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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
been vital to the Greek economy. …
Persistent link: https://www.econbiz.de/10012195896
Calculations based on the intertemporal government budget constraint can be only indicative regarding an economy …
Persistent link: https://www.econbiz.de/10014326014
Persistent link: https://www.econbiz.de/10001658110
This short paper reconsiders the popular result that the lower the probability of getting reelected, the stronger the incumbent politicians incentive to follow short-sighted, inefficient policies. The set-up is a general equilibrium model of endogenous growth and optimal fiscal policy, in which...
Persistent link: https://www.econbiz.de/10011409401
economy and fiscal policy remains active, there is no room left for further quasi-fiscal actions by the ECB; there will be …
Persistent link: https://www.econbiz.de/10014331713
to react to the state of the economy, is rejected. …
Persistent link: https://www.econbiz.de/10009781505
Persistent link: https://www.econbiz.de/10003882535
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Persistent link: https://www.econbiz.de/10003512779