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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

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

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

International Monetary Fund - 1989

This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original...

Persistent link: https://www.econbiz.de/10014396111

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

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

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

Can a fiscal stimulus boost economic growth rates? : introduction

Gemmell, Norman - In: The economic journal : the journal of the Royal … 121 (2011) 550, pp. 1-3

Persistent link: https://www.econbiz.de/10009129888

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

The global economic recovery 10 years after the 2008 financial crisis

Chen, Wenjie; Mrkaic, Mico; Nabar, Malhar - 2019

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...

Persistent link: https://www.econbiz.de/10012019853