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Euro Area economies to a one percent shock in government consumption and business confidence. The evidence suggests that … even though the response to a government consumption shock is strong, a shock in expectations has an even greater effect …
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the inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized … recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the …
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stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …
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a while. However, inflation-despite increasing significantly in recent months due to transitory factors-is projected to … moderate during 2022 and remain below the ECB's inflation target over the medium term. Uncertainty surrounding the outlook …
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This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...
Persistent link: https://www.econbiz.de/10011529025