Search Results - "Hallett, Andrew Hughes"

Fiscal sustainability using growth-maximizing debt targets by Checherita-Westphal, Cristina, Hughes Hallett, Andrew, Rother, Philipp

“…This article highlights the importance of debt-related fiscal rules and derives growth-maximizing public debt ratios from a simple theoretical model. On the…”
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Tax vs. Debt Management Under Entitlement Spending: a Multicountry Study by Cerniglia, Floriana, Dia, Enzo, Hughes Hallett, Andrew

“…In this paper we study the taxes vs. debt choice for public funding when spending is in large part predictable due to entitlement programs, but the necessary…”
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Fiscal autonomy vs. fiscal federalism in the euro zone by Hughes Hallett, Andrew

“…After setting out the fiscal federalism framework within which the argument is set, we offer a critique of the rules for a partial devolution (usually…”
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Central Bank transparency in theory and practice by Demertzis, Maria, Hughes Hallett, Andrew

“…We study the effects of Central Bank transparency on inflation and the output gap. Our intention is to illustrate, with the help of a small analytical model,…”
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The Fiscal Framework in a Currency Union: Lessons from a Comparison between the Euro Area and the Eastern Caribbean Currency Union by Hughes Hallett, Andrew, Jensen, Svend E. Hougaard

“…This paper draws out lessons from the euro area (EA) that are transferable to the Eastern Caribbean Currency Union (ECCU) and other Caribbean economies with…”
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HOW RELIABLE ARE CYCLICALLY ADJUSTED BUDGET BALANCES IN REAL TIME? by HUGHES HALLETT, ANDREW, KATTAI, RASMUS, LEWIS, JOHN

“…Cyclically adjusted budget balances (CABs) are often used to provide an indication of the structural state of public finances. This paper analyzes the…”
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Tinbergen controllability and n -player LQ-games by Di Bartolomeo, Giovanni, Hughes Hallett, Andrew, Acocella, Nicola

“…We study the relationship between equilibrium existence and uniqueness in LQ-games, and the classical theory of economic policy. By focusing on system…”
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Fiscal governance after the financial crisis: A review by Hughes Hallett, Andrew

“…Economists have traditionally used a simple rule that restricts primary deficits to less than a threshold given by the interest-growth rate differential and…”
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Throwing the baby out with the bathwater: Brexit and the economics of disengaging from a free trade association by Hughes Hallett, Andrew

“…For nearly six decades or more, international trade policy has been largely dictated by UN (now WTO) supervised rounds of mutual tariff reductions, starting…”
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Are independent central banks really as conservative as they like to pretend? by Hughes Hallett, Andrew

“…In a recent paper in this journal [Demertzis, M., Hughes Hallett, A., Viegi, N., 2004. An independent Central Bank faced with elected governments: European…”
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Fiscal leadership and central bank design by Hallett, Andrew Hughes, Weymark, Diana N.

“…This article investigates the impact, on economic performance, of the timing of moves in a policy game between the government and the central bank for a…”
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Debt, deficits, and the accession of the new member States to the Euro by Hughes Hallett, Andrew, Lewis, John

“…Price and output level convergence between new member states and the existing EU economies necessarily implies inflation and growth divergence for many years…”
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Rogoff revisited: The conservative central banker proposition under active fiscal policies by Hughes Hallett, Andrew, Libich, Jan, Stehlík, Petr

“…The paper re-examines Rogoff's [Rogoff, K., 1985. The Optimal Degree of Commitment to an Intermediate Monetary Target. Quarterly Journal of Economics 100,…”
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Cooperation vs. leadership in a core-periphery monetary union: Inter-country vs. inter-institutional policy coordination by Hughes Hallett, Andrew, Mavrodimitrakis, Christos

“…This paper utilises a static representation of a reduced-form Dynamic Stochastic General Equilibrium (DSGE) model to deal with strategic fiscal/monetary policy…”
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Fiscal multipliers in downturns and the effects of Euro Area consolidation by Gechert, Sebastian, Hallett, Andrew Hughes, Rannenberg, Ansgar

“…We estimate the impact of the fiscal consolidation actions in the Euro Area between 2011 and 2013 on output and public finances. We identify the discretionary…”
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Forward guidance reassessed: Stabilizability under endogenous policy rules by Hallett, Andrew Hughes, Acocella, Nicola

“…It is well known that, in a world of rational expectations, time inconsistency is at the heart of policy failures. Strategic policy announcements in the form…”
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Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls by Hallett, Andrew Hughes, Oliva, Juan Carlos Martinez

“…This paper addresses the issue of international payments in a stock-flow framework, by capturing the interaction between the current account balance and…”
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Asymmetric information and rational expectations: When is it right to be “wrong”? by Demertzis, Maria, Hughes Hallett, Andrew

“…In this paper we examine the effects of private agents being less than fully rational in their expectations. We examine this in the context of monetary policy,…”
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Sustainable fiscal policies and budgetary risk under alternative monetary policy arrangements by Hughes Hallett, Andrew

“…Early work on the theory of economic policy stressed the importance of the interactions between fiscal and monetary policy. Tinbergen, and Cooper, showed us…”
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Budgetary Consolidation in Europe: Quality, Economic Conditions, and Persistence by von Hagen, Jürgen, Hughes Hallett, Andrew, Strauch, Rolf

“…In this article we study the importance of the quality of fiscal adjustments and macroeconomic conditions for the persistence of budgetary consolidations. In…”
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