Search Results - subject_exact:"Konjunkturprogramm"

Inflation vs Inclusion : Stabilization Policy in the Wake of the Pandemic

Alves, Felipe; Violante, Giovanni L. - 2026

As the economy emerges from a crisis, macroeconomic policy confronts a dilemma: a protracted stimulus can foster a more inclusive labor market recovery, yet risks igniting inflation that ultimately undermines workers' welfare through real income erosion. This tension amplifies in the presence of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611198

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Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026 - Last updated: April 14, 2026

Edition: Last updated: April 14, 2026

Book / Working Paper

Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026

Book / Working Paper

Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026 - Last updated: April 14, 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651889

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Inflation vs Inclusion : Stabilization Policy in the Wake of the Pandemic

Alves, Felipe; Violante, Giovanni L. - 2026

Book / Working Paper

Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026

Book / Working Paper

Policy distorion in credit allocation : evidence from an economic stimulus

Ho, Chun-Yo; Li, Dan; Zhu, Xiaodong - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668203

The influence of fiscal policy on gender-specific unemployment during the COVID-19 shock in Poland

Al Mamun, Tuhin G. M. - 2026

The COVID-19 pandemic significantly disrupted labor markets worldwide, exacerbating pre-existing gender disparities in employment. This study examines the gender-specific impacts of the pandemic on unemployment trends in Poland from 1992 to 2023, by using a Markov Switching Vector Auto...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015664819

The stability of self-control in unstable times

Cobb-Clark, Deborah A.; Lepinteur, Anthony; Menta, Giorgia - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016073952

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The stability of self-control in unstable times

Cobb-Clark, Deborah A.; Lepinteur, Anthony; Menta, Giorgia - 2025

Book / Working Paper

How does the recovery and resilience facility compare to the cohesion policy funds : the case of renewable energy

Nigohosyan, Daniel; Vutsova, Albena - 2026

This paper provides the first systematic, cross-country empirical comparison of the Recovery and Resilience Facility (RRF) and Cohesion Policy funds (CPF) in the domain of renewable energy deployment. Covering 14 EU Member States, the analysis combines quantitative cross-country evidence on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064023

Optimal monetary and fiscal policy under limited foresight

Bodenstein, Martin; Zhao, Junzhu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016083815

Il PNRR dell'Italia : metodi e strumenti per politiche economiche possibili

2026 - 1a edizione

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609407

The Godley-Tobin memorial lecture : reviewing some principles of stabilization policy, with a practical application

DeLong, James Bradford - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615530

Macroeconomic stabilization policy for a dynamic economy : variations on a model by Leitmann and Wan

Neck, Reinhard; Blueschke, Dmitri; Blueschke-Nikolaeva, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015549175

Default risk, risk premium, and corporate resilience : the role of regulatory and stabilization policies

Firano, Zakaria; Karaouch, Doha - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015324374

The interplay of political connections and economic stimulus : productivity consequences from China's economic stimulus

Wang, Benlai; Wang, Runsheng; Zhu, Bohong - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637694

Macroeconomic policy and policy spaces during the COVID-19 pandemic : case studies from Germany, Brazil and India

Conti, Bruno de; Herr, Hansjörg; Jha, Praveen; … - 2025

Theoretical analysis, empirical development and case studies show that room to manoeuvre stabilising macroeconomic policies during the COVID-19 crisis in the years 2020 and 2021 were fundamentally different in the Global South and Global North. The latter used extensive discretionary fiscal and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371913

How Responsive are Durables Expenditures to Transitory Income Shocks?

Boehm, Christoph E.; Ma, Changseok - 2026

We estimate how expenditures on durable goods respond to transitory income shocks using variation from the Economic Stimulus Act of 2008. The estimated responses are large: Households spent about 80 percent of their stimulus payment within three months of receiving the income transfer on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639348

Did the American rescue plan cause inflation? : a synthetic control approach

Ko, Dong Gyun - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015192600

Political economy : an Institutional and behavioral approach

Conrad, Christian A. - 2026 - Second edition

1. Introduction -- 2. Weaknesses in Economics and Economic Education -- 3. Basics of Political Economy -- 4. Modeling the Image of Man -- 5. The Functioning of Market and Competition -- 6. Theory of Economic Systems -- 7. Market Failure -- 8. Political Failure -- 9. Competition Policy -- 10....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628330

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Political economy : an institutional and behavioral approach

Conrad, Christian A. - 2020

Book / Working Paper

Fiscal policy for stabilization during the COVID-19 crisis : the role of social spending

Heimberger, Philipp - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015195139

Fiscal Inaction as Monetary Support

Angeletos, Marios; Lian, Chen; Wolf, Christian - 2026

How does the fiscal framework affect the central bank's ability to stabilize output and inflation? The textbook answer, which assumes Ricardian households, recommends that fiscal adjustment should be fast enough to allow for monetary dominance. We instead argue that, with non-Ricardian...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015593728

