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The scars of supply shocks
Fornaro, Luca; Wolf, Martin - 2020
Persistent link: https://www.econbiz.de/10012318805
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The impact of product and labour market reform on growth : evidence for OECD countries based on local projections
Haan, Jakob de; Wiese, Rasmus - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012238489
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Is a global recession imminent?
Guénette, Justin Damien; Kose, M. Ayhan; Sugawara, Naotaka - 2022
Persistent link: https://www.econbiz.de/10013382332
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The Irish economy during the century after Partition
Ó Gráda, Cormac; O'Rourke, Kevin Hjortshøj - 2021
Persistent link: https://www.econbiz.de/10012498899
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Labor market institutions, fiscal multipliers, and macroeconomic volatility
Boeck, Maximilian; Crespo Cuaresma, Jesús; Glocker, … - 2022
We study empirically how various labor market institutions - (i) union density, (ii) unemployment benefit remuneration, and (iii) employment protection - shape fiscal multipliers and output volatility. Our theoretical model highlights that more stringent labor market institutions attenuate both...
Persistent link: https://www.econbiz.de/10013201691
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Managing households' expectations with salient economic policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019
The empirical effectiveness of economic policies that operate theoretically through similar channels differs substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a policy whose implications are harder to understand by...
Persistent link: https://www.econbiz.de/10012057290
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Monetary-fiscal policy interactions when price stability occasionally takes a back seat
Schmidt, Sebastian - 2023
Persistent link: https://www.econbiz.de/10014235033
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Taking Stock, July 2020 : What Will Be the New Normal for Vietnam? The Economic Impact of COVID-19
World Bank Group - 2020
, while others have simply disappeared. This report argues that Vietnam should not envision a return to the old normal, but … communicate. The new normal for Vietnam will depend on many factors, but it will be to a large extent shaped by the way the … fiscal policy. Yet, by being ahead of the curve, Vietnam has a unique opportunity to increase its footprint in the world …
Persistent link: https://www.econbiz.de/10012647403
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The ECB's policy, the recovery fund and the importance of trust : the case of Greece
Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2021
This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the … ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …
Persistent link: https://www.econbiz.de/10012650611
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What do we know about the macroeconomic effects of fiscal policy? : a brief survey of the literature on fiscal multipliers
Castelnuovo, Efrem; Lim, Guay C. - 2018
/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as …
Persistent link: https://www.econbiz.de/10011933907