This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five
OECD countries, using a structural Vector Autoregression approach. Its main results can be …

Fiscal policy Economists, policy-makers, and the media often argue that the Maastricht
Treaty and the Stability and Growth Pact make it difficult for governments of EMU countries to …

Estimating the effects of government debt and deficits on Treasury yields is complicated by
the need to isolate the effects of fiscal policy from other influences. To control for the effects …

This paper studies the effects of discretionary fiscal policy on output volatility and economic
growth. Using data for 91 countries, we isolate three empirical regularities:(1) governments …

Our chapter reviews positive and normative issues in the interaction between monetary and
fiscal policy, with an emphasis on how views on policy coordination have changed over the …

Most economists would agree that a hike in the federal funds rate will cause some slowdown
in growth and inflation, and that the bulk of the empirical evidence is consistent with this …

This paper provides a study of bond yield differentials among EU government bonds on the
basis of a unique data set of issue spreads in the US and DM (Euro) bond market between …

We use a panel of 16 OECD countries over several decades to investigate the effects of
government debts and deficits on long-term interest rates. In simple static specifications, a …

Given the high resilience of the Central and Eastern Europe (CEE) banking sectors during
the last financial crisis and their major role in the CEE region in financing the economy and …

We use panel data for 115 countries over the period 1995–2016 to model the heterogeneity
of the debt-growth nexus along with the underlying factors that might explain it. The grouped …