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The effects of fiscal policy on households during the COVID-19 pandemic : evidence from emerging economies

Bui, Dzung; Dräger, Lena; Hayo, Bernd; Giang Hong Nghiem - 2021

In response to the economic crisis created by the COVID-19 pandemic, many governments provided financial assistance to households. Using representative consumer surveys conducted during the pandemic in 2020, we examine the effects of this fiscal policy instrument on households in two emerging...

Persistent link: https://www.econbiz.de/10012543614

COVID-19 and financial markets : a panel analysis for European countries

Klose, Jens; Tillmann, Peter - 2020

In order to fight the economic consequences of the COVID-19 pandemic, monetary and fiscal policy announced a large variety of support packages which are often unprecedented in size. In this paper, we provide an empirical analysis of the responses of European financial markets to these policy...

Persistent link: https://www.econbiz.de/10012224892

Spillovers from tax shocks to the euro area

Mierzwa, Sascha - 2021 - This version: 07 September 2021

I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United …

Persistent link: https://www.econbiz.de/10012649097

Does inter-local cooperation reduce the intensity of tax competition? : evidence on inter-local industrial parks in Germany

Bischoff, Ivo; Kosfeld, Reinhold - 2021 - This version: October 15, 2021

We ask whether inter-municipal cooperation serve as a platform by which municipalities coor-dinate tax policies and reduce the intensity of tax competition. In this paper, we focus on inter-municipal cooperation in form of inter-local industrial parks. We apply the generalized syn-thetic control...

Persistent link: https://www.econbiz.de/10012660350

On the empirical relevance of the exchange rate as a shock absorber at the zero lower bound

Finck, David; Hoffmann, Mathias; Hürtgen, Patrick - 2022

The open economy New Keynesian model with flexible exchange rates postulates that the real exchange rate appreciates in response to an asymmetric negative demand shock in a zero lower bound (ZLB) scenario and exacerbates the adverse macroeconomic effects. However, when monetary policy is able to...

Persistent link: https://www.econbiz.de/10013368638

State-dependent effects of tax changes in Germany and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 13 July 2021

We study state-dependent effects of narratively identified tax shocks in Germany and the UK over the period 1974Q1 … cuts initially have a larger effect during times of nonrecession in Germany, whereas we find no state-dependent effects for … cuts and hikes individually: tax hikes can be expansionary in Germany (UK) when implemented during non …

Persistent link: https://www.econbiz.de/10012591522

Measuring the effects of COVID-19-related night curfews : empirical evidence from Germany

Haas, Samuel de; Goetz, Georg; Heim, Sven - 2021

form are night time curfews. Night time curfews were imposed all over the world (e.g. USA, France, Germany or Argentina … estimate the impact of local night curfews in Hesse, the fifth most populous federal state in Germany, on the growth of …

Persistent link: https://www.econbiz.de/10012543618

Fiscal policy in the Bundestag : textual analysis and macroeconomic effects

Latifi, Albina; Naboka-Krell, Viktoriia; Tillmann, Peter; … - 2023

Fiscal policy is made in parliament. We go to the roots of changes of fiscal policy in Germany and use a novel data set …

Persistent link: https://www.econbiz.de/10013554877

The relationship between inflation expectations and consumption in exceptional times : evidence from Thailand and Vietnam during the Covid-19 Pandemic

Dzung Bui; Hayo, Bernd - 2024

Using representative household surveys conducted during the COVID-19 pandemic in two emerging economies, Thailand and Vietnam, we examine the relationship between inflation expectations and consumption. In both countries, our results show an insignificant relationship between expected inflation...

Persistent link: https://www.econbiz.de/10014530766

Inflation targeting and regional inflation persistence : evidence from Korea

Tillmann, Peter - 2011

The adoption of a credible monetary policy regime such as inflation targeting is known to reduce the persistence of inflation fluctuations. This conclusion, however, is derived from aggregate inflation or sectoral inflation rates, not from regional inflation data. This paper studies the regional...

Persistent link: https://www.econbiz.de/10009011995