This paper considers the role of fiscal policy in New Zealand's macroeconomic stabilisation. New Zealand … macroeconomic stabilisation. In contrast, fiscal policy is generally oriented around medium-term structural goals and debt … sustainability. There is a need to reassess the role of fiscal policy in the wake of COVID-19 and structural trends. As has been the …

of this pattern. The pandemic has had huge impact on the conduct of stabilization policies in the EU. Public debt has … grown rapidly in many EU member states. The ECB has carried out a highly expansionary monetary policy. In this paper, we … discuss the implications for the EU of a move towards increased fiscal federalism following the pandemic. First, the role of …

of this pattern. The pandemic has had huge impact on the conduct of stabilization policies in the EU. Public debt has … grown rapidly in many EU member states. The ECB has carried out a highly expansionary monetary policy. In this paper, we … discuss the implications for the EU of a move towards increased fiscal federalism following the pandemic. First, the role of …

The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating … macroeconomic stability. This paper reviews the turbulent history of stabilization policy, highlighting the close interaction …

initial reform steps to begin implementing this framework in Germany, including an adjustment of the cyclical component of the … developing reform ideas that depart from a positive goal for fiscal policy rather than from the deficiencies of the current rules … public finances, nor limits external imbalances, nor effectively contributes to solving the challenges Germany faces today …

initial re-form steps to begin implementing this framework in Germany, including an adjustment of the cyclical component of … developing reform ideas that depart from a positive goal for fiscal policy rather than from the deficiencies of the current rules … public finances, nor limits external imbalances, nor effectively contributes to solving the challenges Germany faces today …

We explore the short-term macrodynamics of stabilization policy at the effective lower bound (ELB) of the nominal … inflation expectations driven by evolutionary dynamics. We show that at the ELB, fiscal policy conducted in accordance with a … through which it operates, and seemingly despite the logic of the Tinbergen (targets-instruments) principle, fiscal policy is …

, Germany would have been obliged to stimulate its economies, thereby supporting the ECB's fight against deflation. …The study discusses the distribution of roles between monetary and fiscal policy in stabilising the price level. It … of demand shocks, fiscal policy can react in a more timely and targeted manner than monetary policy. In the case of …

2002Q1 to 2021Q4, with 16 Euro Area (EA) countries. We found that a budget balance expansionary shock in Germany would …

We use a novel methodology for modeling the socio-economic impacts of economic crisis in Germany, and apply it to …