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Germany’s macroeconomic drivers during the pandemic and inflation surge

Hohberger, Stefan - In: International Economics and Economic Policy 22 (2025) 1

This paper estimates a three-region macroeconomic model to analyse the key drivers of Germany's GDP, inflation, and … wage growth during the COVID-19 pandemic and inflation surge. Incorporating COVID-related demand and supply shocks, trade … domestic and global lockdown shocks, (ii) the 2021–2022 inflation surge resulted from rising commodity prices, recovering …

Persistent link: https://www.econbiz.de/10015408342

Germany’s macroeconomic drivers during the pandemic and inflation surge

Hohberger, Stefan - In: International Economics and Economic Policy 22 (2025) 1

This paper estimates a three-region macroeconomic model to analyse the key drivers of Germany’s GDP, inflation, and … wage growth during the COVID-19 pandemic and inflation surge. Incorporating COVID-related demand and supply shocks, trade … domestic and global lockdown shocks, (ii) the 2021–2022 inflation surge resulted from rising commodity prices, recovering …

Persistent link: https://www.econbiz.de/10015409586

Latin America's nonlinear monetary response to pandemic inflation

Guerra, Rafael; Kamin, Steven; Kearns, John; Upper, … - 2025

Persistent link: https://www.econbiz.de/10015375050

Modeling COVID-19 infection rates by regime-switching unobserved components models

Haimerl, Paul; Hartl, Tobias - In: Econometrics : open access journal 11 (2023) 2, pp. 1-15

The COVID-19 pandemic is characterized by a recurring sequence of peaks and troughs. This article proposes a regime-switching unobserved components (UC) approach to model the trend of COVID-19 infections as a function of this ebb and flow pattern. Estimated regime probabilities indicate the...

Persistent link: https://www.econbiz.de/10014362546

Bridging the COVID-19 data and the epidemiological model using time varying parameter SIRD model

Çakmaklı, Cem; Şimşek, Yasin - 2020

including US, Brazil and Russia are still not able to contain the pandemic with the US having the worst performance. Furthermore …

Persistent link: https://www.econbiz.de/10012242959

Raising interest rates for improving income

Peña, Guillermo - In: Journal of Central Banking Theory and Practice 12 (2023) 3, pp. 199-217

This paper illustrates a case where an increase of the in-terest rates improves the economic activity and reduces incomeinequality. This theoretical exercise deals with a simple model ofdisequilibrium with accountant identities of budget constraints. Inaddition, and following previous models,...

Persistent link: https://www.econbiz.de/10014558454

The natural rate of interest in emerging Asia: Long-term trends and the impact of crises

Tanaka, Kensuke; Ibrahim, Prasiwi; Brekelmans, Sybrand - 2021

This paper studies the evolution of the natural interest rate in five Southeast Asian countries and considers the effect of economic shocks on the natural interest rate in these countries. The natural interest rate is the interest rate that would prevail in an economy in equilibrium and in the...

Persistent link: https://www.econbiz.de/10012610158

The impact of the ECB's PEPP project on the COVID-19-Induced crisis in the corporate bond market

Cohen, Lior; Furman, Itai - In: Economics Letters 235 (2024)

We examine the financial crisis in the European corporate bond market following the COVID-19 pandemic and assess the effectiveness of the ECB's QE program, PEPP, in mitigating it. Using credit (Z-spread) and liquidity (scaled bid-ask spread) spreads, we find that the crisis elevated Z-spreads of...

Persistent link: https://www.econbiz.de/10015118005

The option value of municipal liquidity: evidence from federal lending cutoffs during COVID-19

Haughwout, Andrew; Hijmans, Benjamin L.; Shachar, Or - 2021

We estimate the option value of municipal liquidity by studying bond market activity and public sector hiring decisions when government budgets are severely distressed. Using a regression discontinuity (RD) design, we exploit lending eligibility population cutoffs introduced by the federal...

Persistent link: https://www.econbiz.de/10012660369

The natural rate of interest in emerging Asia : long-term trends and the impact of crises

Tanaka, Kensuke; Ibrahim, Prasiwi; Brekelmans, Sybrand - 2021

Persistent link: https://www.econbiz.de/10012545924