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Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis

Belke, Ansgar; Goemans, Pascal - 2019

vorherrschenden Grad an Unsicherheit in einer Volkswirtschaft zusammenhängen. Anhand von US Nachkriegsdaten und einem SEIVAR finden …

Persistent link: https://www.econbiz.de/10012116248

The importance of global shocks for national policy makers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2009

We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we … area. According to our results, global liquidity shocks are a driving force of the global economy and various national …

Persistent link: https://www.econbiz.de/10003884937

Non-standard monetary policy measures : magic wand or tiger by the tail?

Belke, Ansgar - 2013

the economy in the Euro Area. It does so by delivering details on whether and how the effectiveness of the ECB’s policies …

Persistent link: https://www.econbiz.de/10010195538

The impact of uncertainty on macro variables : an SVAR-based empirical analysis for EU countries

Belke, Ansgar; Kronen, Dominik - 2017

shows a fairly consistently negative effect on the real economy in Europe. However, the implications of economic policy …

Persistent link: https://www.econbiz.de/10011662699

Unconventional monetary policy and inflation expectations in the euro area

Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020

Auswirkungen der unkonventionellen Geldpolitik ist nicht trivial, da standardisierte empirische Instrumente wie die VAR … Problem zu lösen. Wir stellen fest, dass die unkonventionelle Geldpolitik zwar kurzfristig zu einem Anstieg der … beigetragen hat. Dennoch deuten sie auf einen durch die unkonventionelle Geldpolitik ausgelösten Anstieg des mittelfristigen …

Persistent link: https://www.econbiz.de/10012149519

International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...

Persistent link: https://www.econbiz.de/10011640939

Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

Volkswirtschaft zu erhöhen und Arbeitsmarktungleichgewichte zu beseitigen. Von einigen Beobachtern wird diese Politik als "beggar …

Persistent link: https://www.econbiz.de/10010406816

Is fiscal policy coordination needed in a common currency area?

Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2008

It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow for risk diversification. -- Currency union ; fiscal policy...

Persistent link: https://www.econbiz.de/10003745058

State-of-play in implementing macroeconomic adjustment programmes in the euro area : short version

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014

Two of the four macroeconomic adjustment programmes, Portugal and Ireland’s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...

Persistent link: https://www.econbiz.de/10010349252

Measuring fiscal spillovers in EMU and beyond : a global VAR approach

Belke, Ansgar; Osowski, Thomas - 2016

This paper identifies and measures fiscal spillovers in the EU countries empirically using a global vector autoregression (GVAR) model. Our aim is to look at the sign and the absolute values of fiscal spillovers in a country-wise perspective and at the time profile (impulse response) of the...

Persistent link: https://www.econbiz.de/10011570987