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Macroeconomic Stabilisation Properties of a Euro Area Unemployment Insurance Scheme
Kaufmann, Christoph - 2020
In this paper we use a medium-scale DSGE model to quantitatively assess the macroeconomic stabilisation properties of a …-back mechanisms implies a much weaker degree of stabilisation across countries …
Persistent link: https://www.econbiz.de/10012830081
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Transmission of Government Spending Shocks in the Euro Area : Time Variation and Driving Forces
Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2021
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10013316199
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Towards Expenditure Rules and Fiscal Sanity in the Euro Area
Hauptmeier, Sebastian - 2010
followed neutral policies based on expenditure rules since the start of EMU. It also calculates the implications for debt …
Persistent link: https://www.econbiz.de/10013136395