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No quick recovery in sight, with coronavirus risks looming large : economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2020
Astrov, Vasily; Bykova, Alexandra; Grieveson, Richard; … - Wiener Institut für Internationale Wirtschaftsvergleiche - 2020
Persistent link: https://www.econbiz.de/10012318373
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Does money matter in shaping domestic business cycles? : an international investigation
Canova, Fabio; Menz, Tobias - 2010
Persistent link: https://www.econbiz.de/10008796749
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Does money matter in shaping domestic business cycles? : an international investigation
Canova, Fabio; Menz, Tobias - 2010
Persistent link: https://www.econbiz.de/10009720797
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Does money matter in shaping domestic business cycles? : an international investigation
Canova, Fabio; Menz, Tobias - In: Journal of money, credit and banking : JMCB 43 (2011) 4, pp. 577-607
Persistent link: https://www.econbiz.de/10009238083
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The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis
Schnabl, Gunther - 2013
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 … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …
Persistent link: https://www.econbiz.de/10013081055
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The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis
Schnabl, Gunther - 2013
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 … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …
Persistent link: https://www.econbiz.de/10009743745
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Animal spirits and the international transmission of business cycles : presented at CESifo Area Conference on Macro, Money & International Finance, February 2016
De Grauwe, Paul; Ji, Yuemei - 2016
It is well-known that the high synchronization of the business cycles among industrial countries cannot easily be replicated in standard open economy macroeconomic models without assuming that the exogenous shocks hitting these countries are highly correlated. We develop a two-country behavioral...
Persistent link: https://www.econbiz.de/10011444133
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In search of the Euro area fiscal stance
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
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
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Recovery beating expectations : economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2021
Astrov, Vasily; Bykova, Alexandra; Grieveson, Richard; … - Wiener Institut für Internationale Wirtschaftsvergleiche - 2021
The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...
Persistent link: https://www.econbiz.de/10012663107
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Cross-border banking and business cycles in asymmetric currency unions
Dräger, Lena; Proaño Acosta, Christian - 2015
Against the background of the recent housing boom and bust in countries such as Spain and Ireland, we investigate in this paper the macroeconomic consequences of cross-border banking in monetary unions such as the euro area. For this purpose, we incorporate in an otherwise standard two-region...
Persistent link: https://www.econbiz.de/10011299044