Search Results - subject:"STABILISATION"

Fiscal policy after the crisis : what role for fiscal policy in times of crisis, low interest rates and high public debts?

Heise, Arne - 2022

In 2009, just before the full outbreak of the global financial crisis, Olivier Blanchard (2009) published an article giving a favourable appraisal of the state of macroeconomics. He came to this verdict on the basis that, after a long period of fierce theoretical debate, the discipline had...

Persistent link: https://www.econbiz.de/10012990275

This time is different : fiscal response to the COVID-19 pandemic among EU countries

Bökemeier, Bettina; Wolski, Marcin - 2022

This paper empirically analyses fiscal policy behavior in the European Union (EU) Member States and assesses how it has changed during the recent pandemic crisis compared to previous crisis situations. Based on panel estimations the outcomes reveal that this time is different, both concerning...

Persistent link: https://www.econbiz.de/10012814554

Expansionary and contractionary fiscal multipliers in the U.S.

Kapetanios, George; Koutroumpis, Panagiotis; Tsoukis, … - 2022

We estimate the fiscal (spending) multiplier using quarterly U.S. data, 1986-2017. We define government spending shocks as actual minus expected expenditure growth, the latter obtained from the Survey of Professional Forecasters. We employ the ST-VAR model with the local projections method. A...

Persistent link: https://www.econbiz.de/10013191269

Marrying fiscal rules & investment: A central fiscal capacity for Europe

Schang, Christopher; Vinci, Francesca - 2024

The European fiscal governance framework remains incomplete, hindering policy coordination during economic shocks and affecting the transmission of the single monetary policy. High public debt and low public investment worsen resilience across Member States. Many policymakers, institutions, and...

Persistent link: https://www.econbiz.de/10015199448

Feminist foreign and development policy in practice: Requirements and potentials

Zilla, Claudia (contributor) - 2024

policy areas and international instruments (trade policy, digital policy, migration, flight and displacement, stabilisation …

Persistent link: https://www.econbiz.de/10014561461

The rising tide lifts all boats? Income support measures for employees and self-employed during the COVID-19 pandemic

Christl, Michael; De Poli, Silvia; … - 2024

This paper examines the extent to which fiscal policy protected household incomes in the second year of the COVID-19 pandemic in EU countries. Using microsimulation techniques and detailed Eurostat data, we analyse this impact separately for employees and the selfemployed. We show that while on...

Persistent link: https://www.econbiz.de/10015077797

Enhancing the role of fiscal policy in New Zealand's macroeconomic stabilisation

Bernstein, Jenna; Gaukrodger, Ben; Parkyn, Oscar - 2024

This paper considers the role of fiscal policy in New Zealand's macroeconomic stabilisation. New Zealand … macroeconomic stabilisation. In contrast, fiscal policy is generally oriented around medium-term structural goals and debt … experience over recent economic cycles, fiscal policy may need to play a significant role in macroeconomic stabilisation in the …

Persistent link: https://www.econbiz.de/10015067343

The economic benefits of comprehensive social protection : social protection as an automatic economic stabilizer and fiscal multiplier

Vereinte Nationen / Economic and Social Commission for … - 2024

Persistent link: https://www.econbiz.de/10015191175

Optimal monetary and fiscal policies in disaggregated economies

Cox, Lydia; Feng, Jiacheng; Müller, Gernot J.; Pasten, … - 2024

Persistent link: https://www.econbiz.de/10015173688

Investment incentives attract foreign direct investment : evidence from the Great Recession

Katitas, Aycan; Pandya, Sonal S. - In: Public choice 200 (2024) 1/2, pp. 323-345

Persistent link: https://www.econbiz.de/10015177318