Relative impact of monetary and fiscal policy in macroeconomic management
Top PDF Relative impact of monetary and fiscal policy in macroeconomic management:
Essays on Macroeconomic Policies and Redistribution
... Doerrenberg and Peichl, 2014; Wolff and Zacharias, 2007) generally views fiscal policy as a measure to address growing income inequality, which is a widespread concern nowadays ...discussed ...
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Essays on monetary and fiscal policy
... combination of a high degree of price stickiness with a large share of rule-of-thumb agents generates ...ition of this results can be illustrated with the following ...increase ...
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Essays on Macroeconomic Theory: Technology Adoption, the Informal Economy, and Monetary Policy
... finding of this chapter is that the model is able to generate income differ- ences consistent with the observed international patterns for differences in the produc- tivity of the investment sector ...
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Essays on Monetary Policy, Wage Bargaining and Fiscal Policy
... level of real economic activity in the ...the policy instrument dies off in the long-run. A change in the policy rule, however, has a permanent real effect since it alters the ...
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Analyzing the Impact of Monetary Policy on Financial Markets in Chile
... scenario and the monetary policy ...is in charge of setting the monetary policy and defining the reference interest rate ...eve of the meeting, background ...
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INFORME SOBRE EL COMERCIO Y EL DESARROLLO 2008: PRECIOS DE LOS PRODUCTOS BÁSICOS, FLUJOS DE CAPITAL
... The impact of such measures on productive investment can be amplified if banks are encouraged to make loans more easily available for ...amount of liquidity provided by the central bank, the prior ...
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Essays on Monetary and Fiscal Policy
... How and when can these imperfections be observed? In the face of uncertainty about a future repayment on their loans, lenders will charge higher interest rates to the riskier ...evolution of ...
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Essays on monetary policy and learning
... contemporaneous impact of a cost push shock on inflation is small (compared to the case of discretionary policy rational expectations), and inflation reverts to the equilibrium ...
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ClaseCap3
... ation of the inflation rate for the twelve months of the calendar ...definitions of independent variables are as follows: Past inflation is the logarithmic value of 1 plus the lagged inflation ...
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Monetary policy and the output gap
... La política monetaria es una política económica que usa la cantidad de dinero como variable de control o línea de referencia para asegurar y mantener la estabilidad económica (Clavijo, 2003). Para ello, la autoridad ...
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Kregel J A (2008c) “Financial Flows and International Imbalances – The Role of Catching up by Late Industrializing Developing Countries;” The Levy Economics Institute of Bard College, Policy Brief No 528
... international monetary system, that is, there is no official institution capable of supplying the international payments system with the liquidity required for the further expansion of ...system, ...
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A comparative study of the evolution of tourism policy in Spain and Portugal
... arrival of capital from international tour operators and hotel chains (Williams, 1996), as well as from private investors with an interest in real estate ...property and repatriate profits ...
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Business cycles and macroeconomic policy coordination in Mercosur
... evolution of industrial output following an alteration in the real exchange ...competition in the industrial sector than in the economy as a ...incidence of the currency mismatch effect ...
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Monetary Policy Rules in Colombia
... estimate of the coefficient on the output gap is positive and also statistically significant: ...error of 0.06. Thus, holding constant expected inflation, a one percent rise in the output gap ...
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Heterogeneous Effects of Monetary Policy
... ity and comparability ...lack of reliable and comparable data on the balance sheet structure of firms belonging to different European coun- tries was substantially affecting the possibility ...
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Oil in Colombia: History, Regulation and Macroeconomic Impact
... shift in fiscal ...education and health outlays mandated by ...“how” of the ...asked in the following way: why would a society who had watched carefully that the legal commitments ...
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Crises and crashes: Argentina 1885-2003
... crisis in many ways as Krugman (1998) points out. First, none of the fundamentals that led to crises a la Krugman were present in the Asian ...expansive monetary policy. Third, ...
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Monetary Theory and Policy
... outcome in such a situation is the major focus of chapter ...fluctuations in expenditures, these should be met through socially costless unanticipated ...Calvo and Guidotti (1993) made this ...
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Lessons from Colombian Economic Development
... events of the 1990s were characterized by severe ‘Dutch Disease’, the relaxation of budget constraints, and the adoption of many reforms with huge fiscal costs – leading to an ...
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Essays on monetary, fiscal and trade policy in open economies
... incentives of individual policy makers, we now take a look at the strategic interaction of policy ...equilibria of the policy game, where domestic and foreign ...
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