Similar Search Results

Fiscal policy and the Great Recession in the Euro Area

Coenen, Günter - 2012

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that discretionary fiscal measures have increased annualized quarterly real GDP growth during the crisis by up to 1.6 percentage points. We obtain our result by using an extended version of...

Persistent link: https://www.econbiz.de/10013108718

The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...

Persistent link: https://www.econbiz.de/10013081055

Euro Area Fiscal Policies and the Crisis

van Riet, Ad - 2010

In mid-September 2008, a global financial crisis erupted which was followed by the most serious worldwide economic recession for decades. As in many other regions of the world, governments in the euro area stepped in with a wide range of emergency measures to stabilise the financial sector and...

Persistent link: https://www.econbiz.de/10012758043

How Party Linkages Shape Austerity Politics : Clientelism and Fiscal Adjustment in Greece and Portugal During the Eurozone Crisis

Afonso, Alexandre - 2014

Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards, we show how the nature of the linkages between parties and citizens shapes party strategies of fiscal retrenchment. We argue that parties which rely to a greater extent on the...

Persistent link: https://www.econbiz.de/10013049407

German and the Rest of Euro Area Fiscal Policy During the Crisis

Gadatsch, Niklas - 2016

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/10012988698

Who's to Blame for Greece? : Life After Bankruptcy: Between Optimism and Substandard Growth

Pelagidis, Theodore; Mitsopoulos, Michael - 2021 - 3rd ed. 2021.

1. Introduction -- Part I. The “Party Period” Before the Crisis -- 2. The Costs and Benefits for Joining a Common Currency with Emphasis on Weaker Member States: The Pre-crisis Debate -- 3. Greece Before the Crisis: The Critical Years in Domestic Politics -- 4. IMF and EU Reports on Greece...

Persistent link: https://www.econbiz.de/10012519875

Debt in times of crisis : Does economic crisis really impact debt?

Poufinas, Thomas (ed.) - 2021

) -- Chapter 2. The impact of Quantitative Easing Policy on the government debt and the NPLs of the Eurozone periphery countries … direction within the countries of Eurozone (Charalampos Agiropoulos, George Galanos and Thomas Poufinas) -- Chapter 8. What … drives sovereign bond yields in the Eurozone? (Nicholas Apergis, Giuseppina Chesini and Thomas Poufinas). …

Persistent link: https://www.econbiz.de/10012615728

Fiscal rules in economic crisis : the trade-off between consolidation and recovery, from a European perspective

Díaz Roldán, Carmen; Ferrari Filho, Fernando; Da … - In: Economics : the open-access, open-assessment journal 15 (2021) 1, pp. 199-216

In this study, we will perform a simulation exercise to investigate whether the use of explicit fiscal rules improves the macroeconomic performance in the economic framework of the European Union (EU), where the fall in income levels occurred very asymmetrically, and this has accentuated the...

Persistent link: https://www.econbiz.de/10013252537

From one crisis to another : changes in the governance of the Economic and Monetary Union (EMU)

Pochet, Philippe - In: Transfer : the European review of labour and research ; … 28 (2022) 1, pp. 119-133

Persistent link: https://www.econbiz.de/10013257302

Europäische Union und Währungsunion in der Dauerkrise II : Szenarien für die Zukunft des Euro

Meyer, Dirk - 2022 - 2., erweiterte Auflage

Wo zeigt sich bereits heute eine Haftungsunion? -- Inwiefern ist der Wiederaufbaufonds die Blaupause für einen fiskalisch-zentralistischen Europäischen Währungsfonds? -- Kommt ein Schuldenerlass? -- Sind griechische „Geuros“ und italienische „Minibots“ als Regierungsgeld die Lösung?...

Persistent link: https://www.econbiz.de/10013188390