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-region transfer multipliers are not large, suggesting only modest gains in regional stabilization from US federal automatic …
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of this pattern. The pandemic has had huge impact on the conduct of stabilization policies in the EU. Public debt has …
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The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for around ten years now. They can be seen as a...
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The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath … States, has often been a reference. This paper enhances our knowledge about the degree of macroeconomic stabilization … particular, we investigate the relative importance and stabilization impact of the federal system of unemployment benefits and of …
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on the financial markets in the short term. With the exception of the announcement of Germany’s Economic Stabilization …
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This paper studies the design of the policy mix in a monetary union, that is, the institutional arrangement specifying the relationships between the various policymakers present in the union and the extent of their capacity of action. It is assumed that policymakers do not cooperate. Detailing...
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