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Competition and Collaboration in the AI Race: Country-LevelDirectional Evidence for Risk Monitoring and Policy. [PDF]
Liu P +6 more
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Polycentric banking and macroeconomic stability
AbstractWe contribute to the post-crisis literature on macroeconomic stability by arguing that polycentric banking systems can better achieve stability than monocentric systems. Building on the theories of E. Ostrom, we engage the literature on free banking systems to show that these systems met the requirements of polycentric governance systems, and ...
Alexander William Salter, Vlad Tarko
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Unemployment Insurance in Macroeconomic Stabilization
SSRN Electronic Journal, 2021Abstract I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal propensity to consume than the employed or if agents precautionary save in light of future ...
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STABILIZING MACROECONOMIC FLUCTUATIONS IN THE EMU
Macroeconomic Dynamics, 2001Macroeconomic performance in the Economic and Monetary union (EMU) will be impaired if national fiscal policy flexibility and monetary flexibility of the ECB is limited, goods markets adjust sluggishly, labor mobility is low, and automatic stabilization from federal taxes and government spending is low. This paper analyzes the stabilization of output
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2019
The aim of macroeconomic stabilization is restoring price stability and reducing monetary, fiscal, and balance-of-payment imbalances. Macroeconomic stabilization is particularly needed when a country suffers from high inflation or hyperinflation. To stop such an inflation one can choose between three types of anti-inflationary programmes: orthodox ...
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The aim of macroeconomic stabilization is restoring price stability and reducing monetary, fiscal, and balance-of-payment imbalances. Macroeconomic stabilization is particularly needed when a country suffers from high inflation or hyperinflation. To stop such an inflation one can choose between three types of anti-inflationary programmes: orthodox ...
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Improving Macroeconomic Stability
2015Although the initial impact of the global financial crisis on the region appeared limited, Asia was hit hard when the crisis spread to the real sector and caused the volume of world trade to collapse. Policymakers in almost all economies in the region responded to the sharp contraction of output by easing macroeconomic policies.
Masahiro Kawai, Shinji Takagi
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Average inflation targeting and macroeconomic stability
Economics Letters, 2022zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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