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After the bazooka a bonanza from heaven : "helicopter money" now?
Belke, Ansgar - 2018
Helicopter money has once been proposed as a theoretical thought experiment by Milton Friedman in order to elucidate the effect of money injections into the macroeconomy over time. However, some Euro area member states nowadays consider helicopter money, i.e. permanent Quantitative Easing (QE),...
Persistent link: https://www.econbiz.de/10011894450
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Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis
Belke, Ansgar; Goemans, Pascal - 2019
vorherrschenden Grad an Unsicherheit in einer Volkswirtschaft zusammenhängen. Anhand von US Nachkriegsdaten und einem SEIVAR finden …
Persistent link: https://www.econbiz.de/10012116248
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Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis
Belke, Ansgar; Goemans, Pascal - 2019 - First draft: December 18, 2018, this draft: September 8, 2019
We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
Persistent link: https://www.econbiz.de/10012268062
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Uncertainty and nonlinear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis
Belke, Ansgar; Goemans, Pascal - In: Journal of economic studies 49 (2022) 4, pp. 623-646
Persistent link: https://www.econbiz.de/10013352758
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Asymmetrische Schocks in der EWU : zum Bedarf an finanzpolitischen Anpassungsmechanismen
Belke, Ansgar - In: Hamburger Jahrbuch für Wirtschafts- und … 44 (1999), pp. 201 - 234
Persistent link: https://www.econbiz.de/10001454981
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Unsicherheit und der Optionswert des Wartens : Anwendungen aus der Ökonomie
Belke, Ansgar - In: Wirtschaftspolitische Blätter 62 (2015) 4, pp. 639-653
Persistent link: https://www.econbiz.de/10011475928
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International effects of euro area versus US policy uncertainty : a FAVAR approach
Belke, Ansgar; Osowski, Thomas - 2017
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10011640939
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The impact of uncertainty on macro variables : an SVAR-based empirical analysis for EU countries
Belke, Ansgar; Kronen, Dominik - 2017
shows a fairly consistently negative effect on the real economy in Europe. However, the implications of economic policy …
Persistent link: https://www.econbiz.de/10011662699
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Unconventional monetary policy and inflation expectations in the euro area
Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020
Auswirkungen der unkonventionellen Geldpolitik ist nicht trivial, da standardisierte empirische Instrumente wie die VAR … Problem zu lösen. Wir stellen fest, dass die unkonventionelle Geldpolitik zwar kurzfristig zu einem Anstieg der … beigetragen hat. Dennoch deuten sie auf einen durch die unkonventionelle Geldpolitik ausgelösten Anstieg des mittelfristigen …
Persistent link: https://www.econbiz.de/10012149519
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International effects of euro area versus US policy uncertainty : a FAVAR approach
Belke, Ansgar; Osowski, Thomas - 2017
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10012110907