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Following the Great Lockdown in 2020, it is important to take stock of lessons learned. How effective have different containment measures been in slowing the spread of Covid-19? Have containment measures been costly in terms of economic growth, fiscal balances, and accumulated debt? This paper...
Persistent link: https://www.econbiz.de/10013305677
studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply …. In the case studies, we find a similar result for Lithuania and Montenegro, but the other three case studies point to the …
Persistent link: https://www.econbiz.de/10013027589
This paper reviews public expenditure in Lithuania to identify areas where deeper structural reforms may be warranted … to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania …
Persistent link: https://www.econbiz.de/10012998810
Lithuania's current credit cycle highlights the strong link between housing prices and credit. We explore this … countries during1995-2017. We find a high degree of synchronization between Lithuania's credit and housing price cycles. Panel … in housing prices, credit, and output within and outside Lithuania strongly impact Lithuania's credit …
Persistent link: https://www.econbiz.de/10012912503
characteristics, removing these constraints can improve average productivity and investment of firms in Lithuania by 0.51 percent and …
Persistent link: https://www.econbiz.de/10014258647
We explore the stability properties of interest rate rules granting an explicit response to stock prices in a New-Keynesian DSGE model populated by Blanchard-Yaari non-Ricardian households. The constant turnover between long-time stock holders and asset-poor newcomers generates a financial...
Persistent link: https://www.econbiz.de/10013027619
energy/environmental tax systems in Germany, Sweden, Turkey, and Vietnam suggests that there is substantial scope for policy …
Persistent link: https://www.econbiz.de/10013065151
Monetary policy space remains constrained by the lower bound in many countries, limitingthe policy options available to address future deflationary shocks. The existence of cashprevents central banks from cutting interest rates much below zero. In this paper, we considerthe practical feasibility...
Persistent link: https://www.econbiz.de/10012910358
Negative policy interest rates have prevailed for some years in Denmark and are a more recent development in Sweden …
Persistent link: https://www.econbiz.de/10012977767
Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of …
Persistent link: https://www.econbiz.de/10013019024