Results 61 to 70 of about 505 (157)

Contractionary Effects of Devaluation and the Balance Sheet Effect in a Macroeconomic Model With Heterogeneous Firms

Metroeconomica, EarlyView.
ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues, Lílian Rolim, Laura Carvalho   +2 more
wiley   +1 more source

The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley   +1 more source

Macroeconomic Effects of Public Investment in EMDEs: Nonlinear Effects of the Business Cycle, Fiscal Space, Capital Stock and Efficiency

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT The paper examines the macroeconomic effects of public investment in emerging market and developing economies (EMDEs). To this end the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment.
Amat Adarov, Benedict Clements, João Tovar Jalles   +2 more
wiley   +1 more source

Anchored or Adrift? A Note on Measuring Inflation Expectations Anchoring

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We develop a behavioural model of inflation which contains an indicator that quantifies the expectations unanchoring risk over the business cycle. We estimate this model using US and Canadian inflation and output gap data. We find that during the post‐pandemic inflation surge, the macroeconomic data are compatible with non mean‐reverting ...
Olena Kostyshyna, Isabelle Salle, Hung Truong   +2 more
wiley   +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

Anchoring of inflation expectations and the role of monetary policy and cost‐push factors

The Scandinavian Journal of Economics, EarlyView.
Abstract This paper studies the anchoring of inflation expectations at the individual forecaster level. It proposes a novel measure of anchoring based on both point and density forecasts, and uses data from the European Central Bank Survey of Professional Forecasters to examine its co‐movement with expectations about monetary policy and key cost‐push ...
Robert L. Czudaj
wiley   +1 more source

An ecology of moral infrastructure: Canadian social work ethics, 1940–2024

International Journal of Social Welfare, Volume 35, Issue 4, October 2026.
Abstract Social work is held to be unified by a stable, coherent value base across time and jurisdiction. Drawing on articulation theory and infrastructure studies, this paper provides the first systematic historical analysis of eight Canadian Association of Social Workers codes (1940–2024) as assembled within an ecology of moral infrastructure ...
Tina E. Wilson
wiley   +1 more source

Marvin Goodfriend: economist and central banker. [PDF]

Bus Econ, 2023
Marshall DA.
europepmc   +1 more source

Does Openness Amplify Money‐Financed Fiscal Stimulus? A Fiscal Theory Perspective

Review of International Economics, Volume 34, Issue 4, Page 914-930, September 2026.
ABSTRACT Does economic openness enhance or diminish the effectiveness of money‐financed (MF) fiscal stimulus? This study re‐examines this question within a small open economy framework, emphasizing the fiscal regime governing government debt valuation. While the authors of an earlier study show that MF fiscal expansions generate larger output responses
Eiji Okano, Chikafumi Nakamura
wiley   +1 more source

The inflationary effects of sectoral reallocation. [PDF]

J Monet Econ, 2023
Ferrante F, Graves S, Iacoviello M.
europepmc   +1 more source