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Policy Stability and Economic Growth : Lessons from the Great Recession

Haldane, Andrew; Minford, Patrick; Radia, Amar; Taylor, … - 2021

The recovery from the recession after the financial crisis, in both the UK and the US, has been very slow compared with other similar events in history. During the period before the financial crash and afterwards, monetary policy deviated from the very effeective rules-based approach of the...

Persistent link: https://www.econbiz.de/10013225300

Economic policy in India : for economic stimulus, or for austerity and volatility?

Sen, Sunanda; DasGupta, Zico - 2014

The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...

Persistent link: https://www.econbiz.de/10010385761

Abenomics: from the "great stagnation" to the "three-arrows strategy"

Grabowiecki, Jerzy - In: International journal of management and economics 55 (2019) 3, pp. 201-211

This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...

Persistent link: https://www.econbiz.de/10012171656

Specific aspects of the economic policy in the conditions of the COVID-19 pandemic

Milošević, Danijel; Marjanović, Vladislav - In: Ekonomske teme 60 (2022) 2, pp. 205-220

Covid-19 has hit the world intensely. From the medical point of view it seems that we have found the way to fight it, and the new task is to recover the economies. First of all, we need to assess the impact and specify the industries that suffered the most in order to create support packages. It...

Persistent link: https://www.econbiz.de/10014281799

Government Policy in Monetary Economies

Martin, Fernando M. - 2012

I study how the general and specific details of a micro founded monetary framework affect the determination of policy when the government has limited commitment. The conduct of policy depends on the interaction between the incentive to smooth distortions intertemporally and a time-consistency...

Persistent link: https://www.econbiz.de/10013107786

How Can Recessions Be Brought to an End? Effects of Macroeconomic Policy Actions on Durations of Recessions

Tas, Bedri Kamil Onur - 2011

This paper analyzes how effective macroeconomic policy actions are in ending recessions. We also investigate which structural factors help the country to get out of recessions, in other words experience shorter recessions. We implement survival regression analysis and conclude that expansionary...

Persistent link: https://www.econbiz.de/10013120859

Macroeconomic Policy and Economic Performance

de Lima, Pedro - 2003

This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two decades and, within the limits of the existing empirical research, evaluates the overall costs and benefits for the OECD economies. The general findings for monetary policy are that,...

Persistent link: https://www.econbiz.de/10012444501

Growth-Promoting Policies and Macroeconomic Stability

Sutherland, Douglas; Hoeller, Peter - 2013

Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...

Persistent link: https://www.econbiz.de/10014151193

Identifying effective combinations of economic policy measures for the coronavirus recession in Europe

Bernoth, Kerstin; Clemens, Marius; Dany-Knedlik, Geraldine - In: DIW weekly report : economy, politics, science : a … 10 (2020) 23, pp. 263-273

As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences of the resulting lockdowns. In this paper, the...

Persistent link: https://www.econbiz.de/10012231998

Fiscal policy in the macroeconomic policy mix : a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-K...

Hein, Eckhard; Truger, Achim - 2008

ausschließlichen Konzentration auf die Geldpolitik als Stabilisierungsinstrument, wegen seiner mangelhaften Berücksichtigung der Rolle … von Löhnen und der Lohnpolitik und wegen seiner kompletten Vernachlässigung der stabilisierenden Rolle der Finanzpolitik …. Aus Post-Keynesianischer Sicht wird gezeigt, dass die Finanzpolitik eine wichtige Rolle für die makroökonomische …

Persistent link: https://www.econbiz.de/10003744540

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