Einige Anmerkungen zu den Determinanten Wirtschaftlicher Stabilität

1998 ◽  
Vol 47 (1) ◽  
Author(s):  
Hans Peter Grüner
Keyword(s):  
Monetary Policy ◽  
Conflict Resolution ◽  
Social Norms ◽  
Economic Performance ◽  
Institutional Factors ◽  
Economic Stability ◽  
Stability Performance ◽  
The Future ◽  
Recent Debate ◽  
Fiscal And Monetary Policy

AbstractThe term Stabilitätskultur (culture of stability) has gained popularity in the recent debate on the future institutions for fiscal and monetary policy in Europe. Those who use it argue that - besides institutions - social norms and traditional behavior are crucial for a country's economic performance. This paper provides a survey of theoretical explanations for the fact that non-institutional factors determine economic stability. Economic instability is interpreted as the result of inefficient conflict-resolution. I discuss both, institutional and non-institutional explanations of instability and the possibilities to improve an economy’s stability performance.

scholarly journals Indonesia Macro Economy Stability Pattern Prediction

2017 ◽  
Author(s):  
Andysah Putera Utama Siahaan
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Government Spending ◽  
Economic Stability ◽  
Monetary Policies ◽  
Economic Fundamentals ◽  
The Exchange Rate ◽  
Fiscal And Monetary Policy

This study examines whether economic stability in Indonesia capable predicted by the model Mundell-Fleming. Prediction proxy stability of the interaction of fiscal and monetary policy. During Indonesia's economic stability is largely determined by the strength of economic fundamentals, while economic fundamentals are strongly influenced by fiscal and monetary policies. Therefore flemming Mundell predicts how strong the economic stability in Indonesia ?, the statement in the analysis by using a long-term predictions are Vector Autoregression. Research findings indicate patterns of interaction predictions variety of fiscal and monetary policy, both short term, medium term and long term. It turned out that fiscal policies are derived from taxes are more effective than government spending to control economic growth, investment and inflation, but government spending is more effective to control the exchange rate. The monetary policy of interest rates more effectively control the exchange rate and inflation, while the money supply is more effective in controlling the growth of economy and investment.

scholarly journals Dynamic Analysis of Two Policy Lags in a Kaldorian Model

2015 ◽  
Vol 2015 ◽  
pp. 1-12
Author(s):  
Eiji Tsuzuki
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Dynamic Analysis ◽  
Time Lag ◽  
Economic Stability ◽  
Fiscal And Monetary Policy

We examine the effects of policy lags on local economic stability using a Kaldorian model. This study analyzes two cases: the case of a monetary policy with a time lag and the case of a policy with both fiscal and monetary lags. Similar to the case of fiscal policy lags examined in a previous study, monetary policy lags have destabilizing effects on economic stability. However, in the case of the existence of both fiscal and monetary policy lags, there is a possibility that a monetary policy lag can stabilize an economy.

scholarly journals MONETARY AND FISCAL POLICY ANALYSIS: WHICH IS MORE EFFECTIVE?

2015 ◽  
Vol 29 (3) ◽  
Author(s):  
Muhamad Yunanto ◽  
Henny Medyawati
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Simultaneous Equations ◽  
Economic Stability ◽  
Short Term ◽  
State Budget ◽  
Correction Model ◽  
Macroeconomic Indicators ◽  
Monetary And Fiscal Policy ◽  
Fiscal And Monetary Policy

Fiscal policy is an adjustment in the income and expenditure of government as stipulated inthe state budget in order to achieve better economic stability and pace of development. Themain objective of this study was to measure and analyze Fiscal and Monetary Policy of theGross Domestic Product (GDP). Fiscal Policy Multiplier (FPM) and Monetary PolicyMultiplier (MPM) are used to answer the debate where more effective between fiscal policy andmonetary policy. Short-term models derived through error correction model (ECM), which alsoforms the derivative equation. A system of simultaneous equations two stage least squares(TSLS), is used to describe the sensitivity analysis (response) of shocks to the policy change ofimportant macroeconomic indicators. The results showed that during the study period,Indonesia's monetary policy more effective than fiscal policy.Keywords: monetary policy, fiscal policy, Mundell-Flemming Model

scholarly journals MONETARY AND FISCAL POLICY ANALYSIS: WHICH IS MORE EFFECTIVE?

