[PDF] Top 20 Essays on monetary, fiscal and trade policy in open economies

... increase in aggregate tech- nology and mark up under the optimal ...technology and fiscal policies are coordinated, the optimal policy mix embodies two clear prescriptions for the ... See full document

... Neri and F.M. Signoretti and ti- tled Credit and Banking in a DSGE Model of the Euro Area) studies the role of credit-supply factors in business cycle fluctuations and in ... See full document

... European Monetary Union (EMU) induced a considerable in- crease of the intra trade volumes of the member countries, due to the advantages of having the same unit of accounts and no exchange ... See full document

... used. In all the analyses we have taken advantage of the framework provided by the input-output ...production and consumption sectors of an economy (Leontief, ...only monetary flows and ... See full document

... 2008-09, and ex- perienced a slower recovery in the following ...volatility and of performance during the ...variables and attempt to identify measures with predictive power, but results are ... See full document

... penditure in an attempt to stimulate private activity and avoid a prolonged ...problems and they were forced to undertake large consolidation ...discretionary fiscal policy is employed ... See full document

... regression and PVAR approaches to study the effect of fiscal policy on the current account using a large sample of advanced, emerg- ing and low-income ...strengthening in the ... See full document

... International Trade and Firm Dynamics, and the con- nection between ...countries trade? In particular, what do we gain by living in an economy with very little barriers to ... See full document

... both monetary policy and inflation expectations of private subjects are usually defined in terms of consumption-based indices, (ii) it is the most relevant measure of inflation in small ... See full document

... fact in market economies. Some claim that its share in measured GDP has been increasing in for the last 20 years to make the informal economic sector a significant phenomenon in many ... See full document

... that trade liberalization is a policy reform essential to promoting growth, a large number of developing countries undertook important trade reforms during the last quarter of the 20th ...Wacziarg ... See full document

... interested in the problem of tax enforcement, defined as the inability of the state to raise taxes as a result of weak administrative execution rather than weak ...derived in a static environment via ... See full document

... focused on the search-related distortion in the labor market following from a failure of the standard Hosios condition to ...optimal monetary policy in an economy char- acterized by ... See full document

... shock on inflation is small (compared to the case of discretionary policy rational expectations), and inflation reverts to the equilibrium in a sluggish ...manner. In both instances ... See full document

... focus on the first order conditions. In order to do it we will take a local approximation of the model which means we need to find a reasonable point around which to perform the approximation (for a ... See full document

... where monetary and fiscal policy are conducted by two in- dependent authorities, sharing the same ...the fiscal policy maker chooses the fiscal gap sequen- tially, ... See full document

... 4 In doing so, I follow the tradition of the literature on optimal fiscal policy built upon Lucas and Stokey ...variation in the time preference of ...rate and, at ... See full document

... extended in three complementary ...data in order to investigate the e¤ects of di¤erent monetary policy ...optimal monetary policy rule in a scenario of …nancial ... See full document

... productivity in each country and the possibilities of a transfer of technology after trade agreements play central roles in the results of these ...Rivera-Batiz and Romer (1991), Young ... See full document

... Glaeser and Saiz (2004) find that a 1 percentage point increase in the share of a city’s adult population with a bachelor’s degree is associated with an increase in the decadal population growth rate ... See full document