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The determinants and dynamics of regional convergence in the EU

Arvanitopoulos, Theodoros; Lazarou, Nicholas-Joseph - 2023

In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 … stochastic convergence trajectories to assess the role of first nature geography, which is defined by variations in physical …, in causing economic growth convergence patterns. We find that western and northern parts of Europe have higher pairwise …

Persistent link: https://www.econbiz.de/10014308640

Deutschland, Europa und Indien : SDG 8 "Menschenwürdige Arbeit und Wirtschaftswachstum" in räumlicher Perspektive

Müller, André; Milbert, Antonia; Schmidt-Seiwert, Volker - Bundesinstitut für Bau-, Stadt- und Raumforschung - 2022

Persistent link: https://www.econbiz.de/10013271701

Evaluating fiscal policy reforms using the fiscal frontier

Chen, Xiaoshan; Leith, Campbell B.; Ricci, Mattia - 2023

We develop a Fiscal Frontier which traces out the maximum government debt level that can be sustained at a given welfare cost. Through duality, the intertemporal policy mix underpinning the Frontier mirrors standard Ramsey policy and defines an upper limit on the welfare gains that can be...

Persistent link: https://www.econbiz.de/10014472253

Price stability and debt sustainability under endogenous trend growth

Schmöller, Michaela; McClung, Nigel - 2024

This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r g) in a New Keynesian model with endogenous technology growth through R&D. Under debt-stabilizing ("passive") fiscal policy the Taylor principle is not sufficient for determinacy. Instead,...

Persistent link: https://www.econbiz.de/10014457581

Endogenous technology, scarring and fiscal policy

Schmöller, Michaela - 2022

This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the...

Persistent link: https://www.econbiz.de/10013463787

The scarring effects of major economic downturns : the role of fiscal policy and government investment

Larch, Martin; Claeys, Peter; Van Der Wielen, Wouter - 2022

Long shunned as slow and ill timed, the response to the Covid-19 pandemic initiated a reassessment of fiscal policy as stabilisation tool. At the same time, there is ample evidence that major economic downturns produce lasting effects on real GDP in spite of active fiscal policy interventions....

Persistent link: https://www.econbiz.de/10013448651