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paper simulates the impact of a short term shock originating from the global financial system on small open economies in the … dynamic stochastic general equilibrium models for Indonesia, Malaysia, the Philippines, and Thailand. The analysis highlights … similarities and differences of the impact of a pure international financial shock on aggregate domestic price inflation and on …
Persistent link: https://www.econbiz.de/10013124358
paper simulates the impact of a shortterm shock originating from the global financial system on small open economies in the … dynamic stochastic general equilibrium models for Indonesia, Malaysia, the Philippines, and Thailand. The analysis highlights … similarities and differences of the impact of a pure international financial shock on aggregate domestic price inflation and on …
Persistent link: https://www.econbiz.de/10009126991
income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 per cent of the shock are …
Persistent link: https://www.econbiz.de/10003989856
This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...
Persistent link: https://www.econbiz.de/10009687338
. -- Poverty ; economic growth ; global economic crisis ; Philippines …Anecdotal evidence permeates accounts on the impact of the global economic crisis (GEC) on Philippine poverty. This … crisis on the economy and poverty across population groups was nonetheless severe - and may linger for many years to come …
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