cem - In: Economic modelling 29 (2012) 4, pp. 1258-1267

Persistent link: https://www.econbiz.de/10009667386

Macroeconomic stabilisation policies in the EMU: Spillovers, asymmetries and institutions

DI BARTOLOMEO, Giovanni; ENGWERDA, Jacob; PLASMANS, Joseph - Faculteit Toegepaste Economische Wetenschappen, … - 2003

-ordination implies then the implementation by each coalition of its internally coordinated macroeconomic stabilisation policies in a non …This paper studies the spillover sizes and signs and the institutional design of the co-ordination of macroeconomic … stabilisation policies within the European Economic and Monetary Union (EMU). Moreover, in a dynamic setup, the consequences of this …

Persistent link: https://www.econbiz.de/10005350925

Dangerous Liaisons? Financial Crisis, IMF and the Indonesian State

Roesad, Kurnya - Centre for Strategic and International Studies (CSIS) - 2000

adjustment packages. Particular attention is paid to an analysis of the reforms in three areas: macroeconomic stabilisation, debt …

Persistent link: https://www.econbiz.de/10005345934

When Inflation Persistence Really Matters: Two examples

Kirsanova, Tatiana; Vines, David; Wren-Lewis, Simon - Institut für Weltwirtschaft (IfW) - 2007

In this paper we present two examples where the presence of inflation persistence could influence the qualitative nature of monetary policy. In the first case the desirability of a monetary policy regime comes under question when extensive inflation persistence exists. In the second case the...

Persistent link: https://www.econbiz.de/10005818793

Five-Equation Macroeconomics: A Simple View of the Interactions Between Fiscal Policy and Monetary Policy

Kirsanova, Tatiana; Stehn, Sven Jari; Vines, David - C.E.P.R. Discussion Papers - 2006

Persistent link: https://www.econbiz.de/10005656218

Multilateral adjustment lending to states in India: Hastening fiscal correction or softening the budget constraint?

Rao, M. Govinda; Chakraborty, Pinaki - In: The Journal of International Trade & Economic Development 15 (2006) 3, pp. 335-357

The widening fiscal deficit of sub-national governments has made the task of macroeconomic stabilisation much more …

Persistent link: https://www.econbiz.de/10005282335