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planner cannot differentiate between agent types). We find that decentralized economy produces an endogenous lockdown in which … economic activity decreases. We find that the decentralized economy will begin its lockdown sooner than what the optimal policy …
Persistent link: https://www.econbiz.de/10012254257
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infections, the stringency of the lockdown, and the fiscal and monetary policy response determined the dynamics of portfolio … lockdown and fiscal measures supported portfolio flows, driven by an increased supply of funds. Bonds, not equities, were the …
Persistent link: https://www.econbiz.de/10012825617
cases, the stringency of the lockdown, and the fiscal and monetary policy response determined the dynamics of portfolio … financing needs in affected economies. Lockdown and fiscal policy measures also led to an increase in portfolio flows; however …
Persistent link: https://www.econbiz.de/10012518278
cases, the stringency of the lockdown, and the fiscal and monetary policy response determined the dynamics of portfolio … financing needs in affected economies. Lockdown and fiscal policy measures also led to an increase in portfolio flows; however …
Persistent link: https://www.econbiz.de/10013234704
There is a feeling that the wisdom of monetarism has vanished during the last decade. Exceptional interventions of the Federal Reserve (FED) and the European Central Bank (ECB) have barely avoided deflation and have achieved delayed and modest growth. The absence of a solid monetarist...
Persistent link: https://www.econbiz.de/10012830694
on economic life to contain the COVID-19 (Coronavirus) pandemic. In the first half of 2020, the world has seen explosive …In Spring 2020, Western Balkan countries - like most others in the world—have been forced to impose tight restrictions … the first week of March. As of April 27, 2020, the Johns Hopkins corona virus data center now reports that over 11 …
Persistent link: https://www.econbiz.de/10012384742
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of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed …
Persistent link: https://www.econbiz.de/10012271571