[PDF] Top 20 Three essays on monetary and fiscal policy interactions

... A styl- ized small-scale New Keynesian model, extended to include fiscal policy and nominal gov- ernment debt, is specified and estimated through Bayesian methods in order to identify th[r] ... See full document

... measures and indices in the last two decades; see Bomfim and Rudebusch (2000), Cecchetti and Krause (2002), Mendonça and Souza (2007, 2009), Levieuge at ...Bordo and Siklos (2015), ... See full document

... Spain and Sweden are the only countries that follow the usual pattern: inflation is statistically significant and there are expected signs for all ...Austria and in the United Kingdom, the major ... See full document

... capital and the regulatory ...loans and CREDG is the growth rate of total ...ROE and ROA are each bank’s Return on Equity and Return on Assets, whereas CF is banks’ cash flow ... See full document

... tary policy, naturally some contributions on the issue emerged, even though these policies were put in place not long ...Center on Fiscal and Monetary Policy of the Brook- ... See full document

... interest on graphical models and in particular on those based on DAGs as a general framework to describe and infer causal relations, exploring the connection between causal structure ... See full document

... of monetary conservatism depends on the type of strategic policy interactions that can be developed in the economy and, so, is highly model and parameter ...small-debt ... See full document

... IT and compares to non-targeting ...this monetary regime to create a macroeconomic environment that permits a recovery in economic ...end, three samples are used: advanced countries, developing ... See full document

... exchange and individual anonymity which together give an essential role to an otherwise useless durable object called ...Deviatov and Wallace (2012) has studied optimality of inflation in this ...a ... See full document

... constraints on fiscal policy and discretionary monetary policy to avoid inflation might end up being quite weak because not everyone will agree on what price stability ... See full document

... the monetary policy events will be the MRO and it will only be considered variations of this ...bond) and a risk premium (that the investor asks in return for holding and bearing the ... See full document

... regarding monetary policy, reaction functions are usually based on interest ...rate and moreover, future inflation movements; the ECB should focus on simple monetary rules ... See full document

... Ce travail envisage les interactions entre les politiques monétaire et fiscale, axées sur la Théorie des Jeux. La coordination entre ces deux politiques est essentielle, une fois que certaines décisions prises par ... See full document

... compile and analyse by means of a time series, using a panel the different CIS waves implemented in ...present and discuss the major concepts presented in the literature and used in the following ... See full document

... variables and weak instruments, the estimated parameters are generally lower, with respect to private and government bonds, than those estimated under ...that monetary policy surprises are not ... See full document

... rate, and the interaction term of the former two variables), however, does not lift the suspicion of weak ...correlations and first-stage R-squared through weak identification tests and endogeneity ... See full document

... direct and indirect default cost ...rms) and next we explored what happens when the reputation e¤ect parameter of rm increases ...market and in the output ...impact on the expected pro…ts that ... See full document

... a monetary union still inspires ambigu- ous ...Bayoumi and Eichengreen (1992) compared European countries to US reagions and proved that, with the exception of Germany and its close ... See full document

... Korea and Indonesia), by expanding the Country Beta Risk Model of Harvey and Zhou (1993), Erb ...1996b) and Gangemi ...especially monetary policy, upon country risk, by way of a time ... See full document

... exports and simultaneously making foreign assets cheaper in local currency ...countries and also other macroeconomic variables (such as FX volatility) reach the same conclusion, namely that an appreciation ... See full document