Ergebnisse für *

Zeige Ergebnisse 26 bis 28 von 28.

  1. Real-time data and fiscal policy analysis
    a survey of the literature
    Erschienen: 2011
    Verlag:  CEPII, Paris

    Staats- und Universitätsbibliothek Bremen
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Document de travail / Centre d'Etudes Prospectives et d'Informations Internationales ; 2011,20
    Umfang: Online-Ressource (PDF-Datei: 32 S.), graph. Darst.
    Bemerkung(en):

    Zsfassung in franz. Sprache

  2. Real-time data and fiscal analysis
    a survey of the literature
    Erschienen: 2011
    Verlag:  European Central Bank, Frankfurt am Main

    This paper surveys the empirical research on fiscal policy analysis based on real-time data. This literature can be broadly divided in three groups that focus on: (1) the statistical properties of revisions in fiscal data; (2) the political and... mehr

    Staats- und Universitätsbibliothek Bremen
    keine Fernleihe
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (1408)
    keine Fernleihe

     

    This paper surveys the empirical research on fiscal policy analysis based on real-time data. This literature can be broadly divided in three groups that focus on: (1) the statistical properties of revisions in fiscal data; (2) the political and institutional determinants of projection errors by governments and (3) the reaction of fiscal policies to the business cycle. It emerges that, first, fiscal data revisions are large and initial releases are biased estimates of final values. Second, the presence of strong fiscal rules and institutions leads to relatively more accurate releases of fiscal data and small deviations of fiscal outcomes from government plans. Third, the cyclical stance of fiscal policies is estimated to be more 'counter-cyclical' when real-time data are used instead of ex-post data. Finally, more work is needed for the development of real-time datasets for fiscal policy analysis. In particular, a comprehensive real-time dataset including fiscal variables for industrialized (and possibly developing) countries, published and maintained by central banks or other institutions, is still missing. - Fiscal policy ; real-time data ; data revisions ; cyclical sensitivity

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/153841
    Schriftenreihe: Working paper series / European Central Bank ; 1408
    Umfang: Online-Ressource, (39 S., 1,41 MB)
  3. Private and public risk sharing in the Euro area
    Erschienen: 2017
    Verlag:  Tinbergen Institute, Amsterdam

    This paper investigates the contribution of private and public channels for consumption risk sharing in the EMU over the period 1999-2015. In particular, we explore the role of financial integration versus international financial assistance for... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 432 (2017,64)
    keine Fernleihe

     

    This paper investigates the contribution of private and public channels for consumption risk sharing in the EMU over the period 1999-2015. In particular, we explore the role of financial integration versus international financial assistance for private consumption smoothing in this set of countries. In addition, we present a time-varying test which allows estimating how risk sharing has evolved since the start of the EMU, and in particular during the recent crisis. Our results suggest that, whereas in the early years of the EMU only about 40% of output shocks were smoothed, in the aftermath of the euro zone's sovereign debt crisis about 65% of output shocks were absorbed, therefore reducing consumption growth differentials across countries. This progressive improvement of the shock absorption capacity is due to a higher financial integration, but also to the activation of the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM) channelling official loans to distressed euro zone economies. We also show that cross-border holdings of equities and debt seem to be more effective than cross-border bank loans in isolating households from country-specific shocks, therefore contributing to consumption smoothing.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/177632
    Auflage/Ausgabe: This version: 11 July 2017
    Schriftenreihe: Array ; TI 2017, 064
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen