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Wirtschaftspolitik und ökonomische Ergebnisse gewinnen. Finanzialisierung transformiert die Funktionsweise des ökonomischen Systems … Verhalten von Nicht-Finanzunternehmen und Veränderungen der Wirtschaftspolitik.Hiermit umzugehen, erfordert ein umfassendes …
Persistent link: https://www.econbiz.de/10003744541
Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal "Lucas critique" levelled against them, these models are still widely...
Persistent link: https://www.econbiz.de/10002202977
Persistent link: https://www.econbiz.de/10013107229
In this paper we investigate the possible effects of fiscal tightening in Hungary from two perspectives. First, simulations in an estimated neo-Keynesian model are used to characterise the effects of different scenarios for fiscal consolidations. We show that the composition of fiscal shocks is...
Persistent link: https://www.econbiz.de/10003347824
deflation in the largest economy of the Euro area, Germany, it is therefore required that the ECB raises its inflation target … Euroraum in den Mittelpunkt stellt. Die Arbeit konzentriert sich dann insbesondere auf die Determinanten der Geldpolitik, weil … Deflation im größten Mitgliedsland, Deutschland, zu reduzieren, ist daher erforderlich, dass die EZB ihr Inflationsziel anhebt …
Persistent link: https://www.econbiz.de/10003744533
I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United … spillovers from US tax legislation to have the smallest effects on Eurozone countries' real GDP and UK tax changes to exert the … cuts, whereas UK tax cuts generally have beneficial effects. When I focus the analysis on the statedependent case, I do not …
Persistent link: https://www.econbiz.de/10012649097
The recent financial and economic crisis has triggered bold and diverse policy responses to prevent further, sharper and prolonged adverse effects to the financial and the real sector. The measures for alleviating the cycle were a feature both of the advanced and the emerging and developing...
Persistent link: https://www.econbiz.de/10011622637
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
Purpose - This paper aims to estimate a New Keynesian small open economy dynamic stochastic general equilibrium (DSGE) model for Egypt using Bayesian techniques and data for the period FY2004/2005:Q1-FY2015/2016:Q4 to assess monetary and fiscal policy interactions and their impact on economic...
Persistent link: https://www.econbiz.de/10012159965
The Covid-19 pandemic hitting the world in 2020 also caused a high death toll in Germany and in the European Monetary …-scale fiscal stimuli, and public guarantees, in Germany and the EMU smoothed the disastrous economic and social effects of the … pandemic. Overall, the stabilisation policy during the Covid-19 pandemic in Germany was successful and prevented escalating …
Persistent link: https://www.econbiz.de/10013269485