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A Century of Global Economic Crises : Monetary Policy in Search of An Anchor

Vinhas de Souza, Lúcio - 2024

1. Introduction -- 2. Forgotten worlds: the stagflation of the 1970s -- 3. From Volcker to China: The “Great Moderation” begins -- 4. Houses made of sand: The “Global Financial Crisis” -- 5. Trojan horses: the long shadow of the euroarea sovereign crisis -- 6. COVID 19: the fiscal and...

Persistent link: https://www.econbiz.de/10014577574

The cyclical behaviour of fiscal policy during the Covid-19 crisis

Heimberger, Philipp - 2022

This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...

Persistent link: https://www.econbiz.de/10013373264

A review and research agenda of fiscal policy post 2008 financial crisis

Ahuja, Deepti; Pandit, Deepak - In: International journal of Indian culture and business … 24 (2021) 2, pp. 225-246

Persistent link: https://www.econbiz.de/10012695858

Permanent versus transitory income shocks over the business cycle

Kovacs, Agnes; Rondinelli, Concetta; Trucchi, Serena - 2019

This paper investigates how different income shocks shape consumption dynamics over the business cycle. First, we break … in aggregate consumption over the two most recent crises. We find that the income shocks experienced during the 2008 …, with the 2011-2012 shocks being perceived as more permanent. This helps explain why consumption falls less during the …

Persistent link: https://www.econbiz.de/10012116573