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Did Fiscal Stimulus Lift Developing Asia Out of the Global Crisis? A Preliminary Empirical Investigation
Hur, Seok-Kyun - 2010
Developing Asia has weathered the global economic crisis well and is experiencing a rapid, robust V-shaped recovery. According to conventional wisdom, the fiscal stimulus packages put in place by the region's governments played a key role in the region's superior postcrisis performance. The...
Persistent link: https://www.econbiz.de/10013137371
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Fiscal Stimulus Packages : Recovery from the Global Crisis
Jotwani, Dhiren - 2012
The recent Financial Crisis reminded us once again about the vulnerability of the global economy. Economists were forced to think about the effectiveness of their policies. During this period, many governments across the world had adopted fiscal measures to boost their local economies. The path...
Persistent link: https://www.econbiz.de/10013103242
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Did Fiscal Stimulus Lift Developing Asia Out of the Global Crisis? An Empirical Investigation
Hur, Seok-Kyun - 2018
The substantial slowdown of economic growth since the global financial crisis of 2008-2009 is rekindling debate on whether developing Asia should use fiscal expansion to boost aggregate demand. A key factor in the debate is the effectiveness of countercyclical fiscal policy in the region. The...
Persistent link: https://www.econbiz.de/10012923470
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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 - 2018
In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising households and a detailed fiscal sector. In particular, the...
Persistent link: https://www.econbiz.de/10011804350
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Fiscal stimulus impact on firms' profitability during the global financial crisis
Correa-Caro, Carolina; Medina, Leandro; … - 2018
sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis … (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the … be significant in explaining changes in corporate profitability …
Persistent link: https://www.econbiz.de/10011978407
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Fiscal Policy Issues for India after the Global Financial Crisis (2008-2010)
Kumar, Rajiv - 2010
The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India's current fiscal situation, its likely future development, and its impact on the economy in the context of a weak global recovery from...
Persistent link: https://www.econbiz.de/10013138109
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The Global Financial Crisis : Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore
Doraisami, Anita - 2011
Several countries have employed countercyclical fiscal policy to ameliorate the impact of the global financial crisis. This study identifies some of the issues and policy implications associated with this policy response in developing countries. Included are case studies of four developing...
Persistent link: https://www.econbiz.de/10013124107
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Business cycle accounting for the German fiscal stimulus program during the Great Recession
Fehrle, Daniel; Huber, Johannes A. - 2020
We take the neoclassical perspective and apply the business cycle accounting method as proposed by Chari, Kehoe, and McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include wedges to the variables government consumption,...
Persistent link: https://www.econbiz.de/10012253072
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Business cycle accounting for the German fiscal stimulus program during the Great Recession
Fehrle, Daniel; Huber, Johannes - 2020
We take the neoclassical perspective and apply the business cycle accounting method as proposed by Chari, Kehoe, and McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include wedges to the variables government consumption,...
Persistent link: https://www.econbiz.de/10012236598
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Prudential Fiscal Stimulus
Duncan, Alfred; Nolan, Charles - 2023
Anticipated stimulus policies enacted perhaps in response to a crisis can motivate precautionary behaviour during the preceding expansion. Ex post stimulus can be ex ante prudential. Prudential fiscal stimulus both speeds up economic recoveries, and prevents crises from occurring in the first...
Persistent link: https://www.econbiz.de/10014256516