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Will Germany's temporary VAT tax rates cut as part of the Covid-19 fiscal stimulus package boost consumption and growth?

Funke, Michael; Terasa, Raphael - 2020

On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...

Persistent link: https://www.econbiz.de/10012388013

The Signaling Channel of Central Bank Interventions : Modelling the Yen/US Dollar Exchange Rate

Chen, Yu-Fu - 2013

This paper presents a theoretical framework analyzing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the signalling channel. The theoretical premise of the model is that interventions...

Persistent link: https://www.econbiz.de/10013092279

Does the Nominal Exchange Rate Regime Matter for Investment?

Böhm, Hjalmar; Funke, Michael - 2021

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...

Persistent link: https://www.econbiz.de/10013320768

Drifting together of falling apart? The empirics of regional economic growth in post-unification Germany

Funke, Michael; Colavecchio, Roberta; Curran, Declan - Institut für Makroökonomie und Wirtschaftspolitik, … - 2011

The objective of this paper is to address the question of convergence across German districts in the first decade after German unification by drawing out and emphasising some stylised facts of regional per capita income dynamics. We achieve this by employing non-parametric techniques which focus...

Persistent link: https://www.econbiz.de/10010559454

Long-run causality and structural change : an application of P-star analysis to the UK's entry into the ERM

Beeby, Michael; Hall, Stephen G.; Funke, Michael - 1995

Persistent link: https://www.econbiz.de/10000151428

Supply potential and output gaps in Western German manufacturing

Funke, Michael - 1995

Persistent link: https://www.econbiz.de/10000151431

Long-run causality and structural shifts : an application of p-star analysis to the UK' entry into the ERM

Beeby, Michael; Funke, Michael; Hall, Stephen G. - 1995

Persistent link: https://www.econbiz.de/10000151593

The cross-section of output and inflation in a dynamic stochastic general equilibrium model with sticky prices

Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2009

output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability … of output and inflation depend crucially on the proportion of firms that are allowed to change their prices. We test this …-cyclical correlation between the skewness of inflation and aggregates, but the relation with output is less sure. Our results can be …

Persistent link: https://www.econbiz.de/10003844356

Supply potential and output gaps in West German manufacturing

Funke, Michael - In: International journal of forecasting 13 (1997) 2, pp. 211-222

Persistent link: https://www.econbiz.de/10001230133

Long-run causality and structural shifts : an application of p-star analysis to the UK' entry into the ERM

Beeby, Michael; Funke, Michael; Hall, Stephen G. - 1995

Persistent link: https://www.econbiz.de/10000911165