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Exchange rate pass-through in the euro area and EU countries
Ortega, Eva; Osbat, Chiara - 2020
movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …
Persistent link: https://www.econbiz.de/10012521145
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Exchange Rate Regime, Fiscal Foresight and the Effectiveness of Fiscal Policy in a Small Open Economy
Virkola, Tuomo - 2014
This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have...
Persistent link: https://www.econbiz.de/10012037640
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Fiscal policy challenges in oil-exporting countries – a review of key issues
Sturm, Michael; Gurtner, François; Alegre, Juan Gonzalez - 2009
expansion has added to inflationary pressure, and monetary policy has been constrained in tackling inflation as a result of …
Persistent link: https://www.econbiz.de/10011606256
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Public wage and pension indexation in the euro area: An overview
Checherita-Westphal, Cristina (contributor) - 2022
If the responses of wages - both private and public - and of pensions to an increase in inflation lead to second …
Persistent link: https://www.econbiz.de/10013480188
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Price stability and debt sustainability under endogenous trend growth
Schmöller, Michaela; McClung, Nigel - 2024
inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …
Persistent link: https://www.econbiz.de/10014457581
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Endogenous technology, scarring and fiscal policy
Schmöller, Michaela - 2022
This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the...
Persistent link: https://www.econbiz.de/10013463787
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Repercussions in Latin America and the Caribbean of the war in Ukraine : how should the region face this new crisis?ECLAC
Vereinte Nationen / Economic Commission for Latin … - 2022
. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …
Persistent link: https://www.econbiz.de/10013329423
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Reserve accumulation - objective or by-product?
de Beaufort Wijnholds, Johannes Onno; Søndergaard, Lars - 2007
This paper examines whether the level of reserves in emerging market countries has become excessive. It presents a discussion of “adequacy” versus “excessive” levels of reserves, and presents calculations of reserve adequacy for a large number of emerging market countries. Two categories...
Persistent link: https://www.econbiz.de/10011606225
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The impact of regulating occupational pensions in Europe on investment and financial stability
Amzallag, Adrien; Kapp, Daniel; Kok, Christoffer - 2014
This study examines the European Commission’s 2011 call for advice to the European Insurance and Occupational Pensions Authority (EIOPA) on the improvement of the Institutions for Occupational Retirement Provision (IORP) Directive (the “IORP Directive”). Specifically, it uses both the...
Persistent link: https://www.econbiz.de/10011606306
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Financial stability challenges in EU candidate and potential candidate countries
Ramon-Ballester, Francisco; Pulst, Daniela; Posch, Michaela - 2015
This paper reviews financial stability challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo*, Iceland, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. The paper has been prepared by an expert group of staff from the European...
Persistent link: https://www.econbiz.de/10011606316