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Using an event study methodology, this paper examines how European firms have been affected by the announcement of the European Central Bank's Pandemic Emergency Purchase Program (PEPP). Firms with an investment grade rating benefit relatively more, as evidenced by higher share prices and lower...
Persistent link: https://www.econbiz.de/10012297203
findings show rising income levels and decreasing inequality, with the latter being mostly caused by pro-poor growth rather … into a market-oriented economy. This paper offers a comprehensive study of inequality and mobility patterns for Russia …, leading to less long-term inequality than short-term inequality. The analysis also finds that switching from a part-time job …
Persistent link: https://www.econbiz.de/10012002184
US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
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- in Uruguay. This fiscal incidence analysis applies a widely recognized methodology to household survey data and … inequality, with government expenditures in the form of in-kind transfers leading to the largest decreases. While expenditures in … income tax is found to be largely progressive, with the top quintile paying more than four-fifths of this tax. Uruguay …
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