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On the output effect of fiscal consolidation plans : a causal analysis

Carbonari, Lorenzo; Farcomeni, Alessio; Maurici, Filippo; … - 2023

Persistent link: https://www.econbiz.de/10014443705

Global challenges from the rapid rise of China

Dahlman, Carl J. - 2010

Persistent link: https://www.econbiz.de/10008855919

Monetary developments and expansionary fiscal consolidations : evidence from the EMU

Afonso, António; Martins, Luís - 2014

Persistent link: https://www.econbiz.de/10011554870

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

Monetary-Fiscal Interactions and the Euro Area's Malaise

Jarocinski, Marek - 2017

When monetary and fiscal policy are conducted as in the euro area, output, inflation, and government bond default premia are indeterminate according to a standard general equilibrium model with sticky prices extended to include defaultable public debt. With sunspots, the model mimics the recent...

Persistent link: https://www.econbiz.de/10012954400

Global Growth on Life Support? The Contributions of Fiscal and Monetary Policy Since the Global Financial Crisis

Baumann, Ursel - 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/10012890779