The macroeconomic effects of tax changes: Evidence using real-time data for the European Union
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DOI: 10.1016/j.econmod.2020.03.007
Abstract: Abstract This paper examines the macroeconomic effects of tax changes in the European Union between 2000 and 2016. The novelty of our approach hinges on the use of real-time estimates of discretionary fiscal adjustments. In… read more here.
Keywords: tax; macroeconomic effects; tax changes; european union ... See more keywords
Macroeconomic effects of maternity leave legislation in emerging economies
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DOI: 10.1016/j.econmod.2021.105497
Abstract: Abstract This study evaluates the relationships between maternity leave duration, female and male labor force participation, and macroeconomic productivity in emerging countries. We build a comprehensive maternity leave data set for a panel of emerging… read more here.
Keywords: effects maternity; macroeconomic effects; maternity; labor force ... See more keywords
Macroeconomic effects of structural reforms and fiscal consolidations: Trade-offs and complementarities
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DOI: 10.1016/j.ejpoleco.2016.08.010
Abstract: This paper studies the impact of product and labour market structural reforms and the effects of their joint implementation with alternative debt consolidation strategies. The set-up is a dynamic general equilibrium model calibrated for the… read more here.
Keywords: consolidations trade; macroeconomic effects; effects structural; structural reforms ... See more keywords
The macroeconomic effects of ambitious energy efficiency policy in Germany – Combining bottom-up energy modelling with a non-equilibrium macroeconomic model
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DOI: 10.1016/j.energy.2017.02.077
Abstract: Energy efficiency is one of the fastest and most cost-effective contributions to a sustainable, secure and affordable energy system. Furthermore, the so-called “non-energy benefits”, “co-benefits” or “multiple benefits” of energy efficiency are receiving increased interest… read more here.
Keywords: macroeconomic effects; energy efficiency; efficiency policy; energy ... See more keywords
Macroeconomic effects and frailties in the resolution of non-performing loans
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DOI: 10.1016/j.jbankfin.2017.09.008
Abstract: Resolution of non-performing loans is a key determinant of bank credit default losses. This paper analyzes macroeconomic and systematic frailty effects of the default resolution time for a sample of 17,395 defaulted bank loans in… read more here.
Keywords: non performing; macroeconomic effects; effects frailties; performing loans ... See more keywords
When complexity meets finance: A contribution to the study of the macroeconomic effects of complex financial systems
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DOI: 10.1016/j.respol.2020.103990
Abstract: In the last decade, complexity economics has emerged as a powerful approach to the understanding of the most relevant factors influencing economic development. The concept of economic complexity has been applied to the study of… read more here.
Keywords: finance; complex financial; macroeconomic effects; study ... See more keywords
Macroeconomic Effects of Government Spending: The Great Recession was (Really) Different
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DOI: 10.1111/jmcb.12558
Abstract: We estimate the effect of government spending shocks on the US economy with a time-varying parameter vector autoregression. The recent Great Recession period appears to be characterized by uniquely large impulse responses of output to… read more here.
Keywords: macroeconomic effects; great recession; government spending; government ... See more keywords
Evaluating the Macroeconomic Effects of the ECB's Unconventional Monetary Policies
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DOI: 10.1111/jmcb.12628
Abstract: We quantify the macroeconomic effects of the European Central Bank’s unconventional monetary policies using a DSGE model which includes a set of shadow interest rates. Extracted from the yield curve, these shadow rates provide unconstrained… read more here.
Keywords: monetary policies; macroeconomic effects; evaluating macroeconomic; unconventional monetary ... See more keywords