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Juha Tervala

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Tervala, Juha, 2014. "Teaching business cycles with the IS-TR model," MPRA Paper 58992, University Library of Munich, Germany.

    Mentioned in:

    1. Links for 10-23-14
      by Mark Thoma in Economist's View on 2014-10-23 05:06:00

Working papers

  1. Timothy Watson & Juha Tervala, 2022. "Building the Education Revolution: The Employment Effects of Fiscal Stimulus in Australia ," CAMA Working Papers 2022-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Zou, Yanchi, 2024. "The impact of fiscal stimulus on employment: Evidence from China’s four-trillion RMB package," Economic Modelling, Elsevier, vol. 131(C).

  2. Timothy Watson & Juha Tervala & Tristram Sainsbury, 2022. "The JobKeeper payment: How good are wage subsidies?," CAMA Working Papers 2022-36, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Jeff Borland & Jennifer Hunt, 2023. "JobKeeper: An Initial Assessment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(1), pages 109-123, March.
    2. Robert Breunig & Tristram Sainsbury, 2023. "Too Much of a Good Thing? Australian Cash Transfer Replacement Rates During the Pandemic," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(1), pages 70-90, March.
    3. Timothy Watson & Paul Buckingham, 2023. "Australian Government COVID‐19 Business Supports," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(1), pages 124-140, March.
    4. Jeff Borland, 2023. "Introduction," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(1), pages 61-69, March.

  3. Timothy Watson & Juha Tervala, 2021. "Hysteresis and full employment in a small open economy," CAMA Working Papers 2021-46, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).

  4. Tervala, Juha, 2020. "Hysteresis and the Welfare Costs of Business Cycles," MPRA Paper 99758, University Library of Munich, Germany.

    Cited by:

    1. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    2. Ivan Mendieta-Muñoz, 2024. "Time-varying investment dynamics in the USA," Working Paper Series, Department of Economics, University of Utah 2024_01, University of Utah, Department of Economics.
    3. Koray Yıldırım & Neşe Algan & Harun Bal, 2024. "Investment Hysteresis: An Empirical Essay Turkish Case," Evaluation Review, , vol. 48(1), pages 143-176, February.
    4. Paternesi Meloni, Walter & Romaniello, Davide & Stirati, Antonella, 2022. "Inflation and the NAIRU: assessing the role of long-term unemployment as a cause of hysteresis," Economic Modelling, Elsevier, vol. 113(C).
    5. Kovalenko, Tim & Töpfer, Marina, 2021. "Cyclical dynamics and the gender pay gap: A structural VAR approach," Economic Modelling, Elsevier, vol. 99(C).
    6. Robert Calvert Jump & Paul Levine, 2021. "Hysteresis in the New Keynesian three equation model," School of Economics Discussion Papers 0821, School of Economics, University of Surrey.
    7. Larch, Martin & Claeys, Peter & Van Der Wielen, Wouter, 2022. "The scarring effects of major economic downturns: The role of fiscal policy and government investment," EIB Working Papers 2022/14, European Investment Bank (EIB).

  5. Philipp Engler & Juha Tervala, 2016. "Welfare Effects of TTIP in a DSGE Model," Discussion Papers of DIW Berlin 1625, DIW Berlin, German Institute for Economic Research.

    Cited by:

    1. Josef Bajzik & Tomas Havranek & Zuzana Irsova & Jiri Schwarz, 2019. "Estimating the Armington Elasticity: The Importance of Data Choice and Publication Bias," Working Papers IES 2019/19, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2019.
    2. Milan Bednář, 2019. "Obchodně-politické překážky vývozu zboží z Evropské unie do USA: význam liberalizace obchodních toků [Trade Policy Barriers to Imports of EU Goods to the USA: Importance of Liberalization of Trade ," Politická ekonomie, Prague University of Economics and Business, vol. 2019(3), pages 231-252.
    3. Bajzik, Josef & Havranek, Tomas & Irsova, Zuzana & Schwarz, Jiri, 2020. "Estimating the Armington elasticity: The importance of study design and publication bias," Journal of International Economics, Elsevier, vol. 127(C).
    4. Bajzik, Jozef & Havranek, Tomas & Irsova, Zuzana & Schwarz, Jiri, 2019. "The Elasticity of Substitution between Domestic and Foreign Goods: A Quantitative Survey," EconStor Preprints 200207, ZBW - Leibniz Information Centre for Economics.

