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International spillovers and feedback : modelling in a disequilibrium framework
Winker, Peter - 2000
German unifikation hit the West German economy in a prosperous and appeared as a huge demand shock at least for the … those resulting from the demand shock of German unification, to effect not only German trade flows, but also real variables … modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …
Persistent link: https://www.econbiz.de/10013428333
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Financial frictions and global spillovers
Metiu, Norbert; Hilberg, Björn; Grill, Michael - 2015
We investigate whether frictions in US financial markets amplify the international propagation of US financial shocks. The dynamics of the US economy is modeled jointly with global macroeconomic and financial variables using a threshold vector autoregression that allows us to capture...
Persistent link: https://www.econbiz.de/10010493885
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The transmission of sectoral shocks across the innovation network
Fons-Rosen, Christian; Pu, Zhaoxin - 2020
the competition shock to the European textile sector, triggered by the 2001 removal of import quotas on Chinese textiles …
Persistent link: https://www.econbiz.de/10012150167
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The international spillover effects of trade policy uncertainty on the stockpiling and destocking of US imports
Wisarut Suwanprasert - 2023
Persistent link: https://www.econbiz.de/10014320253
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The global financial cycle and macroeconomic tail risks
Beutel, Johannes; Emter, Lorenz; Metiu, Norbert; … - 2022
We study the link between the global financial cycle and macroeconomic tail risks using quantile vector autoregressions. Contractionary shocks to financial conditions and monetary policy in the United States cause elevated downside risks to growth around the world. By tightening financial...
Persistent link: https://www.econbiz.de/10013459721
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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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Anticipated and unanticipated fiscal shocks in an estimated DSGE model for the Brazilian economy
Cavalcanti, Marco Antônio Freitas de Hollanda; Vereda, … - 2023
We estimate a DSGE model for Brazil that includes both anticipated and unanticipated fiscal shocks. The model contains a relatively detailed public sector, which allows us to investigate the effects of anticipation for a much wider array of fiscal instruments than previously considered in the...
Persistent link: https://www.econbiz.de/10014428792
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On the international dimension of fiscal policy
Benigno, Gianluca (contributor);  … - 2009
idiosyncratic shocks. Even when prices are flexible and inflation can costlessly act as a shock absorber to restore fiscal …
Persistent link: https://www.econbiz.de/10003867915
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A transfer mechanism for a monetary union
Engler, Philipp; Voigts, Simon - 2013
We show in a dynamic stochastic general equilibrium framework that the introduction of a common currency by a group of countries with only partially integrated goods markets, incomplete financial markets and no labor migration across member states, significantly increases volatility of...
Persistent link: https://www.econbiz.de/10009723588
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Stock prices, exchange rates and monetary policy
Dor, Eric; Durré, Alain - 2000
Persistent link: https://www.econbiz.de/10001446336