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Fiscal and Monetary Institutions in Central, Eastern and South-Eastern European Countries
Darvas, Zsolt; Kostyleva, Valentina - 2011
low scores, the debt/GDP ratios declined before the crisis. This was largely the consequence of a very favourable …
Persistent link: https://www.econbiz.de/10010494471
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Robust-less-fragile : tackling systemic risk and financial contagion in a macro agent-based model
Pallante, Gianluca; Guerini, Mattia; Napoletano, Mauro; … - 2024
We extend the Schumpeter meeting Keynes (K+S; see Dosi et al., 2010, 2013, 2015) to model the emergence and the dynamics of an interbank network in the money market. The extended model allows banks to directly exchange funds, while evaluating their interbank positions using a network- based...
Persistent link: https://www.econbiz.de/10014500985
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Fiscal consolidation policies in the context of Italy's two recessions
Figari, Francesco; Fiorio, Carlo V. - 2015
a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to … Italian economy to reduce the level of public debt and to return to sustained economic growth, which has been very weak for …
Persistent link: https://www.econbiz.de/10011284961
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The short- and long-run damages of fiscal austerity : Keynes beyond Schumpeter
Dosi, Giovanni; Napoletano, Andrea; Roventini, Andrea; … - 2014
In this work we analyze the short- and long-run effects of fiscal austerity policies, employing an agent-based model populated by heterogeneous, boundedly-rational firms and banks. The model, in line with the family of "Keynes+Schumpeter" formalism, is able to account for a wide array of macro...
Persistent link: https://www.econbiz.de/10010437048
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Macroprudential policy : a blessing or a curse?
Popoyan, Lilit - 2016
After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...
Persistent link: https://www.econbiz.de/10011477338
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Macroprudential Policy : A Blessing or a Curse?
Popoyan, Lilit - 2016
After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the “big picture” of the system sufficiently into account and, subsequently, financial supervision mainly “missed the forest for the trees”. As a...
Persistent link: https://www.econbiz.de/10012992051
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Macroeconomic Analysis of Policies Addressing Coronavirus Pandemic
Sedrakyan, Gohar - 2021
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
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Evaluation of the Effectiveness of National Policies of Minimization of Consequences COVID-19 Pandemics
Okhrimenko, Oksana; Zrobok, Oleksii - 2021
The object of research is the effectiveness of the implementation of measures within the national policy to minimize the effects of the COVID-19 pandemic in individual countries. One of the most problematic places is the formation of a policy to minimize the consequences of the COVID-19...
Persistent link: https://www.econbiz.de/10013243255
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Economics of the financial crisis : any lessons for the pandemic downturn and beyond?
Elyassi, Hamid - In: Contemporary economics 15 (2021) 1, pp. 100-121
The world economy entered the third decade of this century with uncertainties and challenges of COVID-19 pandemic before it had fully recovered from the lingering aftereffects of the financial crisis. The financial crisis ended a period of overall global economic growth and price stability...
Persistent link: https://www.econbiz.de/10012485796
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Macroeconomic Effects of COVID-19 in a Commodity-Exporting Economy : Evidence from Mongolia
Doojav, Gan-Ochir - 2022
We examine macroeconomic effects and transmission mechanisms of COVID-19 in Mongolia, a developing and commodity-exporting economy, by estimating a Bayesian structural vector autoregression on quarterly data. We find strong cross-border spillover effects of COVID-19. Our estimates suggest that...
Persistent link: https://www.econbiz.de/10014077687