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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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Essays on monetary and fiscal policy transmission
Cwik, Tobias - 2010
Persistent link: https://www.econbiz.de/10008749831
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Understanding international long-term interest rate comovement
Chin, Michael; De Graeve, Ferre; Filippeli, Thomai; … - 2018
comovement is the central bank of the small open economy accommodating foreign inflation trends, rather than systematically … curbing them. (3) Small open economies may find themselves much more affected by changes in US inflation trends than the US …
Persistent link: https://www.econbiz.de/10011887034
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Inflation and unemployment in a monetary union
Carlberg, Michael - 2008
Persistent link: https://www.econbiz.de/10003686285
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Inflation and Unemployment in a Monetary Union
Carlberg, Michael (contributor) - 2008
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the … associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …
Persistent link: https://www.econbiz.de/10013520991
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Household savings, capital investments and public policies : what drives the German current account?
Ruppert, Kilian; Stähler, Nikolai - 2020
In this article, we present a model that can account for the changes in the Germancurrent account balance since the 2000s. Our results suggest that an array of struc-tural tax and labor market reforms (Agenda 2010), population aging and pensionreforms led to an increase in the household savings...
Persistent link: https://www.econbiz.de/10012256500
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Temporary VAT reduction during the lockdown : evidence from Germany
Clemens, Marius; Röger, Werner - 2021
This paper evaluates the temporary VAT reduction invoked by the German government over the third and fourth quarter of 2020 as part of the COVID-19 stimulus package. There is considerable controversy. Critics argue that VAT reductions are ineffective in the presence of lockdown measures in place...
Persistent link: https://www.econbiz.de/10013341661
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What drives the German current account? : household savings, capital investments and public policies
Ruppert, Kilian; Stähler, Nikolai - In: Economic modelling 108 (2022), pp. 1-22
Persistent link: https://www.econbiz.de/10013347935
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The effects of fiscal policy in an estimated DSGE model : the case of the German stimulus packages during the great recession
Drygalla, Andrej; Holtemöller, Oliver; Kiesel, Konstantin - 2018
In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising households and a detailed fiscal sector. In particular, the...
Persistent link: https://www.econbiz.de/10011804350
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Changing patterns of fiscal policy multipliers in Germany, the UK and the US
Cimadomo, Jacopo; Bénassy-Quéré, Agnès - In: Journal of macroeconomics 34 (2012) 3, pp. 845-873
Persistent link: https://www.econbiz.de/10009690432