Government guarantees and self-fulfilling speculative attacks

Article Abstract:

A study is conducted to develop a model in which government guarantees to banksE foreign creditors are a root cause of self-fulfilling twin banking-currency crisis. In order to simply the model it is assumed that the only inflation-related source of revenue for the government is printing money.

Commercial Banks, Banking industry, Government securities, Suretyship and guaranty, Guarantees

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Fiscal shocks and their consequences

Article Abstract:

The response of hours worked and real wages to fiscal policy shocks in the post-World-War II US is investigated. The habit formation and investment adjustment costs on incorporating into a model, can account reasonably well for quantitative effects of a fiscal shock.

Forecasts, trends, outlooks, Fiscal Policy, Forecasts and trends, Market trend/market analysis, Wages, Wages and salaries, Salary

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Government finance in the wake of currency crises

Article Abstract:

A general equilibrium model to assess the government finance patterns during monetary crisis in inflation and deflation scenarios is presented.

Public Administration & Finance, Public Finance-Total Govt, Public Admin & Finance-Total Govt, Interpretation and construction, Usage, Public finance, Monetary policy, Depressions, Economic depressions

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