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Effects of state-dependent forward guidance, large-scale asset purchases, and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdón, Carlos; Smets, Frank - In: Journal of money, credit and banking : JMCB 55 (2023) 4, pp. 825-858
Persistent link: https://www.econbiz.de/10014306115
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Taking Stock, July 2020 : What Will Be the New Normal for Vietnam? The Economic Impact of COVID-19
World Bank Group - 2020
, while others have simply disappeared. This report argues that Vietnam should not envision a return to the old normal, but … communicate. The new normal for Vietnam will depend on many factors, but it will be to a large extent shaped by the way the … fiscal policy. Yet, by being ahead of the curve, Vietnam has a unique opportunity to increase its footprint in the world …
Persistent link: https://www.econbiz.de/10012647403
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The Effect of Fiscal Stimulus : Evidence from Covid-19
Garza Casado, Miguel - 2020
Policymakers, faced with different options for replacing lost earnings, have had limited evidence to inform their decisions. The current economic crisis has highlighted the need for data that are local and timely so that different fiscal policy options on local economies can be more immediately...
Persistent link: https://www.econbiz.de/10012826133
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Macroeconomic Adjustment with Segmented Labor Markets
Agenor, Pierre-Richard; Aizenman, Joshua - 2022
. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor … improves competitiveness, and expands the formal sector at the expense of the informal sector. Hence, in a two-sector economy …
Persistent link: https://www.econbiz.de/10013308614
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Time inconsistency and free-riding in a monetary union
Chari, Varadarajan V.; Kehoe, Patrick J. - In: Journal of money, credit and banking : JMCB 40 (2008) 7, pp. 1329-1355
Persistent link: https://www.econbiz.de/10003761412
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Cross-region transfers in a monetary union : evidence from the US and some implications
Pennings, Steven - 2020
transfers. Results are broadly consistent with an open-economy New Keynesian model. At business-cycle frequencies, cross …
Persistent link: https://www.econbiz.de/10012241154
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Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone : COVID-19 Dominance During January - June 2020
Jinjarak, Yothin - 2020
This case study compares the importance of prevailing market factors against that of COVID-19 dynamics and policy responses in explaining the evolution of Eurozone (EZ) sovereign spreads during the first half of 2020. Focusing on daily Eurozone CDS spreads, we adopt a multi-stage econometric...
Persistent link: https://www.econbiz.de/10012829783
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Does Policy Communication During Covid Work?
Coibion, Olivier - 2020
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012830487
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Inspecting the Mechanism : Leverage and the Great Recession in the Eurozone
Martin, Philippe - 2014
We provide a comprehensive account of the dynamics of eurozone countries from 2000 to 2012. We analyze private leverage, fiscal policy, labor costs and interest rates and we propose a strategy to separate the impact of credit cycles, excessive government spending, and sudden stops. We then ask...
Persistent link: https://www.econbiz.de/10013045645
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Macroeconomic Effects of China'S Financial Policies
Chen, Kaiji - 2018
The Chinese economy has undergone three major phases: the 1978-1997 period marked as the SOE-led economy, the 1998 …-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the … one economy to another was driven mainly by regime changes in financial policies …
Persistent link: https://www.econbiz.de/10012908470