  6. Philipp Engler & Juha Tervala, 2016. "Hysteresis and Fiscal Policy," Discussion Papers of DIW Berlin 1631, DIW Berlin, German Institute for Economic Research.

    Cited by:

    1. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    2. Giovanni Ganelli & Juha Tervala, 2020. "Welfare Multiplier of Public Investment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 390-420, June.
    3. Antonio Fatás & Lawrence H. Summers, 2017. "The Permanent Effects of Fiscal Consolidations," NBER Chapters, in: NBER International Seminar on Macroeconomics 2017, National Bureau of Economic Research, Inc.
    4. Sebastian Gechert, 2023. "Fiscal policy: post- or New Keynesian?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 20(2), pages 338-355, November.
    5. Miguel Leon-Ledesma & Katsuyuki Shibayama, 2023. "(Endogenous) Growth Slowdowns," Studies in Economics 2303, School of Economics, University of Kent.
    6. d’Alessandro, Antonello & Fella, Giulio & Melosi, Leonardo, 2018. "Fiscal stimulus with learning-by-doing," LSE Research Online Documents on Economics 90376, London School of Economics and Political Science, LSE Library.
    7. Lechthaler, Wolfgang & Tesfaselassie, Mewael F., 2020. "Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment," Kiel Working Papers 2162, Kiel Institute for the World Economy (IfW Kiel).
    8. Ivan Mendieta-Muñoz, 2024. "Time-varying investment dynamics in the USA," Working Paper Series, Department of Economics, University of Utah 2024_01, University of Utah, Department of Economics.
    9. Luke Petach & Daniele Tavani, 2021. "Aggregate Demand Externalities, Income Distribution, and Wealth Inequality," FMM Working Paper 66-2021, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    10. Boitani, Andrea & Punzo, Chiara, 2019. "Banks’ leverage behaviour in a two-agent new Keynesian model," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 347-359.
    11. Christopher L. House & Christian Proebsting & Linda L. Tesar, 2019. "Austerity in the Aftermath of the Great Recession," Working Papers 672, Research Seminar in International Economics, University of Michigan.
    12. Koray Yıldırım & Neşe Algan & Harun Bal, 2024. "Investment Hysteresis: An Empirical Essay Turkish Case," Evaluation Review, , vol. 48(1), pages 143-176, February.
    13. Robert Calvert Jump & Engelbert Stockhammer, 2019. "Reconsidering the natural rate hypothesis," FMM Working Paper 45-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    14. Tervala, Juha, 2021. "Hysteresis and the welfare costs of recessions," Economic Modelling, Elsevier, vol. 95(C), pages 136-144.
    15. Qiang Xu & Qianqian Hu & Tachia Chin & Chen Chen & Yi Shi & Jianxin Xu, 2019. "How Supply Chain Integration Affects Innovation in a Digital Age: Moderating Effects of Sustainable Policy," Sustainability, MDPI, vol. 11(19), pages 1-17, October.
    16. Robert Calvert Jump & Paul Levine, 2021. "Hysteresis in the New Keynesian three equation model," School of Economics Discussion Papers 0821, School of Economics, University of Surrey.
    17. Elfsbacka-Schmöller, Michaela & McClung, Nigel, 2024. "Can growth stabilize debt? A fiscal theory perspective," Bank of Finland Research Discussion Papers 2/2024, Bank of Finland, revised 2024.
    18. Lechthaler, Wolfgang & Tesfaselassie, Mewael F., 2021. "Endogenous growth, skill obsolescence and fiscal multipliers," Kiel Working Papers 2184, Kiel Institute for the World Economy (IfW Kiel).
    19. Schmöller, Michaela, 2022. "Endogenous technology, scarring and fiscal policy," Bank of Finland Research Discussion Papers 13/2022, Bank of Finland.
    20. Larch, Martin & Claeys, Peter & Van Der Wielen, Wouter, 2022. "The scarring effects of major economic downturns: The role of fiscal policy and government investment," EIB Working Papers 2022/14, European Investment Bank (EIB).
    21. Jean-Marc Fournier & Philipp Lieberknecht, 2020. "A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance," IMF Working Papers 2020/033, International Monetary Fund.

