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Displaying results 1 to 6 of 6.

  1. Monetary-fiscal crosswinds in the european monetary union
    Author: Reichlin, Lucrezia; Ricco, Giovanni; Tarbé, Matthieu
    Published: [2022]
    Publisher:  University of Warwick, Department of Economics, Coventry, United Kingdom

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 623
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Warwick economics research papers ; no: 1432 (October 2022)
    Subjects: monetary-fiscal interaction; fiscal policy; monetary policy; intertem-poral government budget constraint
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  2. Monetary and fiscal complementarity in the Covid-19 pandemic
    Author: Chadha, Jagjit; Corrado, Luisa; Meaning, Jack; Schuler, Tobias
    Published: [2021]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    In response to the coronavirus (Covid-19) pandemic, there has been a complementary approach to monetary and fiscal policy in the United States with the Federal Reserve System purchasing extraordinary quantities of securities and the government... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    In response to the coronavirus (Covid-19) pandemic, there has been a complementary approach to monetary and fiscal policy in the United States with the Federal Reserve System purchasing extraordinary quantities of securities and the government running a deficit of some 17% of projected GDP. The Federal Reserve pushed the discount rate close to zero and stabilised financial markets with emergency liquidity provided through a new open-ended long-term asset purchase programme. To capture the interventions, we develop a model in which the central bank uses reserves to buy much of the huge issuance of government bonds and this offsets the impact of shutdowns and lockdowns in the real economy. We show that these actions reduced lending costs and amplified the impact of supportive fiscal policies. We then run a counterfactual analysis which suggests that if the Federal Reserve had not intervened to such a degree, the economy may have experienced a significantly deeper contraction as a result from the Covid-19 pandemic.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289948111
    Other identifier:
    hdl: 10419/246165
    Series: Working paper series / European Central Bank ; no 2588 (September 2021)
    Subjects: Coronavirus; Schock; Stabilisierungspolitik; Geldpolitik; Finanzpolitik; Wirkungsanalyse; USA; Covid-19; monetary-fiscal interaction; non-conventional monetary policy; quantitative easing
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  3. Joined at the hip: monetary and fiscal policy in a liquidity-dependent world
    Author: Calvo, Guillermo; Velasco, Andrés
    Published: 2021
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 546
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 967 (October 2021)
    Subjects: Finanzpolitik; Geldpolitik; Liquidität; Öffentliche Anleihe; Preisrigidität; Monetary policy; fiscal policy; monetary-fiscal interaction
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  4. Monetary-fiscal crosswinds in the European Monetary Union
    Author: Reichlin, Lucrezia; Ricco, Giovanni; Tarbé, Matthieu
    Published: 2021
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 546
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 940 (May 2021)
    Subjects: monetary-fiscal interaction; fiscal policy; monetary policy; intertemporal government budget constraint
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  5. The ECB and the cost of independence
    unearthing a new doom-loop in the European Monetary Union
    Author: Marozzi, Armando
    Published: [2021]
    Publisher:  BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Università Bocconi, Milano, Italy

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 666
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Bocconi ; n. 152 (January 2021)
    Subjects: ECB; monetary-fiscal interaction; CBI; unconventional monetary policy; EMU; fiscal communication
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  6. Monetary-fiscal interaction and the liquidity of government debt
    Author: Cantore, Cristiano; Leonardi, Edoardo
    Published: January 2024
    Publisher:  [London School of Economics and Political Science], [London, UK]

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [CFM discussion paper series] ; [CFM-DP 2024, 06]
    Subjects: monetary-fiscal interaction; liquidity; government debt; HANK
    Scope: 1 Online-Ressource (circa 34 Seiten)