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The Trade-Off between Public Health and the Economy in the Early Stage of the COVID-19 Pandemic

Jaccard, Ivan - 2022

reduces the response of output to a technology shock. We also argue that the magnitude of the trade-off between health and the …, suboptimal policies such as zero COVID strategies, health insurance, or mandatory testing substantially attenuate recessions that … are caused by epidemics. Therefore, policies primarily aimed at preserving public health do not necessarily come at the …

Persistent link: https://www.econbiz.de/10014079578

Monetary Policy Shocks and the Health of Banks

Jung, Alexander; Uhlig, Harald - 2021

significant impact on the health of euro area banks. Information effects, which made the private sector more pessimistic about …. We show that ECB communications at the press conference were crucial for the market response and that bank health …

Persistent link: https://www.econbiz.de/10013315355

Gender Bias and Credit Access

Ongena, Steven - 2015

This paper studies the causal effect of gender bias on access to bank credit. We extract an exogenous measure of gender bias from survey responses by descendants of US immigrants on questions about the role of women in society. We then use data on 6,000 small business firms from 17 countries and...

Persistent link: https://www.econbiz.de/10013019627

What do we really know about fiscal sustainability in the EU? A panel data diagnostic

Afonso, António; Rault, Christophe - 2007

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …

Persistent link: https://www.econbiz.de/10011604866

Fiscal regimes in the EU

Afonso, António; Toffano, Priscilla - 2013

We assess the existence of fiscal regime shifts in the U.K., Germany, and Italy, using Markov switching fiscal rules. On the basis of a newly built quarterly data set, our results show the existence of fiscal regimes shifts, sometimes coupled with regime switches also regarding monetary...

Persistent link: https://www.econbiz.de/10011605574

Globalisation and the efficiency-equity trade-off

Beck, Roland; Di Nino, Virginia; Stracca, Livio - 2021

use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to …

Persistent link: https://www.econbiz.de/10012515467

Business cycle synchronization and insurance mechanisms in the EU

Afonso, António; Furceri, Davide - 2007

In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...

Persistent link: https://www.econbiz.de/10011604890

3-step analysis of public finances sustainability: the case of the European Union

Afonso, António; Rault, Christophe - 2008

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

Persistent link: https://www.econbiz.de/10011604954

Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility?

Arratibel, Olga; Furceri, Davide; Martin, Reiner - 2008

, in the Central and Eastern European EU Member States. Using panel estimations for the period between 1995 and 2006, we …

Persistent link: https://www.econbiz.de/10011604975

Budgetary and external imbalances relationship: a panel data diagnostic

Afonso, António; Rault, Christophe - 2008

between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The …

Persistent link: https://www.econbiz.de/10011605007