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pro vyhledávání: '"Peter Claeys"'
Transmission of uncertainty shocks: Learning from heterogeneous responses on a panel of EU countries
Autor:
Peter Claeys, Bořek Vašíček
Publikováno v:
International Review of Economics & Finance. 64:62-83
Numerous recent studies, starting with Bloom (2009), highlight the impact of varying uncertainty levels on economic activity. These studies mostly focus on individual countries, and cross-country evidence is scarce. In this paper, we use a set of (pa
Publikováno v:
Journal of Economic Integration
Journal of Economic Integration, Center for Economic Integration, Sejong Institution, Sejong University, 2021, 36 (1), pp.65-71. ⟨10.11130/jei.2021.36.1.65⟩
Journal of Economic Integration, Center for Economic Integration, Sejong Institution, Sejong University, 2021, 36 (1), pp.65-71. ⟨10.11130/jei.2021.36.1.65⟩
International audience
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::52ac3b986b6791bbc08bdd3fa6e9853d
https://hal-univ-orleans.archives-ouvertes.fr/hal-03537487
https://hal-univ-orleans.archives-ouvertes.fr/hal-03537487
Publikováno v:
Fiscal Studies. 38:301-330
Fiscal rules are necessary to protect monetary policy from the consequences of unsustainable or active fiscal policy on inflation. Monetary unions, like the EMU, require even stronger fiscal rules to avoid free riding by regional fiscal authorities o
Autor:
Peter Claeys
Publikováno v:
Ensayos sobre Política Económica. 35:64-77
Se argumenta que los episodios de incertidumbre causan caidas aceleradas de la actividad economica. Los comportamientos de «esperar y ver» y de aversion al riesgo, junto con otras fricciones, pueden originar que los periodos de incremento de la inc
Publikováno v:
Journal of Policy Modeling. 38:199-225
This paper compares the macroeconomic impact of conventional and unconventional ECB policy actions on the euro area and its spillover to six EU countries outside the euro area (the Czech Republic, Denmark, Hungary, Poland, Sweden and the UK). The com
Autor:
Peter Claeys, Bořek Vašíček
Publikováno v:
The Journal of Network Theory in Finance. 1:27-72
Using the generalized value-at-risk method of Diebold and Yilmaz in their 2009 paper “Measuring financial asset return and volatility spillovers, with application to global equity markets” to measure the degree of spillover, we propose a metric f
This paper assesses how forecasting experts form their expectations about future government bond spreads. Using monthly survey forecasts for France, Italy and the United Kingdom between January 1993 and October 2014, we test whether respondents consi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4c9ef88ab195b80aed6edf6e3aa394bb
https://hdl.handle.net/20.500.14017/6acc4ba1-1b10-47ab-9ec2-59608d56c847
https://hdl.handle.net/20.500.14017/6acc4ba1-1b10-47ab-9ec2-59608d56c847
Autor:
Peter Claeys
Publikováno v:
Romanian Journal of Fiscal Policy, Vol 6, Iss 1(10), Pp 17-27 (2016)
Indicators of government activity must be carefully designed to be relevant, credible and accountable. Frustration with reform pressures suggests that measures of policy activity are not providing accurate information. In fact, indicators of product
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::1d676cc1a6cfff4a8a9436684067cb1b
https://biblio.vub.ac.be/vubir/on-measuring-structural-reform(e1b9f907-bf77-4442-ac94-31d9b4ae5120).html
https://biblio.vub.ac.be/vubir/on-measuring-structural-reform(e1b9f907-bf77-4442-ac94-31d9b4ae5120).html
Autor:
Alessandro Maravalle, Peter Claeys
Publikováno v:
Journal of Policy Modeling. 34:735-754
The PIGS countries have suffered economic instability and fiscal havoc in the aftermath of the Financial Crisis. We argue this is the consequence of pursuing procyclical fiscal policies. We add a fiscal rule, which varies public spending with the cyc
Publikováno v:
Economic Modelling. 29:48-59
It is commonly believed that higher budget deficits raise interest rates. However, these crowding out effects of increasing public debt have usually been found to be small or non-existent. One explanation is that on globalised bond markets interest r