In response to the coronavirus (Covid-19) pandemic, there has been a complementary approach to monetary and fiscal …

additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock …We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing … become tighter. We use quantile regression and the skewed t-distribution and evaluate the forecasting properties of models …

-2012) in the Polish economy. The empirical findings show that: (1) output appears more responsive to an interest rate shock at … the beginning of our sample. Since 2000, absorbing this shock has become less costly in terms of output, notwithstanding … some reversal since the beginning of the global financial crisis. The exchange rate shock also has a time-varying effect on …

the model to better deal with the COVID-19 shock. A standard Gaussian VAR can still be used for producing conditional …

We consider simple methods to improve the growth nowcasts and forecasts obtained by mixed frequency MIDAS and UMIDAS …, enhancing the estimation method by taking a similarity approach, and adjusting the forecasts to put them back on track by a … adjusted growth nowcasts for 2020Q1 get closer to the actual value, and the adjusted forecasts based on alternative indicators …

economic growth to a fiscal shock are mostly positive in both financial stress regimes; (iii) financial stress has a negative … effect on output growth and worsens the fiscal position; (iv) the nonlinearity in the response of output growth to a fiscal … shock is mainly associated with different behaviour across regimes; (v) the size of the fiscal multipliers is higher than …