Showing 1 - 10 of 325
This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...
Persistent link: https://www.econbiz.de/10012905916
This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks — that dimension has so far received little attention...
Persistent link: https://www.econbiz.de/10013099434
The paper analyses in a simple setting a game between an inflation-conservative central bank and a fiscal authority subject to an upper limit on the budget deficit. It is shown that complementarity or substitutability between the policies and the preference of each authority for the other...
Persistent link: https://www.econbiz.de/10013104469
We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyze the determinants of Germany's current account surplus after the launch of the Euro. The most important factors driving the German surplus were positive...
Persistent link: https://www.econbiz.de/10013054630
Persistent link: https://www.econbiz.de/10009678260
Persistent link: https://www.econbiz.de/10010376940
Persistent link: https://www.econbiz.de/10010376944
Persistent link: https://www.econbiz.de/10010349464
Persistent link: https://www.econbiz.de/10010359621
Persistent link: https://www.econbiz.de/10011288456