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This study assesses the potential macroeconomic impact of the stimulus and the structural reforms supported by the Recovery and Resilience Facility (RRF) on the Greek economy. The set-up is a Dynamic Stochastic General Equilibrium (DSGE) model that is augmented to account for the main features...
Persistent link: https://www.econbiz.de/10014077832
problems were threatening to spread to other countries within the euro area, with potential negative repercussions for the euro …
Persistent link: https://www.econbiz.de/10011689946
problems were threatening to spread to other countries within the euro area, with potential negative repercussions for the euro …
Persistent link: https://www.econbiz.de/10011706561
Persistent link: https://www.econbiz.de/10008859808
trade, production and financial market linkages - has engendered several macroeconomic implications for the euro area. This … paper focuses on assessing the key impacts on the euro area macroeconomy through an analysis of prospective channels … openness of the euro area in terms of both trade and capital flows as well as the global reduction in transportation and …
Persistent link: https://www.econbiz.de/10013157128
The study analyzes the impacts of the financial and economic crisis on the potential growth in the European Union. It carries out quantitative analysis in order to reveal the medium and long-term trends. According to the analysis the impacts of the crisis are significantly different in the...
Persistent link: https://www.econbiz.de/10013085313
The peak of economic shock resulted from the first wave of COVID-19 has already passed in many countries, and currently, the focus of economic policy is shifting towards recovery. In the context of a gradual resumption of business activity and stabilization in financial markets, the authorities...
Persistent link: https://www.econbiz.de/10012825740
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...
Persistent link: https://www.econbiz.de/10012660440
During last two quarters, active macroeconomic policies have been a significant component of the overall response of the U.S. government to the coronavirus pandemic. An analysis of current government policies addressing this short-term shock and the resulting economic impact would be helpful in...
Persistent link: https://www.econbiz.de/10013220190
The relationship between foreign aid and the economic growth of developing countries is unquestionably an intricate one. While a newcomer to the topic might expect to find an obvious effect of aid on growth, the overwhelming majority of the literature in this field does not conclude its studies...
Persistent link: https://www.econbiz.de/10013233380