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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

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

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

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

Optimal fiscal policy and sovereign debt crises

Niemann, Stefan; Pichler, Paul - 2017

Persistent link: https://www.econbiz.de/10011763302

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

Policy rules and large crises in emerging markets

Espino, Emilio; Kozlowski, Julian; Martin, Fernando M.; … - 2022

Persistent link: https://www.econbiz.de/10013367808

Demand-supply imbalance during the COVID-19 pandemic : the role of fiscal policy

Soyres, François de; Santacreu, Ana Maria; Young, Henry - 2022

Persistent link: https://www.econbiz.de/10013367825

The economic impact of COVID-19 around the world

Martin, Fernando M.; Sanchez, Juan M.; Wilkinson, Olivia - 2022

Persistent link: https://www.econbiz.de/10013447942

Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2024

What are the macroeconomic consequences of a government that is limited in its willingness or ability to raise primary surpluses, and a central bank that accommodates its interest-rate policy to the fiscal conditions? I address this question in a dynamic stochastic sticky-price model with...

Persistent link: https://www.econbiz.de/10014484339