Fiscal policy as a stabilization tool : the case for quasi-automatic stabilizers, with an application to VAT

Blanchard, Olivier - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015419411

The macroeconomic impact of fiscal policies reflecting state dependency : the case of Korea

Lee, Min Gyu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668802

Growth of non-bank financial intermediaries, financial stability, and monetary policy

Pelizzon, Loriana; Mattiello, Riccardo; Schlegel, Jonas - 2025

This paper examines the rise of non-bank financial intermediaries (NBFIs) and its implications for financial stability and monetary policy transmission in the Euro Area and the United States. While the U.S. financial system has long been market-based, the Euro Area has experienced a striking...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471431

11. Hayekian case against nominal spending stabilization policy

Benedyk, Mateusz - 2026

This chapter presents several arguments Friedrich August von Hayek presented against monetary policy of stabilizing the level of nominal spending. I argue that Hayek, even though sometimes presented as advocating such a monetary policy rule, saw three big problems with the nominal spending rule....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015674442

COBOLing together UI benefits : how delays in fiscal stabilizers affect aggregate consumption

Navarrete, Michael A. - 2025

The United States experienced an unprecedented increase in unemployment insurance (UI) claims beginning in March 2020. State UI-benefit systems were strained beyond their administrative capacity to process the dual challenge of an unprecedented increase in claims and changes to UI benefits. In...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474238

The spending consequences of COVID-19 stimulus payments : the case of baseball cards

Keefer, Quinn Andrew Wesley - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672672

Republic of Azerbaijan : Financial Sector Assessment Program-Financial System Stability Assessment

2025

This paper focuses on the Republic of Azerbaijan's Financial Sector Assessment Program as part of Financial System Stability Assessment. Azerbaijan's economy has recovered from two downturns prompted by the collapse of global oil prices in 2015 and coronavirus disease 2019 pandemic in 2020. An...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015452004

Effect of COVID-19 stimulus packages on nations' competitive advantage

Sharma, Dheeraj P.; Pandey, Shivendra Kumar; Gaur, Diptanshu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060733

Who is Afraid of Eurobonds?

Bianchi, Francesco; Fang, Qingyuan; Melosi, Leonardo; … - 2026

The current euro area policy framework conflates short-run stabilization with long-run fiscal sustainability, exposing members to deflationary and inflationary tail risks. We employ an estimated euro area model to analyze an alternative framework that separates these objectives. A centralized...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063306

The valuation of economic recovery : the case for investment-led fiscal spending policies in open economies

García, Carlos José; González, Wildo; Valenzuela, Gabriel - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015454440

Government debt limits and stabilization policy

Murphy, Daniel P.; Young, Eric R. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072830

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Government debt limits and stabilization policy

Murphy, Daniel P.; Young, Eric R. - 2020

Book / Working Paper

Government Debt Limits and Stabilization Policy

Murphy, Daniel P. - 2020

Book / Working Paper

Government Debt Limits and Stabilization Policy

Murphy, Daniel P. - 2020

Book / Working Paper

The impact of firm-level covid rescue policies : evidence for Wallonia

Magerman, Glenn; Van Esbroeck, Dieter - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410632

Monetary and fiscal coordination in the face of supply-side shocks : with an application to the effects of the war in Ukraine

Adam, Christopher S.; Luk, Paul; Vines, David - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015619836

India : Financial Sector Assessment Program-Financial System Stability Assessment

2025

India's financial system has withstood the pandemic well and has become more resilient since the 2017 FSAP. Nonbank financial institutions (NBFIs)-especially nonbank financial companies (NBFCs) providing credit with wholesale financing-and market financing have grown, making the financial system...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015411406

Rethinking Fiscal Policies

Fuchs Tarlovsky, Alan; Amjad, Beenish; Loayza Grisi, … - 2025

This paper examines the redistributive impact of fiscal policy-specifically taxes and transfers-on poverty and inequality in eight countries in the Middle East and North Africa: the Arab Republic of Egypt, Djibouti, the Islamic Republic of Iran, Iraq, Jordan, Morocco, Tunisia, and the West Bank...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015411878

The impact of the COVID-19 income shock on debt management : a mediation analysis

Ouyang, Congrong; Crandall, Thomas; Chatterjee, Swarn - 2025

This study uses the 2021 wave of the FINRA National Financial Capability Study dataset to examine the association between large and unexpected income drops experienced by individuals during the COVID-19 pandemic and an individual's use of stimulus checks to settle debt obligations. This study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015412271

Heterogeneity and macroeconomic state dependence in the spending response to stimulus

Woongchan, Jeon; Walsh, Kieran - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459949

Government scale as a stabilizer : effects on output volatility and losses

Afonso, António; Alves, José; Leal, Frederico Silva - 2025

We examine the impact of government size on economic fluctuations and the role of fiscal policy in promoting macroeconomic stability in the period 1980-2024. The results indicate that indirect taxes, capital taxes, and social security contributions (as a percentage of GDP) are associated with...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015427239

Can fiscal rules improve banking system stability in developing countries?

