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  1. Väestön ikääntymisen taloudelliset vaikutukset
    Erschienen: 2021
    Verlag:  Valtioneuvoston kanslia, Helsinki

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    Quelle: Verbundkataloge
    Sprache: Finnisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789523834927
    Weitere Identifier:
    hdl: 10024/163134
    Schriftenreihe: Valtioneuvoston selvitys- ja tutkimustoiminnan julkaisusarja ; 2021, 36
    Schlagworte: Alternde Bevölkerung; Wirkungsanalyse; Öffentliche Finanzen; Rentenfinanzierung; Finnland; Population projections; Ageing; Macroeconomy; Public finances; Research; Research activities
    Umfang: 1 Online-Ressource (circa 121 Seiten), Illustrationen
  2. Fiscal policy, macroeconomic performance and industry structure in a small open economy
    Erschienen: July 2022
    Verlag:  Statistics Norway, Research Department, Oslo

    We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show that the government spending... mehr

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    We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show that the government spending multiplier in the case of a permanent expansionary fiscal policy coupled with a Taylor-type interest rate rule is around 1 over a ten-year horizon. The corresponding labour tax multiplier is about 0.5. These multipliers are somewhat larger in the case of a transitory fiscal stimulus. The government spending multiplier, in the case of either a permanent or a transitory fiscal stimulus, is considerably larger than 1 when monetary policy is made accommodative by keeping the interest rate fixed. Our simulations also show that the industry structure is substantially affected by an expansionary fiscal policy, as value added in the non-traded goods sector increases at the expense of value added in the traded goods sector. The contraction of activity in the traded goods sector increases when monetary tightening accompanies the fiscal stimulus. Hence, we find that such a policy mix is likely to produce significant de-industrialisation in a small open economy with inflation targeting.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268060
    Schriftenreihe: Discussion papers / Statistics Norway, Research Department ; 984
    Schlagworte: Fiscal Policy; Macroeconomy; Industry Structure; Model Simulations
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  3. Dealing with debt
    less risk for more growth in Latin America and the Caribbean
    Beteiligt: Powell, Andrew (HerausgeberIn); Valencia, Oscar M. (HerausgeberIn)
    Erschienen: [2023]
    Verlag:  Inter-American Development Bank, [Washington, DC]

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    Beteiligt: Powell, Andrew (HerausgeberIn); Valencia, Oscar M. (HerausgeberIn)
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9781597825306
    Weitere Identifier:
    hdl: 11159/15909
    Schriftenreihe: Development in the Americas
    Schlagworte: Economy; Gross Domestic Product; Financial Bond; Bank Loan; Monetary Policy; Macroeconomy; Public Debt; Investment; Interest Rate; Pandemic; Coronavirus; Fiscal Policy; Debt Management; Liquidity; Small Business; Finance; Public Debt Management
    Umfang: 1 Online-Ressource (circa 399 Seiten), Illustrationen
  4. Finding the European crime drop using a panel data model with stochastic trends
    Erschienen: [2022]
    Verlag:  Tinbergen Institute, Amsterdam, The Netherlands

    We develop a panel data model with stochastic dynamic processes to empirically verify the possible existence of the European crime drop. This time-varying effect can be captured by the stochastic trend and can be interpreted as the "potential"... mehr

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    We develop a panel data model with stochastic dynamic processes to empirically verify the possible existence of the European crime drop. This time-varying effect can be captured by the stochastic trend and can be interpreted as the "potential" European crime drop. Due to the flexibility of our modeling framework, it is not needed to make the existence of the crime drop explicit beforehand. We consider three variants of the model, from pooling all parameters over the countries to the possibility of estimating country-specific loadings for the cross-national crime drop. To have an equivocal measure of crime over the countries for the considerable period of interest, we create homicide rates based on the World Health Organization Mortality Database. Our proposed model is able to extract the European crime drop as the underlying time-varying factor of the data. The partially pooled variant of the model is most similar to a two-way fixed effects model. The empirical results from both of these models are aligned. The none pooled variant of the model shows the usefulness of allowing for country-specific crime drop loadings. It is also beneficial to allow for a second stochastic trend for East-European countries. The findings are robust against the inclusion of macroeconomic variables in the model. In an additional explorative analysis, univariate results for the US show that the timing of the European and US crime drops coincide.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/273802
    Schriftenreihe: Array ; TI 2022, 089
    Schlagworte: Crime Drop; Europe; Macroeconomy; Time Series Econometrics
    Umfang: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  5. The impact of macroeconomic activity and yield valuation on mergers and acquisitions in Europe
    Erschienen: [2023]
    Verlag:  Bamberg Economic Research Group, Bamberg University, Bamberg

    We examine the macroeconomic determinants of mergers and acquisitions (M&A) using panel data over 2006:Q1 - 2022:Q2 for 21 European Union (EU) countries. Across di§erent model specifications we find that bond yields and past real GDP growth are... mehr

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    We examine the macroeconomic determinants of mergers and acquisitions (M&A) using panel data over 2006:Q1 - 2022:Q2 for 21 European Union (EU) countries. Across di§erent model specifications we find that bond yields and past real GDP growth are robust quantitatively and statistically significant determinants of M&A even after controlling for inflation and short-term global financial uncertainty. Additionally, we investigate the effect of the earnings before interest, taxes, depreciation and amortization multiple as an additional explanatory variable. A crucial novelty of our study is that bond yields reduce M&A activity because other investors are shifting their portfolios out of bonds and into riskier assets such as equities. We denote this as a "perverse valuation effect" making M&A more expensive. This interpretation and channel is unique to our study.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783949224065
    Weitere Identifier:
    hdl: 10419/273385
    Schriftenreihe: BERG working paper series ; no. 185 (March 2023)
    Schlagworte: Mergers and Acquisitions; Financial markets; Macroeconomy; European Union
    Umfang: 1 Online-Ressource (circa 25 Seiten), Illustrationen
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  6. Controlling chaotic fluctuations through monetary policy
    Erschienen: January 2023
    Verlag:  Kyoto University, Kyoto, Japan

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    Sprache: Englisch
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    Schriftenreihe: KIER discussion paper series ; no. 1091
    Schlagworte: Macroeconomy; Chaos Control; OGY method; Monetary Policy; OLG model; Chaos
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  7. The consumption, income, and wealth of the poorest
    an empirical analysis of economic inequality in rural and urban Sub-Saharan Africa for macroeconomists
    Erschienen: October 2017
    Verlag:  GSE, Graduate School of Economics, Barcelona

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Barcelona GSE working paper series ; no 1000
    Schlagworte: Macroeconomy; Consumption; Income; Wealth; Sub-Saharan Africa; Inequality; Cross-Sectional Data; Panel Data
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen