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This work examines the impacts which the Covid-19 pandemic brought to the stability of the European financial sector. Lockdowns, businesses unable to operate and uncertainty about how the pandemic would evolve fueled a sharp recession. From the lessons learned in the global financial crises and...
Persistent link: https://www.econbiz.de/10013188926
The COVID-19 pandemic has caused a major global health crisis, the onset of which, and containment policies for, have also led to a global economic crisis. The effects of the pandemic on the economies of various countries depended on their position in the international economic hierarchy, and...
Persistent link: https://www.econbiz.de/10013283745
The main problem facing policymakers during the corona virus pandemic is how to mitigate its humanitarian and economic costs. Doing so invariably involves trading off some costs against others as well as short-term against longer-term consequences. We provide an overview of economic literature...
Persistent link: https://www.econbiz.de/10012198310
This paper studies the effects of LTV limits, PTI limits and the mortgage interest deduction on mortgage debt … exploiting a series of policy changes in the Netherlands. As intended, regulatory loan limits reduce mortgage leverage ratios and … they also induce bunching at the loan limits. Loan limits and restrictions of the mortgage interest deduction trigger large …
Persistent link: https://www.econbiz.de/10013021321
government support measures. The growth in credit from banks and mortgage banks to firms has been modest during the pandemic, and …
Persistent link: https://www.econbiz.de/10012694669
In this paper, we develop a heterogeneous agent general equilibrium framework to analyze optimal joint policies of a lockdown and transfer payments in times of a pandemic. In our model, the effectiveness of a lockdown in mitigating the pandemic depends on endogenous compliance. A more stringent...
Persistent link: https://www.econbiz.de/10014095054
Persistent link: https://www.econbiz.de/10013162665
In this contribution, we assess the main measures, already taken or currently contemplated by the EU, in reaction to the COVID-19 crisis to mitigate its impact on Eurozone economies. The discussion begins with the recent monetary policy decisions taken by the ECB (1). The focus then shifts to...
Persistent link: https://www.econbiz.de/10012838423
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