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The countercyclical capital buffer: A cross-country overview of policy frameworks
Arbatli-Saxegaard, Elif C.; Muneer, Mohammad Adnan - 2020
The countercyclical capital buffer (CCyB) is a relatively new macroprudential tool, but the number of countries that have set a positive buffer level increased significantly over recent years. Furthermore, during the Covid-19 crisis, many countries released their countercyclical capital buffers,...
Persistent link: https://www.econbiz.de/10012661598
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Labor markets and modern economic cycles: The growing role of the sixth Schumpeter-Kontratiev wave
Runiewicz-Wardyn, Ma±gorzata; Rutkowski, Jakub; … - 2024
Persistent link: https://www.econbiz.de/10014581236
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Shifting into digital services: Does a crisis matter and for who?
van der Marel, Erik - 2020
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...
Persistent link: https://www.econbiz.de/10014327353
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Macroeconomic Effects of China’s Fiscal Stimulus
Cova, Pietro; Pisani, Massimiliano; Rebucci, Alessandro - 2010
general equilibrium multi-country model of the world economy, showing that the effects on China's economic activity are … of the world, and, only to a lesser extent, from the United States and the euro area. However, the overall GDP impact of … the Chinese stimulus on the rest of the world is limited. These results warn that a fiscal policydriven increase in China …
Persistent link: https://www.econbiz.de/10010328105
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Where next for monetary policy? Lessons from the financial crisis and the pandemic
Minford, Patrick - 2023
Monetary developments of recent decades began with much promise with inflation targeting by independent central banks; the financial crisis of 2007 ushered in a period of great monetary instability. There are lessons for a return to more stability. Central banks need to stabilize money supply...
Persistent link: https://www.econbiz.de/10014480560
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Fiscal Policy and Crowding Out in Developing Asia
Hur, Seok-Kyun; Mallick, Sushanta; Park, Donghyun - 2010
Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery from the global financial crisis. This may lead to political pressures for greater use of countercyclical fiscal policy in the postcrisis period. However, the countercyclical...
Persistent link: https://www.econbiz.de/10011432688
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The Great Recession vs. the Great Depression. Stylised Facts on Siblings that Were Given Different Foster Parents
Aiginger, Karl - 2009
This paper compares the depth of the recent crisis and the Great Depression. We use a new data set, namely seven activity indicators, to compare the drop in activity in industrialised countries. This is done under the assumption that the recent crisis levelled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10011435273
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Stress relief? Funding structures and resilience to the Covid shock
Forbes, Kristin; Friedrich, Christian; Reinhardt, Dennis - 2023
This paper explores whether different funding structures-including the source, instrument, currency, and counterparty location of funding-affected the extent of financial stress experienced in various countries and sectors during the Covid-19 spread in early 2020. We measure financial stress...
Persistent link: https://www.econbiz.de/10014544666
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The 2008 financial crisis and taxation policy
Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - 2010
The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst....
Persistent link: https://www.econbiz.de/10010266095
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Systemic Risk Diagnostics
Schwaab, Bernd; Lucas, Andre; Koopman, Siem Jan - 2010
, and the rest of the world. Controlling for global,region-specific, and industry effects, we construct coincident measures …
Persistent link: https://www.econbiz.de/10010325790