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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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Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdón, 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/10012149021
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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-Galdón, Carlos; Smets, Frank - 2019
Persistent link: https://www.econbiz.de/10012132243
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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-Galdón, Carlos; Smets, Frank - In: Journal of money, credit and banking : JMCB 55 (2023) 4, pp. 825-858
Persistent link: https://www.econbiz.de/10014306115
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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 - 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/10012844862
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How can a country ‘graduate’ from procyclical fiscal policy? : evidence from China
Fuest, Clemens; Xing, Jing - 2015
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...
Persistent link: https://www.econbiz.de/10011338112
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How can a country 'graduate' from procyclical fiscal policy? : evidence from China
Fuest, Clemens; Xing, Jing - 2015
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...
Persistent link: https://www.econbiz.de/10011342322
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How can a country 'graduate' from procyclical fiscal policy? : evidence from China
Fuest, Clemens; Xing, Jing - 2015
Persistent link: https://www.econbiz.de/10011387792
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Germany's economic restart after Covid-19 : the role of fiscal policy and taxation
Fuest, Clemens - In: CESifo forum : a quarterly journal on European issues 22 (2021) 6, pp. 3-7
Many European economies are gradually recovering from the corona pandemic, although it is not yet over. National governments are using the breather to assess the effectiveness of their less-conventional and short-term crisis-prevention measures. This is important because they must prepare to...
Persistent link: https://www.econbiz.de/10012670738
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Die Betroffenheit der deutschen Wirtschaft durch den US-Inflation Reduction Act : Studie im Auftrag des Bundesministeriums der Finanzen
Baur, Andreas; Fuest, Clemens; Gstrein, David; Heil, Philipp - Deutschland / Bundesministerium der Finanzen - 2023
The impact of the IRA on the U.S. domestic economy is controversial. Empirical studies on the impact of the IRA on …
Persistent link: https://www.econbiz.de/10014302035