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The effects of fiscal policy on households during the COVID-19 pandemic
Dzung Bui; Dräger, Lena; Hayo, Bernd; Giang Hong Nghiem - 2021
In response to the spillovers of the COVID-19 pandemic on the economy, many governments paid cash transfers to … households. We examine the effect of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand …, raising trust in the government's ability to deal with the pandemic's effect on the economy, lowering general concerns about …
Persistent link: https://www.econbiz.de/10013341750
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Temporary VAT reduction during the lockdown : evidence from Germany
Clemens, Marius; Röger, Werner - 2021
spillovers of lockdown measures to the rest of the economy and the differentiated impact of VAT measures on the two sectors. We …
Persistent link: https://www.econbiz.de/10013341661
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The multifaceted impact of US trade policy on financial markets
Boer, Lukas; Menkhoff, Lukas; Rieth, Malte - 2020
We study the multifaceted effects and persistence of trade policy shocks on financial markets in a structural vector autoregression. The model is identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously,...
Persistent link: https://www.econbiz.de/10012424229
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The effects of spatially targeted enterprise initiatives : evidence from UK LEGI
Einiö, Elias; Overman, Henry G. - 2012 - Prelimijnary
We investigate the impacts of a significant area-based policy intervention (LEGI) that aimed to increase employment and productivity in 30 disadvantaged areas across England. In order to identify the causal effects of the programme, we use panel data at a fine spatial scale covering years before...
Persistent link: https://www.econbiz.de/10011521655
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Counterfactual model for labour market evaluation policies
Colombo, Emilio; Mezzanzanica, Mario; Montaletti, Giampaolo - 2015
This paper presents the methodological approach used to analyse and assess an active labour market policy called Dote Unica del Lavoro (DUL) implemented by the Lombardy Region with reference to the period October 2013-June 2014 and addressed to 25 thousand beneficiaries. The aim of the project...
Persistent link: https://www.econbiz.de/10011475813
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Macroeconometric evaluation of active labour market policies in Austria
Dauth, Wolfgang; Hujer, Reinhard; Wolf, Katja - 2011
-participants and on the economy as a whole, e.g. deadweight, substitution and displacement effects. This paper contributes to the …
Persistent link: https://www.econbiz.de/10011555065
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Health effects of labor market policies : evidence from drug prescriptions
Caliendo, Marco; Mahlstedt, Robert; Berg, Gerard J. van den - 2019 - This draft: February 15, 2019
Comprehensive evidence has shown that unemployment can have adverse effects on an individuals' mental and physical health condition. However little is known about the side effects of governmental policies that aim to promote the unemployed's reintegration into the labor market on the health...
Persistent link: https://www.econbiz.de/10012287660
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Regional integration and the euro crisis : problems and solutions
Pessoa, Argentino - 2013
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
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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 - First draft: December 18, 2018, this draft: September 8, 2019
We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
Persistent link: https://www.econbiz.de/10012268062
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Endogenous forward guidance
Chafwehé, Boris; Oikonomou, Rigas; Priftis, Romanos; … - 2019
We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the...
Persistent link: https://www.econbiz.de/10012304687