Showing 1 - 10 of 141,682
Macroprudential policy holds the promise of becoming a powerful tool for preventing financial crises. Financial amplification in response to domestic shocks or global spillovers and pecuniary externalities caused by Fisherian collateral constraints provide a sound theoretical foundation for this...
Persistent link: https://www.econbiz.de/10014124261
The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers addressed to a broad audience of public policymakers as well as to the academic community. Each paper is followed by comments and discussion to give a more complete context for the views...
Persistent link: https://www.econbiz.de/10004973044
Since the 1970s, Robert Barro's academic research has significantly influenced macroeconomic theory. For more than a decade, his writing has also enlivened the pages of publications such as the Wall Street Journal and Business Week. In Nothing Is Sacred, Barro applies his well-honed free market...
Persistent link: https://www.econbiz.de/10004973299
Purpose – The latest generation of research into macroeconomic policy has turned from more technical aspects of optimal control and expectations formation to consideration of the policymaking institutions themselves. More and more countries have moved towards greater degrees of central bank...
Persistent link: https://www.econbiz.de/10010611017
The characteristics that distinguish most developing countries, compared to large industrialized countries, include: greater exposure to supply shocks in general and trade volatility in particular, procyclicality of both domestic fiscal policy and international finance, lower credibility with...
Persistent link: https://www.econbiz.de/10009002656
The simulation of different macroeconomic policies depending on numerous objectives of national importance is a first order necessity for the Republic of Moldova, given the problems that it has to face in the transition period. Three macroeconomic models are presented and simulated: one of the...
Persistent link: https://www.econbiz.de/10005772646
Since the Helsinki European Council of December 1999, a process of increased coordination of fiscal policies in the area of the Euro seems to be on its way. In this paper I examine this process from the point of view of the independence of the European Central Bank (ECB). The interaction of the...
Persistent link: https://www.econbiz.de/10005744293
We focus on the political economy question of how incentives to reform are likely to be affected under the unique policy regime provided by the EMU. We develop the analysis using an extended ins & outs Barro-Gordon model of inflation and public expenditure within a framework where labour market...
Persistent link: https://www.econbiz.de/10005748048
The coordination of the economic policies of the EU Member countries started in the early 90´ s has become a permanent feature of the European integration process. Gradually a rather complicated mechanism has evolved aiming to combine and complement policies pursued at EU level with policies...
Persistent link: https://www.econbiz.de/10005673623
The coordination of the economic policies of the EU Member countries started in the early 90´ s has become a permanent feature of the European integration process. Gradually a rather complicated mechanism has evolved aiming to combine and complement policies pursued at EU level with policies...
Persistent link: https://www.econbiz.de/10005698643