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Fiscal policy in the EU in the crisis: A model-based approach
Székely, István P.; Roeger, Werner; Veld, Jan in 't - 2011
This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...
Persistent link: https://www.econbiz.de/10011430871
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Finland and Its Northern Peers in the Great Recession
Suni, Paavo; Vihriälä, Vesa - 2016
exceptional negative shocks in combination with a too weak capacity of the economy to improve its cost competitiveness in the …
Persistent link: https://www.econbiz.de/10012037669
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The economic consequences of German unification: The impact of misguided macroeconomic policies
Bibow, Jörg - 2001
Although the costs associated with moving an antiquated socialist economy toward its capitalist counterpart was … to the notion that these policies were effective in stabilizing the economy. His analysis shows that the country's poor …
Persistent link: https://www.econbiz.de/10010280329
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The economic and social effects of the EU Free Trade Agreement with Vietnam
Grumiller, Jan; Raza, Werner G.; Staritz, Cornelia; … - 2018
group also include Vietnam, where negotiations were formally concluded in December 2015. After completing the legal review … Vietnam. The report starts with an economic overview and an analysis of the trade patterns between the EU and Vietnam (Section … EVFTA on Vietnam. The section starts with an assessment of the economic impacts of the agreement, based on simulations with …
Persistent link: https://www.econbiz.de/10013480315
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Quantitative economic growth and international interchange: the Federal Republic of Germany
Simonis, Udo E. - 1973
Persistent link: https://www.econbiz.de/10011295191
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The reform and implementation of the Stability and Growth Pact
Morris, Richard; Ongena, Hedwig; Schuknecht, Ludger - 2006
Fiscal rules are instrumental for restraining deficit and spending biases in euro area Member States that could threaten the smooth functioning of Economic and Monetary Union (EMU). Ideally, fiscal rules should combine characteristics such as sufficient flexibility to allow for appropriate...
Persistent link: https://www.econbiz.de/10011606199
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The global financial crisis: Lessons for European Integration
Dabrowski, Marek - 2009
The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its content and geographical coverage. It can be...
Persistent link: https://www.econbiz.de/10011430830
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Exchange Rate Regime, Fiscal Foresight and the Effectiveness of Fiscal Policy in a Small Open Economy
Virkola, Tuomo - 2014
This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have...
Persistent link: https://www.econbiz.de/10012037640
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Real-Time Measures of the Output Gap and Fiscal Policy Stance
Virkola, Tuomo - 2014
This paper studies real-time measures of the output gap and fiscal policy stance estimates for EU countries. We construct a comprehensive real-time data set on fiscal forecasts and study whether there are systematic differences between the European Commission and IMF estimates of the output gap...
Persistent link: https://www.econbiz.de/10012037657
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Institutional Determinants of Student Achievement - Microeconometric Evidence
Link, Susanne - 2013
This volume was prepared by Susanne Link during her stay at the Ludwig-Maximilians-University of Munich and the Department of Human Capital and Innovation of the Ifo Institute of Economic Research. It was accepted as a doctoral thesis by the Economics Departure of the University of Munich in...
Persistent link: https://www.econbiz.de/10011698340