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The Credit Channel of Fiscal Policy Transmission
Bird, Andrew; Karolyi, Stephen A.; Lewellen, Stefan; … - 2022
We propose and test a new channel through which fiscal policy changes affect the supply of intermediated credit and the …
Persistent link: https://www.econbiz.de/10013492104
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Credit and the transmission of fiscal policy shocks : recent evidence from Greece
Tagkalakis, Athanasios O. - In: Economics letters 122 (2014) 2, pp. 263-267
Persistent link: https://www.econbiz.de/10010395134
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Expectations, monetary policy, and labor markets : lessons from the Great Depression
Reicher, Christopher Phillip - 2009
This paper estimates a series of shocks to hit the US economy during the Great Depression, using a New Keynesian model with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the cyclical behavior of employment, while an increase in...
Persistent link: https://www.econbiz.de/10003872040
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2017
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011634724
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2018
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011916540
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The Effects of Macroeconomic Policy Shocks on the UK Labour Market
Tagkalakis, Athanasios - 2005
policy shock are in line with economic theory and previous empirical evidence. The adjustment of labour input is primarily … shock. Over the more recent period this result is overturned with bigger and faster response in average hours two quarters … after the shock. We interpret this result as being suggestive of labour market reforms during the 1980s having reduced the …
Persistent link: https://www.econbiz.de/10014065323
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EMU and the new stabilization state : demand disturbance and asymmetric responses
Pagoulatos, George; Pelagidēs, Thodōrēs - In: Current politics and economics of Europe 13 (2004) 1, pp. 1-22
Persistent link: https://www.econbiz.de/10002449917
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EMU and the New 'Stabilization State' : Demand Disturbances and Asymmetric Responses
Pelagidis, Theodore - 2012
Despite its important advantages of efficiency gains, price transparency, monetary stability, easing currency markets pressure on the payments balance, and so on, EMU is anything but a risk-free enterprise. Economic conflict may arise from unfortunate developments regarding the Euro, which may...
Persistent link: https://www.econbiz.de/10013114003
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Fiscal Policy and Labour Market Institutions
Matveenko, Vladimir D.; Saveliev, Petr A. - 2000
Developing a labour market model of Saint-Paul, this paper studies the influence of fiscal policy on the labour market and the issue of political support of fiscal policies, and explains the existence of labour hoarding in Russian firms. Two models are developed: the model of political support...
Persistent link: https://www.econbiz.de/10014166581
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A sustainable Euro area with exit options
Ritzen, Jozef M. M.; Haas, Jasmina - 2016
Banking union with an independent watchdog, with a single resolution mechanism for Bank defaults and for a European credit …
Persistent link: https://www.econbiz.de/10011582732