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Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

Persistent link: https://www.econbiz.de/10008654956

Inter-temporal savings, current account trends and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - In: Intereconomics : review of European economic policy 46 (2011) 3, pp. 153-160

This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...

Persistent link: https://www.econbiz.de/10009760197

Fair and efficient taxation under partial control

Ooghe, Erwin; Peichl, Andreas - In: The economic journal : the journal of the Royal … 125 (2015) 589, pp. 2024-2051

Persistent link: https://www.econbiz.de/10011441323

Automatic stabilization and discretionary fiscal policy in the financial crisis

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: IZA journal of labor policy 1 (2012), pp. 1-19

of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent …

Persistent link: https://www.econbiz.de/10009687338

Der finanzmarktdominierte Funktionswandel in der globalen und europäischen Geldpolitik

Schnabl, Gunther - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 2, pp. 89-91

Persistent link: https://www.econbiz.de/10009678914

The effects of the recent economic crisis on social protection and labour market arrangements across socio-economic groups

Basso, Gaetano; Dolls, Mathias; Eichhorst, Werner; … - In: Intereconomics : review of European economic policy 47 (2012) 4, pp. 217-223

Persistent link: https://www.econbiz.de/10009612600

Macroeconomic policy making and current account imbalances in the euro area

Murai, Taiki; Schnabl, Gunther - In: Credit and capital markets : Kredit und Kapital 54 (2021) 3, pp. 347-373

Persistent link: https://www.econbiz.de/10012803290

COVID 19 and central banks dominate the agenda

Schnabl, Gunther - In: The Economists' voice 17 (2020) 1, pp. 1-4

Persistent link: https://www.econbiz.de/10012805784

Monetary policy, financial regulation and financial stability : a comparison between the Fed and the ECB in the wake of the global financial crisis

Schnabl, Gunther; Sonnenberg, Nils - In: Ordo : Jahrbuch für die Ordnung von Wirtschaft und … 71 (2020) 1, pp. 180-210

Persistent link: https://www.econbiz.de/10012621627

Reconciling insurance with market discipline : a blueprint for a European fiscal union

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 210-231

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10011576597