Narrow search
Showing 1 - 10 of 836,379
Cover Image
Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
Cover Image
Great recession, slow recovery and muted fiscal policies in the US
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate …
Persistent link: https://www.econbiz.de/10011434680
Cover Image
The effects of fiscal policy in an estimated DSGE model : the case of the German stimulus packages during the Great Recession
Drygalla, Andrej; Holtemöller, Oliver; Kiesel, Konstantin - In: Macroeconomic dynamics 24 (2020) 6, pp. 1315-1345
Persistent link: https://www.econbiz.de/10012307282
Cover Image
Business cycle accounting for the German fiscal stimulus program during the Great Recession
Fehrle, Daniel; Huber, Johannes - 2020
McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …
Persistent link: https://www.econbiz.de/10012236598
Cover Image
Business cycle accounting for the German fiscal stimulus program during the Great Recession
Fehrle, Daniel; Huber, Johannes A. - 2020
McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …
Persistent link: https://www.econbiz.de/10012253072
Cover Image
A narrative approach to a fiscal DSGE model
Drautzburg, Thorsten - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 801-837
Structural DSGE models are used for analyzing both policy and the sources of business cycles. Conclusions based on full structural models are, however, potentially affected by misspecification. A competing method is to use partially identified SVARs based on narrative shocks. This paper asks...
Persistent link: https://www.econbiz.de/10012214069
Cover Image
The changing transmission of uncertainty shocks in the US : an empirical analysis
Mumtaz, Haroon; Theodoridis, Konstantinos - 2014
develop an extended Factor Augmented VAR model that simultaneously allows the estimation of a measure of uncertainty and its … shock has remained fairly stable. Simulations from a non-linear DSGE model suggest that these empirical results are …
Persistent link: https://www.econbiz.de/10010472799
Cover Image
Fiscal multipliers in the COVID-19 recession
Auerbach, Alan J.; Gorodnichenko, Yuriy; McCrory, Peter B. - 2021
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012705410
Cover Image
A medium-sized, open-economy, fiscal DSGE model of South Africa
Kemp, Johannes Hermanus; Hollander, Hylton - 2020
taxes are the most effective instruments for stabilizing debt after a fiscal shock. …
Persistent link: https://www.econbiz.de/10012241962
Cover Image
Getting into GEAR : German and the rest of Euro area fiscal policy during the crisis ; conference paper
Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … Germany and the rest of EMU affected GDP growth and unemployment during the crisis. Not surprisingly, stimulus programmes … policy on domestic GDP growth was only small, however, amounting to a maximum of 1.6% for Germany and 0.8% for the rest of …
Persistent link: https://www.econbiz.de/10010486694