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McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …
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indicators are sending signals of a looming German recession. Geopolitical tensions caused by trade disputes between the United … States and China, plus the risk of a disorderly Brexit, began disrupting the global supply chain in manufacturing. German …
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The recent Financial Crisis reminded us once again about the vulnerability of the global economy. Economists were forced to think about the effectiveness of their policies. During this period, many governments across the world had adopted fiscal measures to boost their local economies. The path...
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Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising … Recession, suggesting a timely response of fiscal policy. The overall effects, however, are small when compared to other …
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