scholarly journals Identifying Fiscal Shocks and Policy Regimes in OECD Countries

2003 ◽  
Author(s):  
Giuseppe De Arcangelis ◽  
Serena Lamartina
Keyword(s):  
Oecd Countries ◽  
Policy Regimes ◽  
Fiscal Shocks

scholarly journals Does fiscal policy affect interest rates? Evidence from a factor-augmented panel

2016 ◽  
Vol 16 (2) ◽  
Author(s):  
Salvatore Dell’Erba ◽  
Sergio Sola
Keyword(s):  
Fiscal Policy ◽  
Interest Rates ◽  
Real Time ◽  
Oecd Countries ◽  
Frame Work ◽  
Monetary And Fiscal Policy ◽  
Unobservable Factors ◽  
Fiscal Shocks

AbstractThis paper reconsiders the effects of fiscal policy on long-term interest rates employing a factor augmented panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset of macroeconomic and fiscal variables for a panel of OECD countries for the period 1989–2013. We find that two global factors – the global monetary and fiscal policy stances – explain more than 60 percent of the variance in the long-term interest rates. Under our frame work, we find that the importance of domestic variables in explaining long-term interest rates is weakened. Moreover, the propagation of global fiscal shocks is larger in economies characterized by macroeconomic and institutional weaknesses.

Gender Policy Developments and Policy Regimes in 22 OECD Countries, 1979–2008

2011 ◽  
Vol 41 (4) ◽  
pp. 595-623 ◽  
Author(s):  
Mona C. Backhans ◽  
Bo Burström ◽  
Staffan Marklund
Keyword(s):  
Oecd Countries ◽  
Policy Regimes ◽  
Gender Policy

scholarly journals The Age-Orientation of Social Policy Regimes in OECD Countries

2001 ◽  
Vol 30 (3) ◽  
pp. 411-436 ◽  
Author(s):  
JULIA LYNCH
Keyword(s):  
Social Policy ◽  
Social Insurance ◽  
The United States ◽  
Oecd Countries ◽  
Welfare States ◽  
Policy Outcomes ◽  
Social Policies ◽  
Demographic Structure ◽  
Policy Regimes ◽  
Education And Health

This article presents a series of measures of the extent to which social policies in twenty-one OECD countries are oriented towards the support of elderly (over 65 or in formal retirement) and non-elderly (under 65 and not retired) population groups. Employing breakdowns by age in spending on social insurance, education and health, tax expenditures on welfare substituting goods, and housing policy outcomes, this article shows that countries tend to demonstrate a consistent age-orientation across a variety of policy areas and instruments. After correcting for the demographic structure of the population, Greece, Japan, Italy, Spain and the United States have the most elderly-oriented social policy regimes, while the Netherlands, Ireland, Canada and the Nordic countries have a more age-neutral repertoire of social policies. In identifying the age-orientation of social policy as a dimension of distributive politics that is not captured by other welfare state typologies, this article suggests the need to develop new accounts of the development of welfare states that include the dimension of age.

Monetary policy regimes in Russia: Guidelines for furtherquantitative studies

2017 ◽  
pp. 38-60 ◽  
Author(s):  
A. Pestova
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Quantitative Research ◽  
Policy Regimes ◽  
Policy Effects ◽  
Exchange Rate Targeting ◽  
Basic Parameters

This paper analyzes the basic parameters of monetary policy in 2000-2015 in Russia. We provide the overview of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes: from money base targeting to exchange rate targeting and finally, to interest rates policy. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.

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