Showing 1 - 10 of 21
The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...
Persistent link: https://www.econbiz.de/10008907705
This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees of institutional quality. The identification strategy makes use of data on military expenditure to instrument government consumption using local lineal projections as presented...
Persistent link: https://www.econbiz.de/10012238283
Persistent link: https://www.econbiz.de/10003739563
Persistent link: https://www.econbiz.de/10003406224
Persistent link: https://www.econbiz.de/10009378647
Persistent link: https://www.econbiz.de/10009312823
The euro area's political contract requires member nations to rely principally on their own resources when confronted with severe economic distress. Since monetary policy is the same for all, national fiscal austerity is the default response to counter national fiscal stress. Moreover, the...
Persistent link: https://www.econbiz.de/10010499468
Persistent link: https://www.econbiz.de/10003747922
Persistent link: https://www.econbiz.de/10002025752
Persistent link: https://www.econbiz.de/10013168298