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Who did it?: a European detective story : was it real, financial, monetary and/or institutional : tracking growth in the euro area with an atheoretical tool
Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2019
Persistent link: https://www.econbiz.de/10012155380
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The Irish economy during the century after partition
Ó Gráda, Cormac; O'Rourke, Kevin Hjortshøj - 2021
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
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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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Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdon, Carlos; Smets, Frank - 2020
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/10012137689
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Macroeconomic effects of carbon transition policies : an assessment based on the ECB's New Area-Wide Model with a disaggregated energy sector
Coenen, Günter; Lozej, Matija; Priftis, Romanos - 2023
that increasing euro area carbon taxes to an interim target level consistent with the transition to a net-zero economy …
Persistent link: https://www.econbiz.de/10014315252
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Monetary-fiscal policy interactions when price stability occasionally takes a back seat
Schmidt, Sebastian - 2024
What are the macroeconomic consequences of a government that is limited in its willingness or ability to raise primary surpluses, and a central bank that accommodates its interest-rate policy to the fiscal conditions? I address this question in a dynamic stochastic sticky-price model with...
Persistent link: https://www.econbiz.de/10014484339
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Tracking growth in the euro area subject to a dimensionality problem
Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2021
We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...
Persistent link: https://www.econbiz.de/10012625874
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Global growth on life support? : the contributions of fiscal and monetary policy since the global financial crisis
Baumann, Ursel; Lodge, David; Miescu, Mirela S. - 2019
This paper compares the role of monetary and fiscal policy shocks in advanced and emerging economies. Using a model with a hierarchical structure we capture the variability of GDP response to policy shocks both between and within the groups of advanced and emerging countries. Our results provide...
Persistent link: https://www.econbiz.de/10011987115
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The political economy under monetary union: has the euro made a difference?
Fratzscher, Marcel; Stracca, Livio - 2008
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/10003794175