Similar Search Results

Involuntary unemployment and the business cycle

Christiano, Lawrence J.; Trabandt, Mathias; Walentin, Karl - 2010

We propose a monetary model in which the unemployed satisfy the offcial US deffinition of unemployment: they are people ….e., unemployment is 'involuntary'). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …

Persistent link: https://www.econbiz.de/10003973491

The euro area Bank Lending Survey matters : empirical evidence for credit and output growth

Bondt, Gabe J. de; Maddaloni, Angela; Peydró, José-Luis - 2010

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant leading indicator for euro area bank credit and real GDP...

Persistent link: https://www.econbiz.de/10003971193

Determinants of credit-less recoveries

Bijsterbosch, Martin; Dahlhaus, Tatjana - 2011

This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses panel probit models to analyse key determinants...

Persistent link: https://www.econbiz.de/10009159985

Fiscal activism in the euro area and in other advanced economies : new evidence

Attinasi, Maria Grazia; Palazzo, Alessandra Anna; … - 2019

We review the determinants of the discretionary fiscal policy action of governments in the euro area and in other advanced economies during the past 20 years. This is done by estimating fiscal reaction functions using dynamic panel techniques and country-by-country estimates. The results suggest...