2015 ◽  
Vol 29 (3) ◽  
Author(s):  
Muhamad Yunanto ◽  
Henny Medyawati
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Simultaneous Equations ◽  
Economic Stability ◽  
Short Term ◽  
State Budget ◽  
Correction Model ◽  
Macroeconomic Indicators ◽  
Monetary And Fiscal Policy ◽  
Fiscal And Monetary Policy

Fiscal policy is an adjustment in the income and expenditure of government as stipulated inthe state budget in order to achieve better economic stability and pace of development. Themain objective of this study was to measure and analyze Fiscal and Monetary Policy of theGross Domestic Product (GDP). Fiscal Policy Multiplier (FPM) and Monetary PolicyMultiplier (MPM) are used to answer the debate where more effective between fiscal policy andmonetary policy. Short-term models derived through error correction model (ECM), which alsoforms the derivative equation. A system of simultaneous equations two stage least squares(TSLS), is used to describe the sensitivity analysis (response) of shocks to the policy change ofimportant macroeconomic indicators. The results showed that during the study period,Indonesia's monetary policy more effective than fiscal policy.Keywords: monetary policy, fiscal policy, Mundell-Flemming Model

scholarly journals CORONAVIRUS, LOCKDOWN, AND ECONOMY

MEST Journal ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 8-14
Author(s):  
Helmuth Gomez ◽  
Gabriela Antosova
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Economic Performance ◽  
Global Economy ◽  
Supply And Demand ◽  
Economic Structure ◽  
Market Mechanism ◽  
Animal Spirits ◽  
Long Run ◽  
The Future

Humanity has faced an unprecedented biological threat that collapsed the global economy and engulfed the animal spirits in a severe wave of pessimism and fear. The measures of policy have combined an expansive monetary policy and an extra fiscal expenditure that was not contemplated in the budgetary planning exercise. The recuperation stage is strongly challenging and requires all efforts of economic policy. The future global economic performance relies on the breaking policy postures that can succeed in realigning the path of growth in the long run. In any case, the destruction in the economic network and employment is so hard to restore that we must avoid the risk is to align the economy in a more stagnant path of growth for the future. The concluding part of the paper states that during the pandemic we saw that the way ahead should not be headed by the market mechanism but instead by an openly interventionist economic policy. In this blatantly ominous stage of the economy, serious doubts emerged about the ability of spontaneous supply and demand forces to recover the economic structure left in shambles by this disruptive shock.

On South Sudan, in English. Review of the Books by Peter Martell “First Raise A Flag: How South Sudan Won the Longest War but Lost the Peace” and John Young “South Sudan’s Civil War: Violence, Insurgency and Failed Peacemaking”

2020 ◽  
pp. 109-115
Author(s):  
Anna Sharova
Keyword(s):  
Conflict Resolution ◽  
Civil War ◽  
English Language ◽  
South Sudan ◽  
International Governance ◽  
Refugee Camps ◽  
Graham Greene ◽  
The Future ◽  
Independent Country ◽  
Spot Analysis

Anna Sharova reviews two recent books separately published by two English language authors – P. Martell and J. Young. The books are very different in style and mood. While P. Martell presents an excellent example of British journalist prose in the style of his elder compatriots Somerset Maugham and Graham Greene, who did their reporting and writing from exotic countries during fateful periods of history, J. Young offers a more academic, though no less ‘on the spot’ analysis of the situation in the youngest independent country of Africa. J. Young’s considers two possible approaches to conflict resolution as possible outcomes: non-intervention cum continuation of the war, or the introduction of international governance. P. Martell comes up with a disappointing prediction about the future of South Sudan. The war will go on, the famine will return, and the threat of genocide will not disappear. People will continue to flee the country, and refugee camps will grow. New warring groups will appear, new murders will be committed. Neighbouring states will not stop competing for influence and resources. New peacekeepers will arrive. Warlords will be accused of crimes, but, as before, they will escape punishment, while some will be promoted.

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