Search Results - "Müller, Gernot J."

The lockdown effect: A counterfactual for Sweden by Born, Benjamin, Dietrich, Alexander M, Müller, Gernot J

“…While most countries imposed a lockdown in response to the first wave of COVID-19 infections, Sweden did not. To quantify the lockdown effect, we approximate a…”
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News and uncertainty about COVID-19: Survey evidence and short-run economic impact by Dietrich, Alexander M., Kuester, Keith, Müller, Gernot J., Schoenle, Raphael

“…•A survey documents that consumer expectations responded quickly to COVID-19.•Consumers expect a large contraction in income due to the COVID-19 shock.•A…”
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The Costs of Economic Nationalism: Evidence from the Brexit Experiment by Born, Benjamin, Müller, Gernot J, Schularick, Moritz, Sedláček, Petr

“…Economic nationalism is on the rise, but at what cost? We study this question using the unexpected outcome of the Brexit referendum vote as a natural…”
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The Coronavirus Stimulus Package: How Large is the Transfer Multiplier by Bayer, Christian, Born, Benjamin, Luetticke, Ralph, Müller, Gernot J

“…Abstract In response to the COVID-19 pandemic, large parts of the economy were locked down and, as a result, households’ income risk rose sharply. At the same…”
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FISCAL STIMULUS WITH SPENDING REVERSALS by Corsetti, Giancarlo, Meier, André, Müller, Gernot J.

“…The short-run effects of fiscal policy depend not only on current tax and spending choices, but also on expectations about future policy adjustment. While…”
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What determines government spending multipliers? by Corsetti, Giancarlo, Meier, André, Müller, Gernot J., Devereux, Michael B.

“…This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as…”
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Sovereign risk and belief-driven fluctuations in the euro area by Corsetti, Giancarlo, Kuester, Keith, Meier, André, Müller, Gernot J.

“…Sovereign risk premia in several euro area countries have risen markedly since 2008, driving up credit spreads in the private sector as well. We propose a New…”
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Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession by Corsetti, Giancarlo, Kuester, Keith, Müller, Gernot J.

“…The zero lower bound problem during the Great Recession has exposed the limits of monetary autonomy, prompting a re-evaluation of the relative benefits of…”
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Global banking and international business cycles by Kollmann, Robert, Enders, Zeno, Müller, Gernot J.

“…This paper incorporates a global bank into a two-country business cycle model. The bank collects deposits from households and makes loans to entrepreneurs, in…”
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Is large-scale rapid CoV-2 testing a substitute for lockdowns? by Diederichs, Marc, Glawion, René, Kremsner, Peter G, Mitze, Timo, Müller, Gernot J, Papies, Dominik, Schulz, Felix, Wälde, Klaus

“…Various forms of contact restrictions have been adopted in response to the Covid-19 pandemic. Around February 2021, rapid testing appeared as a new policy…”
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Debt Consolidation and Fiscal Stabilization of Deep Recessions by Corsetti, Giancarlo, Kuester, Keith, Meier, André, Müller, Gernot J.

“…In this paper, we consider the complication arising in deep recessions when monetary policy is constrained in cutting policy rates by the zero lower bound…”
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Deleveraging, deflation and depreciation in the euro area by Kuvshinov, Dmitry, Müller, Gernot J., Wolf, Martin

“…During the post-crisis period, economic performance has been highly heterogenous across the euro area. While some economies rebounded quickly after the 2009…”
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Has the Euro changed the business cycle? by Enders, Zeno, Jung, Philip, Müller, Gernot J.

“…In contrast to the notion that the exchange-rate regime is non-neutral, there is little evidence that EMU has systematically changed the European business…”
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Productivity shocks, budget deficits and the current account by Bussière, Matthieu, Fratzscher, Marcel, Müller, Gernot J.

“…Productivity shocks and budget deficits are considered to be two key determinants of the current account. In order to assess formally the role of both factors…”
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What Accounts for the Changes in U.S. Fiscal Policy Transmission? by BILBIIE, FLORIN O., MEIER, ANDRÉ, MÜLLER, GERNOT J.

“…Using vector autoregressions on U.S. time series for 1957-79 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption,…”
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On the international transmission of technology shocks by Enders, Zeno, Müller, Gernot J.

“…Using vector autoregressions on U.S. time series and an aggregate of industrialized countries, we find that technology shocks appreciate the terms of trade and…”
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Understanding the dynamic effects of government spending on foreign trade by Müller, Gernot J.

“…Using Vector Autoregressions on U.S. time series, the present paper documents the effects of fiscal policy on foreign trade: an increase in government spending…”
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Monetary policy announcements and expectations: Evidence from german firms by Enders, Zeno, Hünnekes, Franziska, Müller, Gernot J.

“…We assess empirically whether monetary policy announcements impact firm expectations. Two features of our data set are key. First, we rely on a survey of…”
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Global risk and the dollar by Georgiadis, Georgios, Müller, Gernot J., Schumann, Ben

“…The dollar is a safe-haven currency and appreciates when global risk goes up. We investigate the dollar’s role for the transmission of global risk to the world…”
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Habit formation and fiscal transmission in open economies by Cardi, Olivier, Müller, Gernot J.

“…In this paper we analyze the ability of an open economy version of the neoclassical model to account for the time-series evidence on fiscal policy…”
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