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Browsing Department of Economics (ECO) by Author "LANE, Philip R."
Now showing items 1-2 of 2
Title:Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies
Author(s):ALLEN, Franklin; BECK, Thorsten; CARLETTI, Elena; LANE, Philip R.; SCHOENMAKER, Dirk; WAGNER, WolfDate:2011Type of Publication:BookAbstract:Understanding the role of banks in cross-border finance has become an urgent priority. Cross-border banks have played a central role in the dynamics of the global crisis of 2007-2009. First, European banks had a surprisingly ...
Title:The Importance of Composition of Fiscal Policy: Evidence From Different Exchange Rate Regimes
Author(s):LANE, Philip R.; PEROTTI, RobertoDate:2003Type of Publication:ArticleAbstract:We study the macroeconomic effects of fiscal policies in an open economy. We emphasize two transmission mechanisms: the cost channel, by which wage government spending and labor taxes raise the real wage firms must pay, ...
