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COVID-19 pandemic at the beginning of 2020 intensified the crisis, causing a drastic decline in aggregate demand and output …. India and the UK have resorted to monetary and fiscal stimulus packages to face the economic crisis. This study investigated …
Persistent link: https://www.econbiz.de/10012547953
‘emergency economic’ policies. We explore how the current financial crisis was in part caused by previous emergency economic … problems of a crisis. Lastly, we provide a preliminary analysis of the consequences resulting from emergency economic policies … initiated in response to the 2008 financial crisis …
Persistent link: https://www.econbiz.de/10014132230
The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social … weeks at a time, contributing to a very severe downturn in economic activity. To mitigate the policy induced economic crisis …
Persistent link: https://www.econbiz.de/10014390569
model economy in a Covid-19 recession, and quantify the effects of the transfer components of the Coronavirus Aid, Relief …
Persistent link: https://www.econbiz.de/10012388237
Union (EMU) at large. The health crisis worldwide and the precautions against Covid-19 rapidly induced a demand and supply … recession simultaneously. The Covid-19 crisis was marked as the worst crisis since the Great Depression of the 1930s. It hit the … EMU in an unfortunate moment, when economic growth was already low before the Covid-19 crisis started. The effects of the …
Persistent link: https://www.econbiz.de/10013269485
Persistent link: https://www.econbiz.de/10014535198
This paper evaluates the temporary VAT reduction introduced by the German government over the third and fourth quarter of 2020 as most controversial part of the COVID-19 stimulus package. Critics argue that VAT reductions are ineffective because of limited pass-through of temporary measures to...
Persistent link: https://www.econbiz.de/10012510323
This paper evaluates the temporary VAT reduction invoked by the German government over the third and fourth quarter of 2020 as part of the COVID-19 stimulus package. There is considerable controversy. Critics argue that VAT reductions are ineffective in the presence of lockdown measures in place...
Persistent link: https://www.econbiz.de/10013341661
Crisis' Professor Yu described how the Chinese Government's stimulus package and expansionary monetary policy succeeded in … arresting falls in China's economic growth resulting from the global financial crisis. He also identified potential threats to …
Persistent link: https://www.econbiz.de/10013143034
as the Covid-19 crisis deepened. This article argues that deficit bias constrained discretionary fiscal policy actions … positions prior to the Great Financial Crisis, allowing them in turn to pursue much more stimulative fiscal policies in response … to the crisis. The same situation faced policy makers at the onset of the pandemic economic crisis-- those with strong …
Persistent link: https://www.econbiz.de/10012824099