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The recession in India and the UK peaked in 2017 due to the implications of new policy initiatives. The outbreak of the COVID-19 pandemic at the beginning of 2020 intensified the crisis, causing a drastic decline in aggregate demand and output. India and the UK have resorted to monetary and...
Persistent link: https://www.econbiz.de/10012547953
As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences of the resulting lockdowns. In this paper, the...
Persistent link: https://www.econbiz.de/10012231998
Since the outbreak of the Corona virus, policymakers around the globe introduced numerous emergency measures such as the wearing of masks, restrictions to mobility and travel and the shutdown of large parts of the economy, including firms, workplaces and schools. The implementation of...
Persistent link: https://www.econbiz.de/10013334717
Konjunktur für den Klimaschutz? Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme Gernot Klepper, Sonja … Bruttoinlandspro- dukt (BIP) hat im Vergleich zum Vorjahr zum ersten Mal seit der Weltwirtschaftskrise in den 1930er Jahren … Krise sind weltweite Konjunktur- programme, die sich auf 4,7 Prozent des Welt- bruttoinlandsprodukts addieren und insgesamt …
Persistent link: https://www.econbiz.de/10003839016
Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...
Persistent link: https://www.econbiz.de/10003828844
Persistent link: https://www.econbiz.de/10009012142
Persistent link: https://www.econbiz.de/10014531971
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10013081055
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10009743745
Persistent link: https://www.econbiz.de/10011920182