Results 51 to 60 of about 648 (140)

Is There an Information Channel of Monetary Policy?

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT Exploiting the heteroskedasticity of the changes in short‐term and long‐term interest rates and exchange rates around the FOMC announcement, we identify three structural monetary policy shocks. We eliminate the predictable part of the shocks and study their effects on financial variables and macro variables.
Oliver Holtemöller, Alexander Kriwoluzky, Boreum Kwak   +2 more
wiley   +1 more source

New Keynesian Liquidity Trap and Conventional Fiscal Stance: An Estimated DSGE Model

Economics and Business, 2019
The study investigates the effect of New Keynesian liquidity trap on fiscal stance in the United States, United Kingdom and Japan economies. We developed our DSGE model in the context of an optimal and persistent interactive fiscal policy, which allows ...
Shobande Olatunji Abdul, Shodipe Oladimeji Tomiwa   +1 more
doaj   +1 more source

Inflation – Harrod-Balassa-Samuelson Effect in a DSGE Model Setting

Economic and Business Review, 2019
This paper sets up a two-country two-sector dynamic stochastic general equilibrium model that introduces sector specific productivity shocks with quality improvement mechanism of goods.
Črt Lenarčič
doaj   +1 more source

Learning From 25 Years of Changes in Business Tax Policy

Public Budgeting &Finance, EarlyView.
Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley   +1 more source

Effect of Financial Frictions on Monetary Policy Conduct: A Comparative Analysis of DSGE Models with and without Financial Frictions

Economies
In this study, we explored the impact of bank leverage and financial frictions on the transmission of real and financial shocks. Two new Keynesian dynamic stochastic general equilibrium (DSGE) models, with and without financial frictions, were employed ...
Salha Ben Salem, Sonia Sayari, Moez Labidi   +2 more
doaj   +1 more source

South Africa's Inflation: Monetary or Fiscal

South African Journal of Economics, Volume 94, Issue 4, December 2026.
ABSTRACT Conventional macroeconomics has viewed inflation as a monetary phenomenon through the quantity theory of money. Ever‐increasing sovereign debt globally has caused concern amongst economists. These concerns follow not from the ability of governments to repay their debt, but rather the impact of sizeable debt portfolios on price levels.
Guangling Liu, Christopher D. Solomon
wiley   +1 more source

Demographic Dynamics and International Trade: Stylized Facts and Theoretical Insights

Journal of Economic Surveys, Volume 40, Issue 4, Page 1806-1833, September 2026.
ABSTRACT Demographic change within a country has economic repercussions for other countries through international transactions. Ongoing shifts in population size and age structure across countries have important implications for international trade, operating through changes in market size, consumption preferences, and labor supply.
Kumuthini Sivathas
wiley   +1 more source

External Shocks, Cost Push and Stagflation in Iran [PDF]

برنامه‌ریزی و بودجه, 2023
Two major sources of inflationary forces in Iran's economy during the past three decades have been the exchange rate depreciation and soaring imported goods prices, and the imbalance between the nominal scale of the economy and its production capacity ...
Seyyed Ahmad Reza Jalali Naeini, Shahbod Seighalani   +1 more
doaj  

Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model

South African Journal of Economics, Volume 94, Issue 3, September 2026.
ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley   +1 more source

Monetary–Fiscal Coordination in South Africa: Aligning the Stars

South African Journal of Economics, Volume 94, Issue 3, September 2026.
ABSTRACT Monetary–fiscal policy tensions build‐up when debt is rising and inflation is falling. We introduce the concept of a fiscal‐neutral rate (fiscal r‐star) into a two‐agent new Keynesian dynamic stochastic general equilibrium model estimated with South African data.
Roy Havemann, Hylton Hollander
wiley   +1 more source