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Economic integration, democratic capital, and the 'export' of democracy

Economic integration, democratic capital, and the 'export' of democracy
voxeu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxeu.org Daily Mail and Mail on Sunday newspapers.

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Intellectual property rights and wage inequality | VOX, CEPR Policy Portal

Intellectual property rights and wage inequality | VOX, CEPR Policy Portal
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Fiscal-monetary crosswinds in the euro area | VOX, CEPR Policy Portal

The topic of coordination between monetary and fiscal policy has become the focus of policy discussion in recent years (Draghi 2014, Lagarde 2020, Schnabel 2021). One reason is that there is limited space for traditional monetary policy based on steering the short-term interest rate when the latter is at (or close to) the effective lower bound (ELB). Many recent papers have advocated mechanisms to implement a coherent a monetary-fiscal policy mix (see, for example, the policy report by Barsch et al. 2021).
Empirically, there is limited knowledge about how the combination of monetary and fiscal policy affects inflation. This is a complex topic since there are multiple channels of interaction. Monetary policy, by affecting interest rates, output, and inflation, has an impact on the government’s budget constraint. The response of fiscal authorities via the adjustment of the primary deficit depends on the fiscal framework or the stabilisation objectives of fiscal authorities. Th ....

United States , Isabel Schnabel , Christine Lagarde , Mario Draghi , European Monetary Union , European Central Bank , Forum On Central Banking , National Bureau Of Economic Research , Nominal Returns , Primary Surplus , Euro Area , Global Crisis , Sign Restrictions , American Economic Review , How Monetary , Fiscal Policies Can Work , Fail Together , Geneva Reports , World Economy , Technical Report , National Bureau , Fiscal Theory , Jackson Hole , European Central , American Economic Journal , Central Banking ,

Outlooks, Outcomes, And Prospects For U.S. Monetary Policy, Federal Reserve Vice Chair Richard H. Clarida, At The Peterson Institute For International Economics, Washington, D.C. (Via Webcast)

Outlooks, Outcomes, And Prospects For U.S. Monetary Policy, Federal Reserve Vice Chair Richard H. Clarida, At The Peterson Institute For International Economics, Washington, D.C. (Via Webcast)
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New York , United States , University Of Chicago , United Kingdom , Jackson Hole , Chiara Scotti , Sergio Rebelo , Adam Posen , Martin Eichenbaum , Burcu Duygan , Daron Acemoglu , Michael Woodford , Yinxi Xie , Federal Reserve Bank , Market Committee , Federal Reserve , University Of Chicago Press , See National Bureau Of Economic Research , Monetary Policy , Brookings Institution , Manhattan Institute Shadow Open Market Committee , Business Cycle Dating Committee , Hutchins Center On Fiscal , Consequences Of Limited Foresight , Research Data Series , National Bureau Of Economic Research ,

LUMS study simplifies Treasury security issuance process

LUMS study simplifies Treasury security issuance process
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