Coulibaly, Yacouba; Diallo, Askandarou Cheik - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015563771

Revenue collapses and the consumption of small business owners in the COVID-19 pandemic

Kim, Olivia S.; Parker, Jonathan A.; Schoar, Antoinette - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015571155

The Role of a Stabilizing Expenditure Rule in Fostering Macro-Fiscal Stability : Simulation-Based Evidence from Poland

Torój, Andrzej - 2025

The paper investigates the properties of Poland’s Stabilizing Expenditure Rule (SER) in the context of economic governance reform in the EU. The analysis uses a granular macroeconometric model (Chmura et al., 2024) that incorporates heterogeneous fiscal multipliers across expenditure items and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612868

Euro Area : Publication of Financial Sector Assessment Program Documentation-Detailed Assessment of Observance-Basel Core Principles for Effective Banking Supervision

2025

Banking supervision has significantly strengthened since the last Financial Stability Assessment Program (FSAP). The European Central Bank (ECB), in cooperation with the national competent authorities (NCAs), is exclusively responsible for the prudential supervision of credit institutions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613206

Euro Area : Publication of Financial Sector Assessment Program Documentation-Technical Note on Systemic Risk Analysis-NBFI

2025

This note discusses the assessment of systemic risks within Non-Bank Financial Institutions (NBFIs) as part of the Financial Sector Assessment Program (FSAP) for the euro area (EA). It outlines the assessment of counterparty credit risk related to Central Counterparties (CCPs) and the potential...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613210

Euro Area : Publication of Financial Sector Assessment Program Documentation-Technical Note on Stress Testing the Banking Sector

2025

This technical note (TN) focuses on the euro area (EA) banking sector, which has weathered a succession of shocks over the past few years with notable resilience. Strong starting capital positions, ample liquidity and a diversified deposit base allowed banks to absorb the effects of the COVID-19...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613211

Euro Area : Publication of Financial Sector Assessment Program Documentation-Technical Note on Systemic Liquidity

2025

Progress has been made in several areas highlighted in the 2018 FSAP (Appendix I). Most notably the European Central Bank (ECB) strengthened its liquidity monitoring framework and modified the central clearing counterparty (CCP) credit facility. A key recommendation of the 2018 FSAP to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613212

Euro Area : Publication of Financial Sector Assessment Program Documentation-Technical Note on Insurance Micro and Macroprudential Supervision

2025

This Technical Note focuses on Insurance Micro and Macroprudential Supervision in the euro area (EA). The institutional framework for insurance regulation and supervision in the EA has evolved gradually, with significant legislative processes still in development at the time of the financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613213

Euro Area : Publication of Financial Sector Assessment Program Documentation-Technical Note on Financial Sector Safety Nets

2025

(SRB) have become well-established. They have improved cooperation with each other, with national authorities, and with other financial sector participants, and developed detailed contingency plans for crisis situations. Industry understanding of their objectives and priorities has grown...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613214

Euro Area : Publication of Financial Sector Assessment Program Documentation-Technical Note on Macroprudential Policy

2025

The institutional framework for macroprudential policy in Euro Area (EA) is complex, but in line with IMF guidance. While the European Systemic Risk Board (ESRB) is responsible for the macroprudential oversight of the European Union (EU) financial system as a whole, there is a clear designation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613215

Stabilisierung der Konjunktur in herausforderndem Umfeld : gesamtwirtschaftliche Prognose für Österreich 2025 bis 2028 vom Dezember 2025

Fenz, Gerhard; Fritzer, Friedrich; Moser, Mathias; … - 2025

Österreichs Wirtschaft erholt sich zaghaft von der zwei Jahre andauernden Rezession. Für 2025 wird ein schwaches BIP-Wachstum von 0,6 % erwartet. 2026 und 2027 beschleunigt sich dieses auf 0,8 % bzw. 1,1 %. Die schwache Wirtschaftsentwicklung hinterlässt ihre Spuren auf dem Arbeitsmarkt. Die...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597133

Is monetary and fiscal policy conflict that dire?

Kronick, Jeremy; Petersen, Luba - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015556460

Fiscal announcements and households' beliefs : evidence from the euro area

Gallegos, José-Elías; García-Miralles, Esteban; … - 2025

This paper studies the effects of fiscal policy announcements on household expectations. We document announcements of price-related expansionary fiscal measures in response to the cost-of-living crisis in the four largest euro area economies and exploit the exogenous timing of fiscal actions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589627

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Fiscal announcements and households' beliefs : evidence from the euro area

Gallegos, José Elías; García-Miralles, Esteban; … - 2025

Book / Working Paper

Fiscal announcements and households' beliefs : evidence from the euro area

Gallegos, José Elías; García-Miralles, Esteban; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574679

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Fiscal announcements and households' beliefs : evidence from the euro area

Gallegos, José-Elías; García-Miralles, Esteban; … - 2025

Book / Working Paper