Author/Editor: Dmitry Gershenson, Albert Jaeger, Subir Lall.

Release Date:March, 2016

In 2011, following years of large-scale external imbalances financed by debt, Portugal’s economy reached a crisis point. To restore economic growth and credibility with international lenders, the more...

Author/Editor: Ruben Atoyan, Albert Jaeger, Dustin Smith.

Release Date:September, 2012

A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy more...

Author/Editor: Ludger Schuknecht, Albert Jaeger.

Release Date:April, 2004

Boom and bust phases in asset prices have become a pervasive feature of macroeconomic developments in many advanced economies. This paper studies fiscal policy during boom-bust phases in asset prices more...

Author/Editor: Albert Jaeger.

Release Date:June, 2003

The recent boom-bust cycle in the euro area's equity valuations has left nonfinancial corporations saddled with a legacy of high debt or leverage. Models of corporate investment behavior based on more...

Author/Editor: Albert Jaeger.

Release Date:April, 2003

This paper discusses the case for a money pillar in the European Central Bank's (ECB) monetary policy strategy. Time-series evidence for industrial countries based on frequency-domain and more...

Release Date:December, 1996

This paper discusses a study analyzing aging populations and public pension schemes. An aging society is characterized by a growing proportion of the retired to the active working population. The more...