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The global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest economic downturn since … the economy. To withstand these shocks, most of the states started to use fiscal stimulus measures. The main purpose of … this paper is to present the effects that COVID-19 caused on the world economy, as well as to review Keynes's ideas …
Persistent link: https://www.econbiz.de/10014496791
Negative interest rates are an invention of monetary authorities to show that monetary activism does not have boundaries, i.e., as if there is no such thing as a liquidity trap. Their presence in the financial landscape has redefined the benefits to savers and to investors. Governments can now...
Persistent link: https://www.econbiz.de/10012611319
Persistent link: https://www.econbiz.de/10011695735
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This paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...
Persistent link: https://www.econbiz.de/10010306876
already know regarding the government interventions in the economy and its effects based on an investigation of the main …
Persistent link: https://www.econbiz.de/10010283913
This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...
Persistent link: https://www.econbiz.de/10010331982
the case of CEE countries and on Romanian economy and analyze the way fiscal policy affects economies in the crisis … context and its capacities to boost economy. …
Persistent link: https://www.econbiz.de/10010283043
contribute to the intense discussion regarding the influence of fiscal and monetary policy measures on the real economy and the …
Persistent link: https://www.econbiz.de/10011985461
substitutes for the U.S economy during the past twenty years. We build on this claim and consider a variant of the standard …
Persistent link: https://www.econbiz.de/10011996088