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We provide a centennial overview of the Irish economy in the one hundred years following partition and independence. A …
Persistent link: https://www.econbiz.de/10012587471
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
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
the euro area economy and examine, using the ECB's New Area-Wide Model, the consequences of the lower bound both for the …
Persistent link: https://www.econbiz.de/10012844862
government bonds and this offsets the impact of shutdowns and lockdowns in the real economy. We show that these actions reduced … that if the Federal Reserve had not intervened to such a degree, the economy may have experienced a significantly deeper …
Persistent link: https://www.econbiz.de/10013210564
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 …
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