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Great recession, slow recovery and muted fiscal policies in the US
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
cannot detect a signi.cant contribution of fiscal policies in stabilizing the US economy. For instance, the 2007-2009 large …
Persistent link: https://www.econbiz.de/10011434680
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The Impact of Constrained Monetary Policy on the Fiscal Multipliers on Output and Inflation
Bletzinger, Tilman - 2017
This paper uses two established DSGE models (QUEST III and Smets-Wouters) to assess the impact of fiscal spending cuts on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We compare four different settings of constrained monetary...
Persistent link: https://www.econbiz.de/10012963016
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The Political Economy Under Monetary Union : Has the Euro Made a Difference?
Fratzscher, Marcel; Stracca, Livio - 2021
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …
Persistent link: https://www.econbiz.de/10013316460
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In search of the Euro area fiscal stance
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...
Persistent link: https://www.econbiz.de/10011529025
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The role of money in monetary policy at the lower bound
Billi, Roberto M.; Söderström, Ulf; Walsh, Carl E. - In: Journal of money, credit and banking : JMCB 55 (2023) 4, pp. 681-716
Persistent link: https://www.econbiz.de/10014306106
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Labor market policies in a deep recession : lessons from Hoover's policies during the U.S. Great Depression
Roulleau-Pasdeloup, Jordan; Zhutova, Anastasia - In: Journal of money, credit and banking : JMCB 54 (2022) 1, pp. 247-283
Persistent link: https://www.econbiz.de/10012819589
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Fiscal Policy Shocks in the Euro Area and the US : An Empirical Assessment
Burriel, Pablo - 2009
We analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. To allow for comparability with previous results on euro area countries and the US, we use a standard structural VAR framework, and...
Persistent link: https://www.econbiz.de/10013153261
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What is the importance of monetary and fiscal shocks in explaining US macroeconomic fluctuations?
Rossi, Barbara; Zubairy, Sarah - In: Journal of money, credit and banking : JMCB 43 (2011) 6, pp. 1247-1270
Persistent link: https://www.econbiz.de/10009349326
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Structural distortions and decentralized fiscal policies in EMU
Beetsma, Roel; Bovenberg, Ary Lans - In: Journal of money, credit and banking : JMCB 37 (2005) 6, pp. 1001-1018
Persistent link: https://www.econbiz.de/10003262761
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What accounts for the changes in US fiscal policy transmission
Bilbiie, Florin Ovidiu; Meier, André; Müller, Gernot J. - In: Journal of money, credit and banking : JMCB 40 (2008) 7, pp. 1439-1469
Persistent link: https://www.econbiz.de/10003761417