scholarly journals Fiscal Policy and the Great Recession in the Euro Area

2012 ◽  
Vol 102 (3) ◽  
pp. 71-76 ◽  
Author(s):  
Günter Coenen ◽  
Roland Straub ◽  
Mathias Trabandt
Keyword(s):  
Time Series ◽  
Fiscal Policy ◽  
Euro Area ◽  
Great Recession ◽  
Gdp Growth ◽  
Extended Version ◽  
The Great Recession ◽  
European Central ◽  
Real Gdp ◽  
Percentage Points

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that discretionary fiscal measures have increased annualized quarterly real GDP growth during the crisis by up to 1.6 percentage points. We obtain our result by using an extended version of the European Central Bank's New Area-Wide Model with a rich specification of the fiscal sector. A detailed modeling of the fiscal sector and the incorporation of as many as eight fiscal time series appear pivotal for our result.

scholarly journals Fiscal policy and the Great Recession in the Euro Area

2012 ◽  
Author(s):  
Günter Coenen ◽  
Roland Straub ◽  
Mathias Trabandt
Keyword(s):  
Fiscal Policy ◽  
Euro Area ◽  
Great Recession ◽  
The Great Recession

scholarly journals Fiscal Policy and Aggregate Demand in the U.S. Before, During and Following the Great Recession

2017 ◽  
Vol 2017 (061) ◽  
Author(s):  
David Cashin ◽  
◽  
Jamie Lenney ◽  
Byron Lutz ◽  
William Peterman ◽  
...  
Keyword(s):  
Fiscal Policy ◽  
Great Recession ◽  
Aggregate Demand ◽  
The Great Recession ◽  
The U.S

Air Pollution and Trade: The Case of China

2021 ◽  
Vol 16 (2) ◽  
pp. 307-346
Author(s):  
Jin Qin ◽  
◽  
Ivan T. Kandilov ◽  
Roger H. von Haefen ◽  
◽  
...  
Keyword(s):  
Air Pollution ◽  
Sulfur Dioxide ◽  
Great Recession ◽  
Fine Particulate Matter ◽  
Annual Data ◽  
Exogenous Shock ◽  
The Great Recession ◽  
Sulfur Dioxide Emissions ◽  
Percentage Points ◽  
Emissions Intensity

We estimate the effects of trade on air pollution in China. To address endogeneity concerns, we use an instrumental variable strategy that treats the Great Recession as an exogenous shock that differentially affected China’s coastal provinces, which export a greater volume of manufacturing as they are closer to navigable waters. In our empirical analysis, we employ annual data on emissions of sulfur dioxide as well as smoke and dust at the province level from 2003 to 2015 to measure air pollution intensity (the ratio of air pollution to GDP), and we also use fine particulate matter (PM2.5) concentrations data derived from satellite imagery as a robustness check. We find that a decrease in trade intensity (the ratio of trade to GDP) by 10 percentage points (a negative trade shock similar to what occurred during the Great Recession) increases sulfur dioxide emissions intensity by about 38 percentage points. Emissions of the other two air pollutants grow by similar proportions.

scholarly journals Household heterogeneity in the euro area since the onset of the Great Recession

2016 ◽  
Vol 38 (1) ◽  
pp. 181-197 ◽  
Author(s):  
Miguel Ampudia ◽  
Akmaral Pavlickova ◽  
Jiri Slacalek ◽  
Edgar Vogel
Keyword(s):  
Euro Area ◽  
Great Recession ◽  
The Great Recession ◽  
Household Heterogeneity
Sign in / Sign up

Export Citation Format

Share Document