Browsing RSCAS Articles by Author "MÜLLER, Gernot J."

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Browsing RSCAS Articles by Author "MÜLLER, Gernot J."

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    Title: Cross-Border Spillovers from Fiscal Stimulus  Author(s): CORSETTI, Giancarlo; MEIER, André; MÜLLER, Gernot J. Date: 2010 Type of Publication: Article Abstract: The global recession of 2008–09 has revived interest in the international repercussions of domestic policy choices. This paper focuses on the case of fiscal stimulus, investigating cross-border spillovers from an increase ...
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    Title: Twin Deficits, Openness, and the Business Cycle  Author(s): CORSETTI, Giancarlo; MÜLLER, Gernot J. Date: 2008 Type of Publication: Article Abstract: In this article, we study the co-movement of the government budget balance and the trade balance at business-cycle frequencies. In a sample of 10 OECD countries we find that the correlation of the two time series is negative, ...
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    Title: Twin Deficit: Squaring Theory, Evidence and Common Sense  Author(s): CORSETTI, Giancarlo; MÜLLER, Gernot J. Date: 2006 Type of Publication: Article Abstract: Simple accounting suggests that shocks to the government budget move the current account in the same direction, and this `twin deficits' intuition leads many observers to call for fiscal consolidation in the US as a necessary ...