Search Results - subject_exact:"Stabilization policy"

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

Blanchard, Olivier - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015419411

A plucking model of business cycles

Dupraz, Stéphane; Nakamura, Emi; Jón Steinsson - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560907

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A plucking model of business cycles

Dupraz, Stéphane; Nakamura, Emi; Jón Steinsson - 2019

Book / Working Paper

A Plucking Model of Business Cycles

Dupraz, Stephane - 2020

Book / Working Paper

A Plucking Model of Business Cycles

Dupraz, Stéphane - 2019

Book / Working Paper

A Plucking Model of Business Cycles

Dupraz, Stephane - 2019

Book / Working Paper

Can price controls be optimal? : the economics of the energy shocks in Germany

Krebs, Tom; Weber, Isabella - 2024

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to stabilize the economy. Despite its wide adoption, many economists remained skeptical. In this paper, we argue that price controls should be part of the policy toolbox to respond...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529395

Can price controls be optimal? : the economics of the energy shock in Germany

Krebs, Tom; Weber, Isabella - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014545082

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Can price controls be optimal? : the economics of the energy shock in Germany

Krebs, Tom; Weber, Isabella - 2024

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

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://www.econbiz.de, 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

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664819

German economy in Spring 2023 : economy is stabilizing but little momentum going forward

Boysen-Hogrefe, Jens; Groll, Dominik; Hoffmann, Timo; … - 2023

The recovery of the global economy from the Covid crisis came to an end in 2022 amid high energy prices and great uncertainty. While the energy crisis is easing, the effects of monetary policy, which was tightened rather late but then very quickly, are now increasingly weighing on growth. World...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014261261

German economy in summer 2023 : crawling out of the crisis

Boysen-Hogrefe, Jens; Groll, Dominik; Hoffmann, Timo; … - 2023

The renewed decline in GDP in the first quarter and the recent deterioration in leading indicators have increased concerns that the aftermath of the energy crisis and the tightening of monetary policy may weigh more heavily on the economy than expected. However, all in all it is more likely that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014422272

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://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324374

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371913

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

Ko, Dong Gyun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015192600

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

Heimberger, Philipp - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195139

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471431

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474238

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015452004

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015454440

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

Magerman, Glenn; Van Esbroeck, Dieter - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410632

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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015412271

Heterogeneity and macroeconomic state dependence in the spending response to stimulus

Woongchan, Jeon; Walsh, Kieran - 2025

Persistent link: https://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427239

Can fiscal rules improve banking system stability in developing countries?

Coulibaly, Yacouba; Diallo, Askandarou Cheik - 2025

Persistent link: https://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597133

Is monetary and fiscal policy conflict that dire?

Kronick, Jeremy; Petersen, Luba - 2025

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

Discussion of main policy implications

Pirttilä, Jukka; Jouste, Maria; Kanbur, Ravi; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015622889

Manufacturing industry performance and stabilisation policies in South Africa

Hunter, Desiree L.; Tsegaye, Asrat; Kapingura, Forget M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624535

Fiscal policy responses to COVID-19 in Switzerland : a high-frequency dataset on federal and sub-federal policy announcements in the first year of the pandemic

Eichenauer, Vera; Gurtner, Remo; Oguz, Furkan - 2025

The Swiss COVID-19 fiscal policy dataset includes detailed information on all fiscal support policies adopted in Switzerland in response to the COVID-19 pandemic. Covering the period from February 2020 to February 2021, the dataset includes both quantitative and textual information about nine...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626740

The Political Economy of Stimulus Transfers

Vannutelli, Silvia - 2025

Stimulus transfers are widely used during economic downturns, yet they are often poorly targeted from an economic perspective. I show that political incentives might help explain this discrepancy. I study one of the largest stimulus tax credits in Italy which excluded the poorest individuals and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015421924

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The political economy of stimulus transfers

Vannutelli, Silvia - 2025 - This version: June 2025

Edition: This version: June 2025

Book / Working Paper

The coordination of monetary-fiscal policy in South Africa

Mavundla, Amanda; Nyati, Malibongwe Cyprian; Msomi, Simiso - 2025

The importance of policy coordination between fiscal and monetary policy authorities has become more apparent, in the face of unexpected economic shocks and persistent macroeconomic challenges. In this paper, we employ the Set-Theoretic Approach (STA) to explicitly measure the presence of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475218

Classifying limited-move stability cycles in 2 × 2 games

Rêgo, Leandro Chaves; Oliveira, France E. G. de; … - 2025

The 2×2 game is the simplest non-trivial model of strategic interaction: there are two players, each has two strategies, and each has a strict preference ranking over the four possible outcomes. For models of play that depend only on the ranking of the outcomes, the catalog of 2×2 games...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475356

El programa reactiva y sus efectos reales en las empresas peruanas

Céspedes, Nikita; Gonzales-Berrocal, Lesly - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015415819

Hyperinflation and stabilization: the case of Peru 1988-1992

Armas Rivas, Adrián; Quispe Misaico, Zenón - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574562

Government spending, political dynamics, and economic recovery : a cross-national analysis of fiscal resilience

Long, Lou Wen; Rabab, Benemman; Jamil, Muhammad Naveed - 2025

Economic shocks-arising from pandemics, natural disasters, financial crises, or geopolitical conflicts-pose significant challenges to governments, requiring swift and effective fiscal responses. This study employs a Generalized Method of Moments (GMM) estimation to analyze time-series data from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574859

The stability of self-control in unstable times

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

This paper examines the stability of self-control over time using nationally-representative longitudinal data from Australia. We track the same individuals between 2019 and 2023, a period encompassing one of the most disruptive global crisis in recent history: the COVID-19 pandemic. Despite...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533566

Extraordinary measures : the role of debt levels in fiscal policy responses to Covid-19

Elbourne, Adam; Piccillo, Giulia; Velentzas, Konstantinos - 2023

We use SVAR models for 18 economies to estimate how much fiscal policy deviated from pre-pandemic norms during the Covid-19 pandemic. For most countries, fiscal policy was more expansive than the pre-pandemic norm predicts based on the state of the economy during the pandemic. The size of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014444920

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Extraordinary measures : the role of debt levels in fiscal policy responses to Covid-19

Elbourne, Adam; Piccillo, Giulia; Velentzas, Konstantinos - 2025

Book / Working Paper

The economics of helicopter money

Benigno, Pierpaolo; Nisticò, Salvatore - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560910

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The economics of helicopter money

Benigno, Pierpaolo; Nisticò, Salvatore - 2020

Book / Working Paper

The economics of helicopter money

Benigno, Pierpaolo; Nisticò, Salvatore - 2020 - This revision 23 April 2020

Edition: This revision 23 April 2020

Book / Working Paper

Do relief programs compensate for longevity losses from recessions? : evidence from the Great Depression and the new deal

Jou, Ariadna; Morgan, Tommy - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015402961

Supply or demand? : policy makers' confusion in the pesence of hysteresis

Fatás, Antonio; Singh, Sanjay R. - 2022

Policy makers need to separate between temporary demand-driven shocks and permanent shocks in order to design optimal aggregate demand policies. In this paper we study the case of a central bank that ignores the presence of hysteresis when identifying shocks. By assuming that all low-frequency...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013179263