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In this paper, we compare the transmission of a conventional monetary policy shock with that of an unexpected decrease … volatility, our results are two-fold: First, the spread shock works mainly through a boost to consumer wealth growth, while a … conventional monetary policy shock affects real output growth via a broad credit/bank lending channel. Second, both shocks exhibit …
Persistent link: https://www.econbiz.de/10012611059
speaks the language of religious, political and/or mandated CSR. India, in recent times came into the limelight with its …
Persistent link: https://www.econbiz.de/10014545935
Purpose - The article analyzes how oil price fluctuations are reflected in the management of Petróleos Mexicanos (Pemex) based on its balance sheet (BS) and particularly how oil price fluctuations affect Pemex's corporate income. Design/methodology/approach The author uses a vector...
Persistent link: https://www.econbiz.de/10014516338
We study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and news-driven business cycles. For German data on TFP and stock prices we find qualitatively similar empirical evidence. Quantitatively, however, an impulse response analysis suggests that a substantial part of...
Persistent link: https://www.econbiz.de/10010295308
This paper addresses the issues of identification and dating of the Euro-zone business cycle by using the Markov-switching approach innovated by Hamilton in his analysis of the US business cycle. Regime shifts in the stochastic process of economic growth in the Euro-zone are identified by...
Persistent link: https://www.econbiz.de/10010377542
Persistent link: https://www.econbiz.de/10011601941
Persistent link: https://www.econbiz.de/10011602330
This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...
Persistent link: https://www.econbiz.de/10010331982
Seit langem werden Reformen des Ehegattensplittings bei der Einkommensteuerdiskutiert, zuletzt während der Koalitionsverhandlungen im Oktober 2002. Das DIW Berlin hat die Aufkommens- und Belastungswirkungen des gegenwärtigen Splittingverfahrens und von alternativen Formen der...
Persistent link: https://www.econbiz.de/10011601441
With disparities in national unemployment rates reaching record levels, the debate on fiscal stabilisers in Europe has gained new momentum. Can a European unemployment insurance scheme help to absorb asymmetric shocks and bring about the desired level of macroeconomic stabilisation? What should...
Persistent link: https://www.econbiz.de/10010471476