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Secular stagnation : insights from a new Keynesian model with hysteresis effects

Aarle, Bas van - 2016

To analyse the most important aspects of the Secular Stagnation hypothesis, this paper considers the effects of hysteresis in potential output in a New-Keynesian model that is extended with endogenous potential output. To do so, a number of simulations of relevant scenarios is undertaken. It is...

Persistent link: https://www.econbiz.de/10011444072

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10011509484

Keynesian, non-Keynesian or no effects of fiscal policy changes? : the EMU case

Aarle, Bas van - 2001

period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and … their macroeconomic effects and in the literatureon EMU, we analyze the effects of the fiscal adjustments during this … periodon private consumption. Thereby, we also take the specific context of thetransition towards EMU explicitly into …

Persistent link: https://www.econbiz.de/10011400376

Staying together or breaking apart : policy-makers endogenous coalitions formation in the European economic and monetary union

Aarle, Bas van; Di Bartolomeo, Giovanni; Engwerda, … - 2002

In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …

Persistent link: https://www.econbiz.de/10011410410

Staying together or breaking apart : policy-makers' endogenous coalitions formation in the European Economic and Monetary Union

Di Bartolomeo, Giovanni; Engwerda, Jacob Christiaan; … - 2002

In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …

Persistent link: https://www.econbiz.de/10011597642

Monetary policy in the Euro-Area : an analysis using a stylized new-Keynesian model

Garretsen, Harry (contributor); Moons, Cindy (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003275900

The impact of fiscal rules on public finances : theory and empirical evidence for the Euro area

Marneffe, Wim; Aarle, Bas van; Wielen, Wouter van der; … - 2010

This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...

Persistent link: https://www.econbiz.de/10008808242

Monetary policy in the New-Keynesian model : an application to the Euro-Area

Moons, Cindy; Garretsen, Harry; Aarle, Bas van; … - 2007

Persistent link: https://www.econbiz.de/10003531733

Fiscal adjustment in Greece : in search for sustainable public finances

Aarle, Bas van; Kappler, Marcus - 2011

This paper analyses Greek fiscal sustainability from a retrospective and a prospective view. Implications of Greek fiscal (un)sustainability are discussed. In the empirical analysis econometric testing of Greek government solvency during the period 1985-2008 is combined with a scenario analysis...

Persistent link: https://www.econbiz.de/10009424082

Monetary and fiscal policy interaction in the EMU : a dynamic game approach

Aarle, Bas van; Engwerda, Jacob Christiaan; Plasmans, … - 2001

Union. We argue that EMU, which introduced a common monetary policy and restrictions on fiscal policy at the national level …

Persistent link: https://www.econbiz.de/10011398097