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COVID-19 and fiscal-monetary policy coordination : empirical evidence from India
Chakraborty, Lekha; Harikrishnan S - 2022
space due to revenue uncertainties has led to a theoretical plausibility of a reemergence of finite monetization of deficits … in India. However, the empirical evidence confirms no direct monetization of the deficit. …
Persistent link: https://www.econbiz.de/10012814168
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Monetary-fiscal policy coordination : Lessons from Covid-19 for the climate and biodiversity emergencies
Ryan-Collins, Josh; Kedward, Katie; Chenet, Hugues - 2023
The climate and biodiversity emergencies require structural economic shifts that will necessitate strategic coordination between macroeconomic policy authorities. The Covid-19 episode saw the implementation of monetary-fiscal policy coordination not seen since the 1970s to avert catastrophic...
Persistent link: https://www.econbiz.de/10014357452
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Thinking beyond the pandemic : monetary policy challenges in the medium- to long-term
Dąbrowski, Marek - 2021
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10012592174
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COVID-19 and Fiscal-Monetary Policy Coordination : Empirical Evidence from India
Chakraborty, Lekha; Harikrishnan, S - 2022
space due to revenue uncertainties has led to a theoretical plausibility of a reemergence of finite monetization of deficits … in India. However, the empirical evidence confirms no direct monetization of the deficit …
Persistent link: https://www.econbiz.de/10013306409
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Addressing systemic risk in Europe during Covid-19 : the role of regulation and the policy mix
Dotta, Vitor - 2022
This work examines the impacts which the Covid-19 pandemic brought to the stability of the European financial sector. Lockdowns, businesses unable to operate and uncertainty about how the pandemic would evolve fueled a sharp recession. From the lessons learned in the global financial crises and...
Persistent link: https://www.econbiz.de/10013188926
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Thinking Beyond the Pandemic : Monetary Policy Challenges in the Medium- to Long-Term
Dabrowski, Marek - 2021
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10013221202
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Covid-19 : has the time come for mainstream macroeconomics to rehabilitate money printing?
Arquié, Axelle; Héricourt, Jérôme; Tripier, Fabien - 2020
appropriate funding. Long rejected by mainstream macroeconomics due to its possible inflationary consequences, monetization is … government ever reimbursing the central bank -, monetization appears as an attractive solution in a context where the burden of … Covid-19 shock. This policy brief offers some theoretical insights into this debate opposing monetization and issuance of …
Persistent link: https://www.econbiz.de/10012233283
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Covid-19: Has the time come for mainstream macroeconomics to rehabilitate money printing?
Arquié, Axelle; Héricourt, Jérôme; Tripier, Fabien - 2020
appropriate funding. Long rejected by mainstream macroeconomics due to its possible inflationary consequences, monetization is … government ever reimbursing the central bank -, monetization appears as an attractive solution in a context where the burden of … Covid-19 shock. This policy brief offers some theoretical insights into this debate opposing monetization and issuance of …
Persistent link: https://www.econbiz.de/10012237662
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How "monetization" really works : examples from nations' policy responses to COVID-19
Felipe, Jesus; Fullwiler, Scott; Estrada, Gemma; Jaber, … - 2020
monetization of government debt and its major implication, namely, that it leads to printing money and, consequently, to inflation …, monetization does not occur as it is often described, and it is not nearly as dangerous as its critics argue (and not as useful as …
Persistent link: https://www.econbiz.de/10012403974
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Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992
Corsetti, Giancarlo; Roubini, Nouriel - C.E.P.R. Discussion Papers - 1992
We analyse the arguments in favour and against binding fiscal rules such as those recently agreed by European countries as preconditions for participation in the third phase of the European Monetary Union. The evidence in the paper suggests that a number of EC countries are following...
Persistent link: https://www.econbiz.de/10005661838