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International crises and policy responses in the Southern cone
Borensztein, Eduardo; Castilleja, Liliana; Hernaiz, Daniel - 2012
This document analyzes the patterns of fiscal and monetary policy in five economies of the Latin American Southern Cone (Argentina, Brazil, Chile, Paraguay and Uruguay) during four episodes of international crises: 1994, 1997-1999, 2001 and 2008. In contrast with earlier episodes when most...
Persistent link: https://www.econbiz.de/10011303276
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A framework for assessing policy space in ASEAN+3 economies and the combat against COVID-19 pandemic
Chaipat Poonpatpibul; Hong, Seung Hyun; Choi, Jinho; … - 2020
Persistent link: https://www.econbiz.de/10012819595
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The impact of austerity policies on local income : evidence from Italian municipalities
Cerrato, Andrea; Filippucci, Francesco - 2022
Persistent link: https://www.econbiz.de/10013207012
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Household saving and fiscal policy : evidence for the euro area from a thick modelling perspective
Checherita-Westphal, Cristina; Stecher, Marcel - 2021
We study the relationship between fiscal policy and household saving across the euro area countries for the period 1999-2019. To this extent, we propose a thick modelling approach, which allows a vast number of model specifications in a dynamic panel setting. We find that fiscal expansions are...
Persistent link: https://www.econbiz.de/10012745340
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Seigniorage and sovereign default : the response of emerging markets to COVID-19
Espino, Emilio; Kozlowski, Julian; Martin, Fernando M.; … - 2020
Persistent link: https://www.econbiz.de/10012306883
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Global growth on life support? : the contributions of fiscal and monetary policy since the global financial crisis
Baumann, Ursel; Lodge, David; Miescu, Mirela S. - 2019
with a hierarchical structure we capture the variability of GDP response to policy shocks both between and within the … more homogeneous effects on GDP. We then quantify the policy contribution on GDP growth in the last decade by means of a … structural counterfactual analysis based on conditional forecasts. We find that global GDP growth benefited from substantial …
Persistent link: https://www.econbiz.de/10011987115
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Optimal fiscal policy and sovereign debt crises
Niemann, Stefan; Pichler, Paul - 2017
Persistent link: https://www.econbiz.de/10011763302
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Managing the sovereign-bank nexus
Dell'Ariccia, Giovanni; Ferreira, Caio; Jenkinson, Nigel; … - 2018
This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of banks and sovereigns is intertwined. We find that banks and sovereigns are linked by three interacting channels: banks hold large amounts of sovereign debt; banks are protected...
Persistent link: https://www.econbiz.de/10011901498
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Policy rules and large crises in emerging markets
Espino, Emilio; Kozlowski, Julian; Martin, Fernando M.; … - 2022
Persistent link: https://www.econbiz.de/10013367808
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Do interest-growth differentials affect fiscal policy? : evidence for advanced economies
Heimberger, Philipp - 2023
fiscal stance when public-debt-to-GDP ratios are higher - but only in the euro area, not in advanced stand-alone countries …
Persistent link: https://www.econbiz.de/10014382638