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Automatische Stabilisatoren, fiskalpolitische Schocks und Konjunktur : eine vergleichende SVAR-Analyse für Deutschland und die USA

Scheremet, Wolfgang - 2001

Persistent link: https://www.econbiz.de/10001598073

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012182809

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012215285

Trade Linkages, Balance Sheets, and Spillovers : The Germany-Central European Supply Chain

Elekdag, Selim Ali - 2013

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe — the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two...

Persistent link: https://www.econbiz.de/10013073772

Der deutsche Schuldenabbau im europäischen Vergleich : glückliche Umstände oder starke Leistung?

Büttner, David; Meurers, Martin - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 51-66

Haushaltspolitik. Eine Zerlegung der Entwicklung der Staatsverschuldung seit dem Jahr 2010 zeigt, dass der Schuldenabbau in Deutschland …" noch der Vorwurf, Deutschland sei nur auf Haushaltsdisziplin "versessen", wirklich zutreffend. Die Entwicklungen in den … Konsolidierung bei gleichzeitig hohem Wirtschaftswachstum - also einem sog. "expansionary fiscal adjustment" – stellt Deutschland …

Persistent link: https://www.econbiz.de/10012155258

Do expectations matter? : reassessing the effect of government spending on key macroeconomic variables in Germany

Gründler, Klaus; Sauerhammer, Sarah - 2016

This paper investigates the effects of government spending on key macroeconomic variables in Germany. It contributes to the ongoing debate on how to properly identify exogenous fiscal shocks in the data and on whether or not the government should intervene in the business cycle. Following Ramey...

Persistent link: https://www.econbiz.de/10011525541

Financial constraints, risk sharing, and optimal monetary policy

Zaretski, Aliaksandr - 2021

I characterize optimal government policy in a sticky-price economy with different types of consumers and endogenous financial constraints in the banking and entrepreneurial sectors. The competitive equilibrium allocation is constrained inefficient due to a pecuniary externality implicit in the...

Persistent link: https://www.econbiz.de/10013313881

German and the rest of euro area fiscal policy during the crisis

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model...

Persistent link: https://www.econbiz.de/10010516561

How did we get to the deficit spectrum of the economic crisis?

Bodislav, Alexandru - In: Romanian journal of fiscal policy : RJFP 3 (2012) 1, pp. 9-19

The economies of developed countries of the 21st century benefit from the unseen-till-now prosperity; life standard that suffered a hard landing starting with 2007 and that seems to evolve in a chain-saw model for the crisis development. The forecast is based on the first in, last outʺ...

Persistent link: https://www.econbiz.de/10009548649

A World Between Crises

Kolodko, Grzegorz W. - 2016

One of the most often committed mistakes in economic reasoning is the supposition about continuity of economic processes. Yet what dominates in reality is the process of permanent changes which sometimes happen not in a linear but in a cascade way. It must be acknowledged that the capitalist...

Persistent link: https://www.econbiz.de/10012985518