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ECB worries/European woes: The economic consequences of parochial policy

Barbera, Robert J.; Holtham, Gerald - 2012

financial markets that culminated with the crisis that began in 2007. Nonetheless, the straightforward steps taken by …

Persistent link: https://www.econbiz.de/10010318632

"ECB Worries/European Woes: The Economic Consequences of Parochial Policy"

Barbera, Robert J.; Holtham, Gerald - Levy Economics Institute - 2012

financial markets that culminated with the crisis that began in 2007. Nonetheless, the straightforward steps taken by …

Persistent link: https://www.econbiz.de/10011141203

Did the U.S. Really Grow Out of Its World War II Debt?

Acalin, Julien; Ball, Laurence M. - National Bureau of Economic Research - 2023

The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged interest rates before the Fed-Treasury Accord of 1951....

Persistent link: https://www.econbiz.de/10014337810

Fiscal multipliers and foreign holdings of public debt

Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, … - 2019

This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out effects if the resources used to acquire public debt reduce domestic...

Persistent link: https://www.econbiz.de/10011994640

Mass Sovereign Debt Litigation : A Computer-Assisted Analysis of the Argentina Bond Litigation in the U.S. Federal Courts 2002–2016

Makoff, Gregory; Weidemaier, Mark C. - 2022

This article presents a computer-assisted analysis of the first large-scale mass litigation of sovereign debt claims. Between 2002 and 2016, hundreds of lawsuits were filed against Argentina in the United States, virtually all in the Southern District of New York. Historically, litigation...

Persistent link: https://www.econbiz.de/10014081074

Transmission of the debt crisis : from EU15 to USA or vice versa? ; a GVAR approach

Konstantakis, Konstantinos N.; Michaelides, Panayotis G. - In: Journal of economics & business 76 (2014), pp. 115-132

Persistent link: https://www.econbiz.de/10010506025

Central bank policies and the debt trap

Orphanides, Athanasios; Ke, T. Tony - 2017

crisis. Important differences are identified across the four states, reflecting differences in the policy choices of the …

Persistent link: https://www.econbiz.de/10011749492

The Fiscal Consequences of Missing an Inflation Target

Andreolli, Michele; Rey, Hélène - National Bureau of Economic Research - 2023

The European Central Bank is unique in setting monetary policy for several sovereign states with heterogeneous debt levels and different maturity structures. The monetary-fiscal nexus is central to the functioning of the euro area. We focus on one particular aspect of that nexus, the effect the...

Persistent link: https://www.econbiz.de/10013537713

Were U.S. Banks Exposed to the Greek Debt Crisis?

Cornett, Marcia Millon - 2015

This study provides an empirical analysis of the impact of the Greek debt crisis on stock returns of U.S. commercial … banks. We find that good (bad) news events pertaining to the Greek debt crisis, identified by large changes in the Greek CDS … exposure was such that it did not result in any abnormal fluctuations in bank values at the height of the crisis. When we …

Persistent link: https://www.econbiz.de/10013025329

Financial Repression and Debt Liquidation in the US and the Euro Area

Hoffmann, Andreas - 2013

the Euro Area, the continuous actions performed to contain the European debt crisis have repressed interest rates …

Persistent link: https://www.econbiz.de/10013090225