The Experts below are selected from a list of 231573 Experts worldwide ranked by ideXlab platform
Mark W Watson - One of the best experts on this subject based on the ideXlab platform.
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systematic monetary Policy and the effects of oil price shocks
Brookings Papers on Economic Activity, 1997Co-Authors: Ben S Bernanke, Mark Gertler, Mark W WatsonAbstract:Macroeconomic shocks such as wil price increases induce a systematic (endogenous) Response of monetary Policy. We develop a VAR-based technique for decomposing the total economic effects of a given exogenous shock into the portion attributable directly to the shock and the part arising from the Policy Response to the shock.
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systematic monetary Policy and the effects of oil price shocks
Brookings Papers on Economic Activity, 1997Co-Authors: Ben S Bernanke, Mark Gertler, Mark W WatsonAbstract:Macroeconomic shocks such as wil price increases induce a systematic (endogenous) Response of monetary Policy. We develop a VAR-based technique for decomposing the total economic effects of a given exogenous shock into the portion attributable directly to the shock and the part arising from the Policy Response to the shock.(This abstract was borrowed from another version of this item.)
Peterson K Ozili - One of the best experts on this subject based on the ideXlab platform.
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covid 19 in africa socio economic impact Policy Response and opportunities
Social Science Research Network, 2020Co-Authors: Peterson K OziliAbstract:This study analyses the COVID-19 situation in Africa and discuss the socioeconomic impact, Policy Response and opportunities. The COVID-19 (coronavirus) pandemic which has affected the global economy has also affected the African economy through spillovers to African countries. Many African countries have taken bold quarantine and lockdown measures to control the spread of COVID-19 although this has come at a cost such as the collapse of health systems and a painful economic crisis or recession. A coordinated and bold Response by African authorities is needed. First, public funds should be provided to improve the capacity of health systems in African countries. Second, financial support should be provided to individuals, entrepreneurs and corporations to help them cope with the adverse effect of the coronavirus crisis. Third, employers should be granted incentives to preserve employment during the crisis to avoid mass layoff of workers. Four, the Central bank in African countries should provide liquidity and credit support as well as asset purchase programs to prevent credit and liquidity crunch in domestic financial markets. Finally, social authorities in African countries should ensure that people in small communities have access to effective communication systems to enhance remote social interaction between community members, family and friends during the crisis.
Menelaos Markakis - One of the best experts on this subject based on the ideXlab platform.
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the eu fiscal economic and monetary Policy Response to the covid 19 crisis
Social Science Research Network, 2020Co-Authors: Paul Dermine, Menelaos MarkakisAbstract:In this contribution, we assess the main measures, already taken or currently contemplated by the EU, in reaction to the COVID-19 crisis to mitigate its impact on Eurozone economies. The discussion begins with the recent monetary Policy decisions taken by the ECB (1). The focus then shifts to the strategy deployed on the economic and fiscal side. We analyze (2) the coordination of national fiscal Responses and their accommodation under the rules of the Stability and Growth Pact, (3) the role of the European Stability Mechanism, and (4) joint debt instruments.
Ben S Bernanke - One of the best experts on this subject based on the ideXlab platform.
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systematic monetary Policy and the effects of oil price shocks
Brookings Papers on Economic Activity, 1997Co-Authors: Ben S Bernanke, Mark Gertler, Mark W WatsonAbstract:Macroeconomic shocks such as wil price increases induce a systematic (endogenous) Response of monetary Policy. We develop a VAR-based technique for decomposing the total economic effects of a given exogenous shock into the portion attributable directly to the shock and the part arising from the Policy Response to the shock.
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systematic monetary Policy and the effects of oil price shocks
Brookings Papers on Economic Activity, 1997Co-Authors: Ben S Bernanke, Mark Gertler, Mark W WatsonAbstract:Macroeconomic shocks such as wil price increases induce a systematic (endogenous) Response of monetary Policy. We develop a VAR-based technique for decomposing the total economic effects of a given exogenous shock into the portion attributable directly to the shock and the part arising from the Policy Response to the shock.(This abstract was borrowed from another version of this item.)
Michael D Bradley - One of the best experts on this subject based on the ideXlab platform.
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oil prices and the fiscal Policy Response in oil exporting countries
Journal of Policy Modeling, 2012Co-Authors: Amany El A Anshasy, Michael D BradleyAbstract:Abstract This paper empirically investigates the role that oil prices play in determining fiscal Policy in oil-exporting countries. We derive and estimate a fiscal Policy equation that links government spending not only to oil price shocks, but also to oil price volatility and the skewness of oil price changes. We find that in the long run, higher oil prices induce larger government size. In the short run, however, government expenditures rise less than proportionately to the increase in oil revenues, reflecting increasing prudence in fiscal Policy in oil producing countries. This result is robust to using a variety of specifications of the oil price shock, and to using different sample periods.
