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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
-led mercantilist and the domestic demand-led regime and apply this to six countries, Germany, France, Spain, Sweden, the UK and the USA …
Persistent link: https://www.econbiz.de/10012291079
Persistent link: https://www.econbiz.de/10014520778
Locating the appropriate degree of interaction between fiscal and monetary policy plays an important role in ensuring economic stability. Their joint impact is, however, still unclear. We observe significant differences in the transmission of shocks, in particular between the Great Recession and...
Persistent link: https://www.econbiz.de/10013073633
- with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector …
Persistent link: https://www.econbiz.de/10009549800
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
We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary...
Persistent link: https://www.econbiz.de/10009129765
ineffective as it was almost a century ago. Europe's, and specifically Germany's, steadfast refusal to embrace the US recipe has …, especially in Germany, offered up the wrong lessons, and enduring angst about inflation was a major distraction. At the outset …
Persistent link: https://www.econbiz.de/10010318632
ineffective as it was almost a century ago. Europe's, and specifically Germany's, steadfast refusal to embrace the US recipe has …, especially in Germany, offered up the wrong lessons, and enduring angst about inflation was a major distraction. At the outset …
Persistent link: https://www.econbiz.de/10011141203
This study analyzes the emergence of secular stagnation as the consequence of a rise in the preference for liquidity. Such a rise is caused by a persistent set of pessimistic expectations. This study also investigates the effectiveness of a broad range of demand-management policies in dealing...
Persistent link: https://www.econbiz.de/10010430693