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short term debt financed government spending shock makes it easier for constrained households to meet their spending needs …
Persistent link: https://www.econbiz.de/10013443719
We document that about 33% of the core inflation basket in the euro area is sensitive to monetary policy shocks. We …. Estimations over different samples show that the impact of monetary policy shocks on sensitive core inflation has become larger …
Persistent link: https://www.econbiz.de/10015179781
We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
Persistent link: https://www.econbiz.de/10012116248
We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
Persistent link: https://www.econbiz.de/10012268062
. The study captures the period following the adoption of inflation targeting by the National Bank of Romania, emphasising … restrictive approach to counter inflation, causing high interest rates that tightened credit access. This monetary-fiscal policy …
Persistent link: https://www.econbiz.de/10015375074
following the slump points to the accommodation of the shock by the ECB, concurrent with the implementation of the Quantitative …
Persistent link: https://www.econbiz.de/10012996601
following the slump points to the accommodation of the shock by the ECB, concurrent with the implementation of the Quantitative …
Persistent link: https://www.econbiz.de/10012998055
Persistent link: https://www.econbiz.de/10012494685
Euro Area economies to a one percent shock in government consumption and business confidence. The evidence suggests that … even though the response to a government consumption shock is strong, a shock in expectations has an even greater effect …
Persistent link: https://www.econbiz.de/10011760247
shock has positively contributed to Australia's economic growth; (ii) the shock has also had positive effects on price … levels, inflation and interest rate; and (ii) interestingly, an increase in the government spending is not always offset by …
Persistent link: https://www.econbiz.de/10013097912