Despite this realisation, there is a lack of investigation into drivers of the current account and the impact of macroeconomic policy on current account dynamics in emerging markets. To address this, the study estimates an SVAR model to analyse the effect of fiscal shocks on the current account....
The key finding is that an expansionary fiscal policy in one EMU member will have an effect both on its spreads and on the overall level of interest rates for the currency union as a whole, with the second effect, however, being quantitatively much more significant. This suggests that there...
aFiscal policy usually involves changes in taxation and spending policies. Lower taxes mean more disposable income for consumers and more cash for businesses to invest in jobs and equipment. Stimulus-spending programs, which are short-term in nature and often involve infrastructure projects, can also...
European Monetary Union (EMU) has long been considered an important part of the European integration process, albeit a highly ambitious one. Provisions for the coordination of monetary policies in the European Community (EC) were already included in the
Caution is policy in fiscal storm ; Plan to mend cuts in budget on holdRachana Rathi
:Focuses on a study that examined whether state and local fiscal policy in the United States depended on the number of seats in the legislature in the first half of the 20th century. Data analysis; Basic results; Role of political parties on fiscal policy; Role of legislature size in expendi...
There is much interest in the factors determining fiscal policy in order to explain existing differences in policy outcomes between countries and within co... MD Perez - University of Southern California. 被引量: 0发表: 2013年 Fiscal Transparency, Political Parties, and Debt in OECD Countries Alt...
It seems safe to assume that fiscal policy is characterized as “Ricardian” in the terminology of Woodford (1995), or “passive” in the terminology of Leeper (1991), if the government shows strong fiscal discipline. If this is the case, we can design an optimal monetary policy rule ...
aFiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply. These two policies are used in various combi...
"Without further efforts, the return of fiscal policy to its pre-pandemic normal may take years," the blog said, calling for "decisive efforts" from policymakers. Governments should immediately phase out legacies of crisis-era fiscal policy, including energy subsidies, and pursue reforms to curb ...