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Collective Memories on the 2010 European Debt Crisis

Arnemann, Laura; Konrad, Kai A.; Potrafke, Niklas - 2021

We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis differ between citizens from borrower and lender countries. We use new international survey data for non-experts and experts in member countries of the euro area. The results show...

Persistent link: https://www.econbiz.de/10013250727

Fiscal Sustainability in the EU after the Global Crisis : Is There Any Progress?

Wysocki, Maciej - 2018

interesting case of a member state that without significant market pressure (the only EU country without recession during the … crisis) actively promoted several changes in the EU fiscal framework (e.g. 6-pack) and effectively internalized some of these … 2014 Q1. The case of Poland seems to suggest that the post-crisis EU fiscal measures can be effectively used to increase …

Persistent link: https://www.econbiz.de/10012908672

New Output Gap Estimates for Assessing Fiscal Policy with Lessons for Euro Area Reform

Oksanen, Heikki - 2019

across the members and (2) implementation without changes to the EU Treaty. Focussing on long-term sustainability meets them …

Persistent link: https://www.econbiz.de/10012892285

The Effects of Monetary Policy Surprises and Fiscal Sustainability Regimes in the Euro Area

Afonso, António; Alves, José; Ionta, Serena - 2023

We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn’s (1998) approach through Schlicht’s (2003)...

Persistent link: https://www.econbiz.de/10014346445

Fiscal policy and inflation in the euro area

Ascari, Guido; Bonam, Dennis; Mori, Lorenzo; Smadu, Andra - 2024

Persistent link: https://www.econbiz.de/10015163033

The fall in UK potential output due to the financial crisis : a much bigger estimate

Crafts, Nicholas - 2019

Persistent link: https://www.econbiz.de/10012040012

The Euro Area Periphery Sovereigns' Fiscal Positions and Unconventional Monetary Policy

Hülsewig, Oliver - 2020

We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...

Persistent link: https://www.econbiz.de/10012843420

Sustainability and Solvency of Government Finances Under the Euro : Illustrations and Policy Options

Oksanen, Heikki - 2020

In this paper, sound public finances under the euro means sustainability in the long term instead of short- and medium-term fiscal discipline. The challenges to sustainability are identified for the four largest euro area member states, and several policy options for sustainability are...

Persistent link: https://www.econbiz.de/10012829317

Reforming the Euro Pragmatically : Towards Sustainable Fiscal Policy and a Revamped Eurosystem

Oksanen, Heikki - 2019

energy. The EU should take a leading role globally in meeting these long-term challenges …

Persistent link: https://www.econbiz.de/10012860367

Corona policy according to hank

Hagedorn, Marcus; Mitman, Kurt - 2020

Persistent link: https://www.econbiz.de/10012216060