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COVID Crisis : Fiscal, Monetary and Macro-financial Policy Responses
Sarker, Provash - 2020
The ongoing COVID-19 pandemic in the world is deepening a profound impact and economic uncertainty. In essence, lockdown and social distancing measures are triggering losses in global production, supply, trades, investments, and employment. This article, to counteract the economic losses and...
Persistent link: https://www.econbiz.de/10012834040
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Demand-Supply Imbalance During the COVID-19 Pandemic : The Role of Fiscal Policy
de Soyres, Francois; Santacreu, Ana Maria; Young, Henry L. - 2022
To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. We show that generous fiscal support is associated with an increase in the demand for consumption goods during the pandemic, but industrial production did not...
Persistent link: https://www.econbiz.de/10014077339
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Demand-Supply Imbalance During the COVID-19 Pandemic : The Role of Fiscal Policy
de Soyres, Francois; Santacreu, Ana Maria; Young, Henry L. - 2023
To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. We show that generous fiscal support is associated with an increase in the demand for consumption goods during the pandemic, but industrial production did not...
Persistent link: https://www.econbiz.de/10014264081
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Fiscal Austerity as the Achilles’ Heel to Socio-Economic Prosperity
Stournaras, Christos F. - 2012
Fiscal consolidation is used as a synonym for austerity much as debt restructuring is used as a euphemism for partial repudiation. Inside the political arena of international economics, the nomenclature of government officials in policy debates adopts colorful terminology, such as healthy public...
Persistent link: https://www.econbiz.de/10013103649
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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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Gauging the Effects of the German COVID-19 Fiscal Stimulus Package
Hinterlang, Natascha; Moyen, Stephane; Röhe, Oke; … - 2022
We simulate the fiscal stimulus packages set up by the German government to alleviate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sector general equilibrium model. We find that, cumulated over 2020-2022, output losses relative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10013310308
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Regulating in Pandemic : Evaluating Economic and Financial Policy Responses to the Coronavirus Crisis
Hafiz, Hiba - 2020
The United States is currently trying to manage a fast-moving public health crisis due to the coronavirus outbreak … provisions of H.R. 6201 (the “Families First Coronavirus Responses Act”) passed by the house on March 14, 2020, subject to … on March 18, 2020. Next, it analyzes the provisions of H.R. 748 (the “Coronavirus Aid, Relief, and Economic Security Act …
Persistent link: https://www.econbiz.de/10012839295
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European stabilization policy after the Covid-19 pandemic : more flexible integration or more federalism?
Andersson, Fredrik N. G.; Jonung, Lars - 2022
Crises are a major driving force behind cooperation in the European Union. This holds also for monetary and fiscal policy. During severe crises, cooperation has been enlarged and intensified. The recent covid-19 pandemic is a clear example of this pattern. The pandemic has had huge impact on the...
Persistent link: https://www.econbiz.de/10013270330
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Fiscal policy during a pandemic
Faria e Castro, Miguel - 2020
I study the effects of the 2019-20 coronavirus outbreak in the United States and subsequent fiscal policy response in a …
Persistent link: https://www.econbiz.de/10012216789
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Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments
Clemens, Jeffrey; Hoxie, Philip G.; Veuger, Stan - National Bureau of Economic Research - 2022
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387