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Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...

Persistent link: https://www.econbiz.de/10012251398

The Real Effects of Financial Sector Interventions During Crises

Valencia, Fabian - 2011

We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...

Persistent link: https://www.econbiz.de/10014402209

Fortschrittsbericht wirtschaftswissenschaftlicher Forschungsinstitute über die wirtschaftliche Entwicklung in Ostdeutschland ; [2.2003]

Dohse, Dirk; Laaser, Claus-Friedrich; Sichelschmidt, Henning - 2003

Persistent link: https://www.econbiz.de/10001818063

Emerging and developing economies : ten years after the Global Recession

Kose, M. Ayhan; Ohnsorge, Franziska - 2020

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Persistent link: https://www.econbiz.de/10012229095

A decade after the 2009 Global Recession : macroeconomic and financial sector policies

Koh, Wee Chian; Yu, Shu - 2020

Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...

Persistent link: https://www.econbiz.de/10012257017

Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

: Aufteilung der weltweiten Konjunkturprogramme (Prozent) USA; 35 China; 20 Japan; 15 Rest; 15 Europa; 15 Quelle: Scheuerle … (2009). Europa und Japan haben immerhin noch einen Anteil von 15 Prozent an den weltweiten Kon- junkturprogrammen. Es ist … einzuschlagen. Inspiriert durch den von US-Präsident Frank China: 20 Vereinigte Staaten: 35 Japan: 15 Europa: 15 Rest: 15 4 …

Persistent link: https://www.econbiz.de/10003839016

The real effects of financial sector interventions during crises

Laeven, Luc; Valencia, Fabian - 2011

Persistent link: https://www.econbiz.de/10009487128

Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...

Persistent link: https://www.econbiz.de/10003828844

Higher economic growth through macroeconomic policy coordination? : the combination of wage policy and monetary policy

Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003

Strengthening potential output is high on the agenda for economic policy in the European Union. While there is widespread agreement that structural policies have a positive impact on long-term growth, there is a controversial discussion whether coordination of macroeconomic policies can...

Persistent link: https://www.econbiz.de/10011451765

Higher economic growth through macroeconomic policy coordination? : The combination of wage policy and monetary policy

Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003

Persistent link: https://www.econbiz.de/10001737854