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Monetary and fiscal policies in times of large debt : unity is strength

Bianchi, Francesco; Faccini, Renato; Melosi, Leonardo - 2020 - Revised

The Covid-19 pandemic found policymakers facing constraints on their ability to react to an exceptionally large negative shock. The current low interest rate environment limits the tools the central bank can use to stabilize the economy, while the large public debt curtails the efficacy of...

Persistent link: https://www.econbiz.de/10012214463

Deglobalisation post COVID-19 could spell trouble for the European Monetary Union

Bertasiute, Akvile; Massaro, Domenico; Weber, Matthias - 2020

Less economic integration would make it difficult for the ECB to stabilise the euro area economies. Symmetric monetary policy cannot do anything about this and individual countries would need to use fiscal policy tools

Persistent link: https://www.econbiz.de/10012387253

COVID-19 and financial markets : a panel analysis for European countries

Klose, Jens; Tillmann, Peter - 2020

In order to fight the economic consequences of the COVID-19 pandemic, monetary and fiscal policy announced a large variety of support packages which are often unprecedented in size. In this paper, we provide an empirical analysis of the responses of European financial markets to these policy...

Persistent link: https://www.econbiz.de/10012224892

Monetary Policy in Troubled Times : New Governor, New Agenda

Barwell, Richard D.; Chadha, Jagjit; Grady, Michael - 2021

and the capacity of the Bank to meet that challenge.The economy is engulfed in a crisis almost without parallel in peace … forced to shut-down society to limit the death toll from the Covid-19 strain of the coronavirus. The case for extensive … find new ways to nurse the economy through the crisis. And with the Chancellor pressing ahead with a courageous “whatever …

Persistent link: https://www.econbiz.de/10013220017

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

Navigating the COVID-19 storm : impact of the pandemic on the Philippine economy and macro responses of government

Debuque-Gonzales, Margarita - 2021

/paper looks more closely at that episode, dissecting the macroeconomic impact of the coronavirus, viewing it up close through its …

Persistent link: https://www.econbiz.de/10012881351

The economic consequences of COVID-19 : the great shutdown and the rethinking of economic policy

Vernengo, Matías; Nabar-Bhaduri, Suranjana - In: International journal of political economy : a journal … 49 (2020) 4, pp. 265-277

Persistent link: https://www.econbiz.de/10012423605

Covid-19 pandemic : overview of the fiscal policy response and macroeconomic developments in the Euro Area and the United States

Anastasatu, Marianthē; Anyfantaki, Sofia - In: Economic bulletin 57 (2023), pp. 47-65

Persistent link: https://www.econbiz.de/10014382749

The Covid-19 pandemic, policy responses and stock markets in the G20

Caporale, Guglielmo Maria; Kang, Woo-Young; Spagnolo, Fabio - 2021

This paper analyses the impact of the Covid-19 pandemic on stock market returns and their volatility in the case of the G20 countries. In contrast to the existing empirical literature, which typically focuses only on either Covid-19 deaths or lockdown policies, our analysis is based on a...

Persistent link: https://www.econbiz.de/10012622463