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National elections and sub-national electoral cycles : do strong fiscal rules matter in Europe?

Lopez Villavicencio, Antonia; Oriola, Hugo - 2025

Persistent link: https://www.econbiz.de/10015332266

High-quality economic growth and carbon emissions in Chinese cities : the moderating role of fiscal policies

Zhao, Guizhi; Guo, Yanfei; Bo, Lan - In: Digital economy and sustainable development 1 (2023) 1, pp. 1-22

notable variations. It is essential to note that the moderating effect of environmental protection expenditures lacks …

Persistent link: https://www.econbiz.de/10015332310

Hedging Sudden Stops & Precautionary Contractions

Caballero, Ricardo J.; Panageas, Stauros - 2005

Even well managed emerging market economies are exposed to significant external risk, the bulk of which is financial. At a moment's notice, these economies may be required to reverse the capital inflows that have supported the preceding boom. While capital flows crises are sudden nonlinear...

Persistent link: https://www.econbiz.de/10014081702

Fiscal Stabilization in the Emu

Aarle, Bas van; Garretsen, Harry - 2004

This paper analyzes the effects of macroeconomic shocks in the Economic and Monetary Union (EMU) using a stylized two-country model. First, it is shown how asymmetries between countries might matter in terms of the resulting business cycle fluctuations. More specifically, country-specific shocks...

Persistent link: https://www.econbiz.de/10014072149

Monetary Policy, Fiscal Policy, and the Inflation Tax : Equivalence Results

Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven H. - 2010

that financing a real expenditure by increasing the inflation rate is equivalent, across regimes, to financing the … expenditure by increasing the tax rate on social security benefits. Another implication is that a wide range of monetary policy …

Persistent link: https://www.econbiz.de/10014087764

Fiscal Policy Rules for Stabilisation and Growth : A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union

Brück, Tilman - 2012

quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range … demonstrates that in general the deficit target of the stability pact leads to less stabilisation than an expenditure target. The … results suggest that the deficit rule of the stability pact should be replaced with an expenditure rule augmented by medium …

Persistent link: https://www.econbiz.de/10013102162

The Rise of the Indian Economy : Fiscal, Monetary and Other Policy Challenges

Basu, Kaushik - 2012

This paper brings analytical economics to bear on some of the central economic policy challenges faced by contemporary India; monetary policy for controlling inflation, central bank exchange rate interventions and fiscal policy for promoting growth. Government, by giving orchestrated guarantees...

Persistent link: https://www.econbiz.de/10013102841

Cyclical Stabilisation Under the Stability and Growth Pact : How Effective are Automatic Stabilisers?

Brunila, Anne - 2012

It is largely recognised that fiscal policy will have larger responsibilities for cyclical stabilisation in EMU given the loss of the monetary instrument. At the same time, the EMU's budgetary framework emphasises the need to rely on automatic fiscal stabilisers, rather than active policies in...

Persistent link: https://www.econbiz.de/10013104492

Economic policy and performance in industrial democracies : party governments, central banks and the fiscal-monetary policy mix

Sakamoto, Takayuki - 2008

This is a systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and central banks affect the fiscal-policy mix in 18 industrial democracies in America, Europe and Asia

Persistent link: https://www.econbiz.de/10003527139

Does Fiscal Policy Affect the Monetary Transmission Mechanism? A Monetary Theory of Production (MTP) Response to the New Consensus Macroeconomics (NCM) Perspective

Fontana, Giuseppe; Pacella, Andrea; Realfonzo, Riccardo - 2017

Drawing on the contributions of Augusto Graziani to the so‐called monetary theory of production, this article aims to show that an accommodative monetary policy—as defended in the new consensus macroeconomics theory and supported by current practice around the world—has the maximum effect...

Persistent link: https://www.econbiz.de/10014122043