  7. Mr. Giovanni Ganelli & Juha Tervala, 2016. "The Welfare Multiplier of Public Infrastructure Investment," IMF Working Papers 2016/040, International Monetary Fund.

    Cited by:

    1. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    2. Schreiner, Lena & Madlener, Reinhard, 2022. "Investing in power grid infrastructure as a flexibility option: A DSGE assessment for Germany," Energy Economics, Elsevier, vol. 107(C).
    3. Jean-Marc Fournier, 2016. "The Positive Effect of Public Investment on Potential Growth," OECD Economics Department Working Papers 1347, OECD Publishing.
    4. Gilles Le Garrec & Vincent Touzé, 2020. "Le multiplicateur d'investissement public," Working Papers hal-03370444, HAL.
    5. Philipp Engler & Juha Tervala, 2016. "Hysteresis and Fiscal Policy," Discussion Papers of DIW Berlin 1631, DIW Berlin, German Institute for Economic Research.
    6. Sawadogo, Pegdéwendé Nestor, 2020. "Can fiscal rules improve financial market access for developing countries?," Journal of Macroeconomics, Elsevier, vol. 65(C).
    7. Tovar Jalles, João & Park, Donghyun & Qureshi, Irfan, 2024. "Public and Private Investment as Catalysts for Growth: An analysis of emerging markets and developing economies with a focus on Asia," Journal of International Money and Finance, Elsevier, vol. 148(C).
    8. Andreea Ocolișanu & Gabriela Dobrotă & Dan Dobrotă, 2022. "The Effects of Public Investment on Sustainable Economic Growth: Empirical Evidence from Emerging Countries in Central and Eastern Europe," Sustainability, MDPI, vol. 14(14), pages 1-25, July.
    9. Jalles, João Tovar & Park , Donghyun & Qureshi, Irfan, 2024. "Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia," ADB Economics Working Paper Series 737, Asian Development Bank.
    10. Mattia Osvaldo Picarelli & Willem Vanlaer & Wim Marneffe, 2019. "Does Public Debt Produce a Crowding Out Effect for Public Investment in the EU?," Working Papers 36, European Stability Mechanism.
    11. A. O. Baranov & A. V. Goreev, 2022. "Analysis of the Multiplier Effects Produced by Investment in a Dynamic Input–Output Model," Studies on Russian Economic Development, Springer, vol. 33(6), pages 687-696, December.
    12. Masten, Igor & Grdović Gnip, Ana, 2019. "Macroeconomic effects of public investment in South-East Europe," Journal of Policy Modeling, Elsevier, vol. 41(6), pages 1179-1194.
    13. Patrice Ollivaud, 2017. "Improving the allocation and efficiency of public spending in Indonesia," OECD Economics Department Working Papers 1381, OECD Publishing.
    14. Juan Carlos Moreno-Brid & Noel Pérez-Benítez & Héctor J. Villarreal, 2016. "Austerity in Mexico: Economic Impacts and Unpleasant Choices Ahead," World Economic Review, World Economics Association, vol. 2016(7), pages 56-68, July.
    15. Panagiotis Barkas & Mauro Pisu, 2018. "Boosting investment in Greece," OECD Economics Department Working Papers 1506, OECD Publishing.
    16. Chunbing Cai & Jordan Roulleau-Pasdeloup, 2023. "Simple Analytics of the Government Investment Multiplier," Papers 2302.11212, arXiv.org, revised Sep 2023.
    17. Schreiner, Lena & Madlener, Reinhard, 2021. "A pathway to green growth? Macroeconomic impacts of power grid infrastructure investments in Germany," Energy Policy, Elsevier, vol. 156(C).
    18. Mitsi Dimitra, 2021. "Does the Quality of Fiscal Institutions Matter for Fiscal Performance? A Panel Data Analysis of European Countries," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(1), pages 1-33, January.

  8. Mr. Giovanni Ganelli & Juha Tervala, 2015. "Value of WTO Trade Agreements in a New Keynesian Model," IMF Working Papers 2015/037, International Monetary Fund.

