Narrow search
Showing 1 - 10 of 11,042
Cover Image
Fiscal stabilization in the United States : lessons for monetary unions
Nikolov, Plamen; Pasimeni, Paolo - 2019
achieved in the United States through the federal budget, providing a detailed breakdown of the different channels. In …
Persistent link: https://www.econbiz.de/10011999069
Cover Image
Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
Cover Image
Estimating regime dependent fiscal spillover effects in a monetary union
Kunzmann, Vanessa - 2023
Monetary Union (EMU). I use panel regressions for a total of 14 EMU economies from 1997 to 2022. Government spending shocks are … Leeper (1991). Thus, governments differ in their debt reduction efforts to satisfy their budget constraint and monetary …
Persistent link: https://www.econbiz.de/10014335117
Cover Image
Monetary Developments and Expansionary Fiscal Consolidations : Evidence from the EMU
Afonso, António - 2014
This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...
Persistent link: https://www.econbiz.de/10013050643
Cover Image
Changes in the Response of Fiscal Policy to Monetary Policy in the EMU
Arora, Sanchit; Boeing-Reicher, Claire - 2014
We study the evolution of the response of fiscal policy to monetary policy shocks in the EMU in the light of two … important events: the signing of the Maastricht treaty in 1992 and the introduction of the EMU in 1999. Based on impulse … policy acted as complements after the introduction of the EMU. These results holds for a set of 11 non-EMU countries as well …
Persistent link: https://www.econbiz.de/10010362160
Cover Image
Future of the Economic and Monetary Union
Gortsos, Christos V. - 2022
recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current … of the EMU.The following Section II (“The Impact of the Three Major Crises During the Period 2007-2021”) develops on how …
Persistent link: https://www.econbiz.de/10014077291
Cover Image
Cross-country fiscal policy spillovers and capital-skill complementarity in currency unions
Davione, Thomas; Molnar, Matthias - 2017
hit by the spending shock. Conditional and temporary relaxing of the EU debt ceiling rule could benefit the Union as a …
Persistent link: https://www.econbiz.de/10011630088
Cover Image
The Macroeconomics of Fiscal Consolidations in a Monetary Union : The Case of Italy
Forni, Lorenzo - 2010
We simulate the macroeconomic and welfare implications of different fiscal consolidation scenarios in Italy using a medium scale two-areas dynamic general equilibrium currency-union model. Differently from similar models, ours is rich in the terms of fiscal features. We assume distortionary...
Persistent link: https://www.econbiz.de/10013138599
Cover Image
Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach
Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10011792134
Cover Image
Identifying effective combinations of economic policy measures for the coronavirus recession in Europe
Bernoth, Kerstin; Clemens, Marius; Dany-Knedlik, Geraldine - In: DIW weekly report : economy, politics, science : a … 10 (2020) 23, pp. 263-273
Fund, the fiscal rescue packages of other national governments and the EU did not lower government bond yields. In contrast … markets. In conjunction with fiscal policy measures, EU-wide measures in particular, they were able to stabilize the stock … Recovery Plan announced by the EU, could be quite efficient. …
Persistent link: https://www.econbiz.de/10012231998