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Natural disasters could constitute a major shock to public finances and debt sustainability because of their impact on …
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Natural disasters could constitute a major shock to public finances and debt sustainability because of their impact on …
Persistent link: https://www.econbiz.de/10012976164
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The influence of recent global shocks such as the COVID-19 pandemic and the Russian-Ukrainian war on the variability of major macroeconomic trends not only shows synchronized behavior across economies but also induces similar policy responses to counter these shocks. The purpose of this article...
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We study the role of international financial integration in buffering natural disaster shocks, using a large sample of … and economic conditions. We document that integration improves shock absorption: output, consumption, and investment are … significantly higher after a shock in states of high integration than in states of low integration. However, the benefits of …
Persistent link: https://www.econbiz.de/10014468927
Die Ergebnisse zeigen, dass Regierungen die Steuern nach nationalen Krisen erhöht haben. Der Effekt ist besonders groß bei Finanzkrisen und Naturkatastrophen, tritt vor allem im ersten Jahr nach der Krise auf und betrifft die Unternehmen-, Einkommen- und Umsatzsteuer. Die Erhöhung von...
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