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The role of automatic stabilizers in business cycle : the case of Indonesia

Kuncoro, Haryo - In: European journal of government and economics : EJGE 10 (2021) 2, pp. 167-184

The use of large fiscal stimulus packages to dampen the impact of Covid-19 recently has raised concerns about the effectiveness of the discretionary fiscal policy. This paper aims at analysing the feasibility of automatic fiscal stabilisers to mitigate economic fluctuations in the case of...

Persistent link: https://www.econbiz.de/10013174018

Economics of the financial crisis : any lessons for the pandemic downturn and beyond?

Elyassi, Hamid - In: Contemporary economics 15 (2021) 1, pp. 100-121

The world economy entered the third decade of this century with uncertainties and challenges of COVID-19 pandemic before it had fully recovered from the lingering aftereffects of the financial crisis. The financial crisis ended a period of overall global economic growth and price stability...

Persistent link: https://www.econbiz.de/10012485796

A stationary mean-field equilibrium model of irreversible investment in a two-regime economy

Aïd, René; Basei, Matteo; Ferrari, Giorgio - 2023

We consider a mean-field model of firms competing à la Cournot on a commodity market, where the commodity price is given in terms of a power inverse demand function of the industry-aggregate production. Investment is irreversible and production capacity depreciates at a constant rate....

Persistent link: https://www.econbiz.de/10014277013

A generalized approach to indeterminacy in linear rational expectations models

Bianchi, Francesco; Nicolò, Giovanni - In: Quantitative economics : QE ; journal of the … 12 (2021) 3, pp. 843-868

We propose a novel approach to deal with the problem of indeterminacy in linear rational expectations models. The … number of explosive roots in presence of indeterminacy. The solution in this expanded state space, if it exists, is always … and any degree of indeterminacy, and it can be implemented even when the boundaries of the determinacy region are unknown …

Persistent link: https://www.econbiz.de/10012598516

Macroeconomic policy and policy spaces during the COVID-19 pandemic : case studies from Germany, Brazil and India

Conti, Bruno de; Herr, Hansjörg; Jha, Praveen; … - In: European journal of economics and economic policies : … 22 (2025) 1, pp. 57-72

Theoretical analysis, empirical development and case studies show that room to manoeuvre stabilising macroeconomic policies during the COVID-19 crisis in the years 2020 and 2021 were fundamentally different in the Global South and Global North. The latter used extensive discretionary fiscal and...

Persistent link: https://www.econbiz.de/10015371913

Towards an effective fiscal stimulus : evidence from Botswana

Timuno, Sayed O. M.; Eita, Joel Hinaunye - In: Cogent economics & finance 8 (2020) 1, pp. 1-19

While there is a general agreement on the effectiveness of fiscal stimulus, there is no consensus on which stimulus is better. To address this concern, this paper uses a Dynamic Stochastic General Equilibrium (DSGE) model to propose a fiscal stimulus that Botswana can adopt given the slowing...

Persistent link: https://www.econbiz.de/10013179473

The implementation of stabilization policy

Loisel, Olivier - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 677-716

In locally linearized dynamic stochastic rational-expectations models, I introduce the concepts of feasible paths (paths on which the policy instrument can be expressed as a function of the policymaker's observation set) and implementable paths (paths that can be obtained, in a minimally robust...

Persistent link: https://www.econbiz.de/10012587428

Lockdown policies : a macrodynamic perspective for COVID-19

Busato, Francesco; Chiarini, Bruno; Cisco, Gianluigi; … - In: Economia : revista da ANPEC 22 (2021) 3, pp. 198-213

The COVID-19 pandemic has produced a global health and economic crisis. The entire world has faced a trade-off between health and recessionary effects. This paper investigates this trade-off according to a macro-dynamic perspective. We set up and simulate a Dynamic Stochastic General Equilibrium...

Persistent link: https://www.econbiz.de/10013162238

Public debt in the "new normal" : a Schumpeterian perspective on fiscal policy

Bofinger, Peter - 2022

This paper shows that important insights for fiscal policy can be derived from Joseph Schumpeter's academic work. This concerns his fundamental distinction between theories in which the monetary sphere is identical with the real sphere ("real analysis"), and theories in which financial sphere is...

Persistent link: https://www.econbiz.de/10013466735

The leopard : how a post-fascist party rose to power in Italy

Dosi, Giovanni; Roventini, Andrea - In: Intereconomics : review of European economic policy 57 (2022) 5, pp. 270-271

Persistent link: https://www.econbiz.de/10013411152