fiscal spillovers
Insulation Impossible : Fiscal Spillovers in a Monetary Union
... then fiscal spillovers create a dependence of monetary policy on regional fiscal ...between fiscal policy and monetary ...of fiscal policy by governments within a ...
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Fiscal Spillovers in the Euro Area
... of fiscal spillovers across countries or regions within the euro ...by fiscal imbalances in specific foreign economies in determining domestic bond yields in a multi-country environment including ...
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Insulation Impossible: Monetary Policy and Regional Fiscal Spillovers in a Federation
... to fiscal measures of a member coun- try, there are more subtle channels of interaction across countries within a federation operating through a monetary ...the fiscal (debt) policies of large regions may ...
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Measuring fiscal spillovers in EMU and beyond: A Global VAR approach. CEPS Working Paper No. 428 / December 2016
... While fiscal spending increases, equity prices in peripheral countries ...to fiscal policy. He measures fiscal spillovers by modeling the time-varying pattern of co-movements among ...by ...
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Insulation impossible: monetary policy and regional fiscal spillovers in a federation
... This paper studies the interactions of …scal and monetary policies in the presence of …scal spillovers within a monetary union. When capital markets are integrated, the …scal policy of any member country will ...
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Monetary Exit and Fiscal Spillovers
... 7.3. Ultra-ambitious Fiscal Policymaker. We assume that ultra-ambitious govern- ments are unwilling to coordinate with the central bank. This re‡ects a free-riding problem in a monetary union, present primarily in ...
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Insulation Impossible: Fiscal Spillovers in a Monetary Union
... Of course, these spillovers were anticipated at the creation of the EMU. For various reasons, in particular the pressures of national constituencies, the second option of insulation was chosen. There is no ...
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Fiscal policy shocks and international spillovers
... that spillovers, rather than being large may even be negative due to the fiscal expansion in one country resulting in the euro ...from fiscal policy arise not from the increase in government spending ...
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Changes in the Eurozone governance after the crisis and the issue of growth
... and fiscal spillovers between euro member countries; in addition, the global financial crisis has highlighted the lack of appropriate economic policy instruments to manage ...institutions, fiscal ...
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Fiscal and education spillovers from charter school expansion
... the fiscal spillovers of charter ex- pansion: per non-charter student, districts’ (1) total expenditures, and their expenditures on (2) fixed costs, (3) instruction, (4) salaries, and (5) support ...
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Technological spillovers from multinational firms
... technological spillovers are positive; the horizontal ones are the largest, followed by backward ...Forward spillovers are of a lower ...technological spillovers is only around 44% the size of ...
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Do institutions matter for FDI spillovers ? the implications of China's"special characteristics"
... productivity spillovers via horizontal and vertical linkages, as these spillovers affect the reform of state enterprises through joint venture ...of spillovers that originate from FDI aggregations ...
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Co-movements in Real Effective Exchange Rates : Evidence From the Dynamic Hierarchical Factor Model
... on spillovers during crises, this paper will calculate and evaluate the size and evolution of spillovers, without making a clear distinction between crisis and non-crisis ...and spillovers, and in ...
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Price Discovery and Volatility Spillovers in Indian Spot Futures Commodity Market
... volatility spillovers in Indian spot-futures commodity markets through Johansen cointegration, Vector Error Correction Model (VECM) and the bivariate EGARCH ...
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On International Spillovers
... On International Spillovers Bianco, Dominique and Niang, Abdou-Aziz University of Bourgogne... Human capital H̄t.[r] ...
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A Note on Local Public Good Induced Spillovers between a Leading and a Lagging Region
... spatial spillovers in an aggregate economy consisting of a leading and a lagging region where the spillovers stem from the provision of a local public ...
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F D I through the imitation procedure The case of China: A Note
... China is situated in the Asian region, where the competition for F.D.I. has become very intense during the past decade. 28 China has a positive attitude towards F.D.I. because the country uses these capitals in order to ...
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Estimation of Foreign MNEs spillovers in Spain
... MNEs spillovers on local …rms’ productivity still remains an open question and the empirical evidence on this particular subject is ...MNEs spillovers and local …rms’ productivity is ...positive ...
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Volatility spillovers and stock market co-movements among Western, Central and Southeast European stock markets
... fundamentals (Pericoli and Sbracia, 2001). By macroeconomic fundamentals in the sense of the contagion phenomenon, the economists commonly refer to the trade, financial and economic linkages which are normally ...
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Foreign Investment and Domestic Productivity in the Czech Republic: A Quantitative Survey
... FDI spillovers in the Czech Republic, and we use the results of these studies as our ...forward spillovers, not only horizontal ones (to avoid the obvious omitted variable ...FDI spillovers, while ...
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