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Estimating Fiscal multipliers in the Eurozone A Nonlinear Panel Data Approach

Perdichizzi, Salvatore - 2017

During the sovereign debt crisis, all euro countries have deployed \aus- terity packages", believing that they could regain the path of growth im- plementing structural reforms and cutting government spending. Such policies should have led to an initial decline in GDP followed by recov- ery and...

Persistent link: https://www.econbiz.de/10011739632

Empirical estimates of fiscal multipliers for South Africa

Kemp, Johannes Hermanus - 2020

Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e. the output response following an exogenous shock to fiscal policy) has been heatedly debated at the theoretical and...

Persistent link: https://www.econbiz.de/10012424078

Evolution of Generalized Trust – The Global Evidence over 41 Years

Roth, Felix - 2025

By constructing a unique international database on generalized trust covering 142 countries worldwide for the 41 years from 1980 to 2020, this paper finds a pronounced intertemporal variation of generalized trust over time in a majority of countries across the globe. 3 When analyzing the time...

Persistent link: https://www.econbiz.de/10015271878

Interest Rate Pass-Through, Monetary Policy Rules and Macroeconomic Stability

Kwapil, Claudia; Scharler, Johann - 2007

In this paper we analyze equilibrium determinacy in a sticky price model in which the pass-through from policy rates to retail interest rates is sluggish and potentially incomplete. In addition, we empirically characterize and compare the interest rate pass-through process in the euro area and...

Persistent link: https://www.econbiz.de/10013370035

An implementation approach to rotation programs

Korpela, Ville; Lombardi, Michele; Saulle, Riccardo D. - 2021

We study rotation programs within the standard implementation framework under complete information. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the...

Persistent link: https://www.econbiz.de/10013394373

Aggregation in networks

Allouch, Nizar - 2021

In this paper, we show that a concept of aggregation can hold in large network games with linear best replies. Breaking up large networks into smaller subnetworks, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of...

Persistent link: https://www.econbiz.de/10013396062

Non-standard choice in matching markets

Caspari, Gian; Khanna, Manshu - 2022

We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin down the necessary and sufficient conditions on participants' choice behavior for the existence of stable and incentive compatible mechanisms. Our results imply that...

Persistent link: https://www.econbiz.de/10013464276

Business orientation, efficiency, and credit quality across business cycle: Islamic versus conventional banking. Are there any lessons for Europe and Baltic States?

Rashid, Abdul - In: Baltic Journal of Economics 19 (2019) 1, pp. 105-135

, cost structure, credit quality, and stability. It also examines the difference in the response of two types of banks during … outperformed conventional banks with regard to their credit quality and stability indicators during the trough phase of the …

Persistent link: https://www.econbiz.de/10013470731

Climate change and banking sector (in)stability in Kenya: A vulnerability assessment

Kimundi, Gillian; Wambui, Reuben - 2023

relevant sectors (CPRSs)), and banking sector stability. We use temperature and precipitation climate data, identify 5 CPRSs … and their quarterly outputs, construct a banking sector stability index, and examine the time-varying linkages of these … variables. Effectively, we assess the response of banking sector stability to sectoral output shocks arising from physical and …

Persistent link: https://www.econbiz.de/10014285755

Imperfect collusion on surveilled markets with free entry

von Auer, Ludwig - 2023

Surveys of cartel proceedings reveal that illegal cartels usually (1) attempt to minimize the risk of detection, (2) achieve merely imperfect levels of collusion, (3) compete against some fringe firms, and (4) adjust to market entries and exits. By contrast, existing oligopoly models of...

Persistent link: https://www.econbiz.de/10014327947