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The Impact of the Recovery and Resilience Facility on the Greek Economy
Malliaropulos, Dimitris; Papageorgiou, Dimitris; … - 2022
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
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COVID-19 Pandemic Economic Crisis in Sri Lanka
Landsburger, Ayon - 2021
A worldwide emergency has been proclaimed by the World Health Organization because of the global spread of COVID-19. The study examines the consequences of the pandemic on GDP, employment, inflation, stock market, and external sector performance in Sri Lanka, as well as poverty. COVID-19 news...
Persistent link: https://www.econbiz.de/10013215113
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Slowdown and Crisis in the Indian Economy - A Study of the Macroeconomic Developments between the Global Financial Crisis and the COVID-19 Crisis (2011-12 to 2019-20)
Morris, Sebastian - 2020
In this paper we bring out the performance of the Indian economy, and review the approach of macroeconomic policy especially demand management in the Indian economy. After the shock of the Global Financial Crisis (GFC), India’s economy did not dip much due to the well-directed fiscal stimulus...
Persistent link: https://www.econbiz.de/10014090181
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The Impact of Globalisation on the Euro Area Macroeconomy
Anderton, Robert - 2009
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
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Simple versus optimal rules as guides to policy
Brock, William A.; Durlauf, Steven N.; Nason, James M.; … - 2007
This paper contributes to the policy evaluation literature by developing new strategies to study alternative policy rules. We compare optimal rules to simple rules within canonical monetary policy models. In our context, an optimal rule represents the solution to an intertemporal optimization...
Persistent link: https://www.econbiz.de/10010292303
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Further Austerity and Wage Cuts Will Worsen the Euro Crisis
Andini, Corrado; Cabral, Ricardo - 2012
This note argues that the solutions to the euro-area crisis proposed by the EU governing institutions in cooperation …
Persistent link: https://www.econbiz.de/10010331383
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Further austerity and wage cuts will worsen the euro crisis
Andini, Corrado; Cabral, Ricardo - 2012
This note argues that the solutions to the euro-area crisis proposed by the EU governing institutions in cooperation …
Persistent link: https://www.econbiz.de/10009500683
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Sovereign risk, bank funding and investors' pessimism
Faia, Ester - 2016 - This draft: September 2016
Data show that sovereign risk reduces liquidity, increases funding cost and risk of banks highly exposed to it. I build a model that rationalizes this fact. Banks act as delegated monitors and invest in risky projects and in risky sovereign bonds. As investors hear rumors of increased sovereign...
Persistent link: https://www.econbiz.de/10011541421
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Impact of COVID-19 on Financial Health in India : Managing Financial Health in Challenging Times
Mahajan, Sarika - 2020
Abstract India is at a crucial juncture in its fight against COVID-19 pandemic, which is inflicting unprecedented health, economic, and financial stability challenges. The first priority is, of course, to save lives. But the necessary containment measures to limit the spread of the virus are...
Persistent link: https://www.econbiz.de/10012834763
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Debt Relief and Slow Recovery : A Decade after Lehman
Piskorski, Tomasz - 2019
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
Persistent link: https://www.econbiz.de/10012896580