Showing 1 - 10 of 12
We build a tractable two-agent New Keynesian (TANK) model to jointly study four types of policy: conventional monetary policy, quantitative easing (QE), government expenditures, and lump-sum transfers. We find QE, transfers, and government spending can have the same effects on the aggregate...
Persistent link: https://www.econbiz.de/10013366516
Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...
Persistent link: https://www.econbiz.de/10013410841
Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...
Persistent link: https://www.econbiz.de/10013366491
Nauro Campos (University College London) will present his research co-authored with Fabrizio Coricelli (University of Siena, Paris School of Economics and CEPR) and Marco Frigerio (University of Siena) entitled The Political U: New Evidence on Democracy and Income. Jarko Fidrmuc (Zeppelin...
Persistent link: https://www.econbiz.de/10013366490
This paper investigates whether foreign direct investment (FDI) inflows are higher in countries ruled by trustworthy-looking or competent-looking leaders. After collecting pictures of 276 nondemocratic leaders in office between 1975 and 2010, we use a computer-based survey to assess how these...
Persistent link: https://www.econbiz.de/10013255708
Governments around the world have gone on a massive fiscal expansion in response to the Covid crisis, increasing government debt to levels not seen in 75 years. How will this debt be repaid? What role do conventional and unconventional monetary policy play? We investigate debt sustainability in...
Persistent link: https://www.econbiz.de/10012657753
It is being investigated the relationship between oil windfalls and income inequality using the subnational data of one of the resource-richest and most unequal countries in the world – Russia. While previous literature has produced contradictory findings due to the use of an aggregate measure...
Persistent link: https://www.econbiz.de/10012657752
Western sanctions exposed Russia’s key vulnerabilities - dependence on Western capital and advanced technology, with knock-on effects in other sectors. In response, Russia launched a policy of import substitution and attempted to diversify to non-Western countries to mitigate the impact of...
Persistent link: https://www.econbiz.de/10012587996
The two-day workshop will serve as a forum to present current research results in political economy and will give researchers the opportunity to network. Both theoretical and empirical studies are welcome.
Persistent link: https://www.econbiz.de/10009786739
The conference is thus meant to stimulate further research and to create an opportunity for discussions of topics such as the following: - objectives of portability and optimal design of portability rules, - conceptual issues arising in different sub-fields, old-age provision and health care in...
Persistent link: https://www.econbiz.de/10009420137
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