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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
Persistent link: https://www.econbiz.de/10011332924
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
Persistent link: https://www.econbiz.de/10011317778
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
We show that a .scal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model speci.cation, an expansion of core government spending equal to one percent of...
Persistent link: https://www.econbiz.de/10011294265
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The negative mean output gap
Aiyar, Shekhar; Voigts, Simon - 2019
We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns than they increase employment during expansions. This is demonstrated in a simple...
Persistent link: https://www.econbiz.de/10012103632
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Monetary and fiscal policies in the Euro-area : macro modelling, learning and empirics
Semmler, Willi; Greiner, Alfred; Zhang, Wenlang - 2005 - 1. ed.
Persistent link: https://www.econbiz.de/10002573027
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Stabilitätskultur in Europa : theoretische Grundlagen, empirische Befunde, Bedeutung für die EWU
Bofinger, Peter; Hefeker, Carsten; Pfleger, Kai - 1997
Persistent link: https://www.econbiz.de/10000974934
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From a recession to the COVID-19 pandemic : inflation-unemployment comparison between the UK and India
Victor, Vijay; Karakunnel, Joshy Joseph; Loganathan, Swetha - In: Economies : open access journal 9 (2021) 2, pp. 1-19
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 …
Persistent link: https://www.econbiz.de/10012547953
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The ECB is running out of policy space : can fiscal policy help?
Capolongo, Angela; Gros, Daniel - In: Economics and Business Letters : EBL 9 (2020) 3, pp. 216-220
Persistent link: https://www.econbiz.de/10012420677
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Monetary/fiscal policy regimes in post-war Europe
Bouabdallah, Othman; Jacquinot, Pascal; Patella, Valeria - 2023
inflation facts. Using a Dynamic Stochastic General Equilibrium model with Markov-switching policy rules, we identify three …
Persistent link: https://www.econbiz.de/10014482924
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The impact of the cost-of-living crisis on European households
Chafwehé, Boris; Ricci, Mattia; Stoehlker, Daniel - 2024
consumption, income and wealth. We account for the various channels through which inflation affects individual households, and for … the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … differences in individual consumption patterns. On average, the effect of inflation is regressive, with lower income households …
Persistent link: https://www.econbiz.de/10014473006