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Improving Surveillance Across the CEMAC Region

Iossifov, Plamen - 2009

In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a...

Persistent link: https://www.econbiz.de/10012677509

Monetary and Fiscal Policy Options for Dealing with External Shocks

Flores, Enrique - 2009

This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of...

Persistent link: https://www.econbiz.de/10012677750

Macroeconomic Responses to Terms-of-Trade Shocks

Berkmen, Pelin - 2009

This paper presents a version of the global integrated monetary fiscal (GIMF) model adapted and calibrated to the Argentine economy. The model replicates the effect of the strong improvement in Argentina's terms of trade stemming from higher world commodity prices as well as other key economic...

Persistent link: https://www.econbiz.de/10012677786

Procyclical Fiscal Policy : Shocks, Rules, and Institutions - A View From MARS

Manasse, Paolo - 2006

Persistent link: https://www.econbiz.de/10012691153

It's Never Different: Fiscal Policy Shocks and Inflation

Cevik, Serhan - 2023

economic conditions, as well as monetary policy type, exchange rate regimes and fiscal rules, at the time of the shock. We …

Persistent link: https://www.econbiz.de/10015059448

Firm-level Digitalization and Resilience to Shocks: Role of Fiscal Policy

Nose, Manabu - 2023

-level digitalization would help strengthen firms' resilience to a shock, and fiscal interventions can play an important role to promote …

Persistent link: https://www.econbiz.de/10015059461

The Return of Expansionary Austerity: Firms' Investment Response to Fiscal Adjustments in Emerging Markets

Magud, Nicolas - 2022

multiplier effect), it quickly rises above pre-shock levels. The rebound in investment is facilitated by fiscal space, flexible … investment contractions on impact, but drive private investment to above pre-shock levels. Finally, we exploit firm … sector and in larger and less indebted firms, and to show that the long-run benefits to economic activity of the fiscal shock …

Persistent link: https://www.econbiz.de/10015060537

Banks as Coordinators of Economic Growth.

Ueda, Kenichi - 2006

Intro -- Contents -- I. INTRODUCTION -- II. MODEL SETTING AND CHARACTERISTICS -- III. UNIQUE EQUILIBRIUM CANDIDATE WITH STRATEGIC INTERMEDIATION -- IV. EXISTENCE OF AN EQUILIBRIUM WITH FREE RECONTRACTING OPPORTUNITY -- V. DISCUSSION -- VI. CONCLUDING REMARKS -- REFERENCES -- APPENDIX I. PROOFS...

Persistent link: https://www.econbiz.de/10012691170

The Information Content of Money in Forecasting Euro Area Inflation

Stavrev, Emil - 2008

This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of structural and empirical models in a consistent framework using...

Persistent link: https://www.econbiz.de/10012677626

The ECBâ s Monetary Analysis Revisited

Berger, Helge - 2008

Contents -- I. Introduction -- II. A Brief Guide Monetary Analysis in the ECB's Strategy and Its Evolution Since 1998 -- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary Analysis -- VI. How Time Path Dependent Should the...

Persistent link: https://www.econbiz.de/10012682180