    Cited by:

    1. Sun, Ting & Bian, Xuezi & Liu, Jianxu & Wang, Rui & Sriboonchitta, Songsak, 2023. "The economic and social effects of skill mismatch in China: A DSGE model with skill and firm heterogeneity," Economic Modelling, Elsevier, vol. 125(C).
    2. Gnangnon, Sèna Kimm, 2022. "Duration of WTO Membership and Investment-Oriented Remittances Flows," EconStor Preprints 251274, ZBW - Leibniz Information Centre for Economics.
    3. Ferrari, Alessandro, 2023. "Losers amongst the Losers:," Research in Economics, Elsevier, vol. 77(1), pages 34-59.
    4. Engler, Philipp & Tervala, Juha, 2016. "Welfare effects of TTIP in a DSGE model," Discussion Papers 2016/17, Free University Berlin, School of Business & Economics.
    5. David Rosnick, 2015. "The Gains from Trade in a New Model from the IMF: Still Very Small," CEPR Reports and Issue Briefs 2015-10, Center for Economic and Policy Research (CEPR).
    6. Gnangnon, Sèna Kimm, 2023. "Duration of membership in the world trade organization and investment-oriented remittances inflows," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 258-277.
    7. Sewon Hur, 2018. "The Lost Generation of the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 179-202, October.
    8. Michael Regan, 2017. "Capital Markets, Infrastructure Investment and Growth in the Asia Pacific Region," IJFS, MDPI, vol. 5(1), pages 1-28, February.

  9. Engler, Philipp & Ganelli, Giovanni & Tervala, Juha & Voigts, Simon, 2014. "Fiscal devaluation in a monetary union," SFB 649 Discussion Papers 2014-011, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Patureau, Lise & Poilly, Céline, 2019. "Reforms and the real exchange rate: The role of pricing-to-market," Journal of International Economics, Elsevier, vol. 119(C), pages 150-168.
    2. Dräger, Lena & Proaño, Christian R., 2015. "Cross-border banking and business cycles in asymmetric currency unions," BERG Working Paper Series 105, Bamberg University, Bamberg Economic Research Group.
    3. Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2016. "German labor market and fiscal reforms 1999–2008: Can they be blamed for intra-euro area imbalances?," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 307-324.
    4. Stéphane Auray & Aurélien Eyquem & Xiaofei Ma, 2017. "Competitive tax reforms in a monetary union with endogenous entry and tradability," Post-Print halshs-01661046, HAL.
    5. Christoph Kaufmann, 2016. "Optimal Fiscal Substitutes for the Exchange Rate in a Monetary Union," Working Paper Series in Economics 86, University of Cologne, Department of Economics.
    6. Martine Carré & Clément Carbonnier & Pascal Belan, 2021. "Fiscal Devaluation with Endogenous Markups: Productivity and Welfare," Post-Print hal-03550874, HAL.
    7. Bielecki, Marcin & Stähler, Nikolai, 2018. "Labor tax reductions in Europe: The role of property taxation," Discussion Papers 30/2018, Deutsche Bundesbank.
    8. von Thadden, Leopold & Lipinska, Anna, 2013. "On the (In)effectiveness of Fiscal Devaluations in a Monetary Union," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80038, Verein für Socialpolitik / German Economic Association.
    9. Christian Keuschnigg & Julian Johs & Jacob Stevens, 2021. "Consolidating the Covid Debt," CESifo Working Paper Series 9497, CESifo.
    10. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2021. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy: An assessment with EMuSe," Discussion Papers 50/2021, Deutsche Bundesbank.
    11. Lukas Vogel, 2015. "Stabilisation and Rebalancing with Fiscal or Monetary Devaluation: A Model-Based Comparison," CESifo Working Paper Series 5625, CESifo.
    12. Mario Holzner & Marina Tkalec & Goran Vukšić, 2019. "Composition of trade flows and the effectiveness of fiscal devaluation," The World Economy, Wiley Blackwell, vol. 42(2), pages 453-477, February.
    13. Stähler, Nikolai, 2019. "Who benefits from using property taxes to finance a labor tax wedge reduction?," Journal of Housing Economics, Elsevier, vol. 46(C).
    14. Ivens, Annika, 2018. "Fiscal devaluation in the Euro area: The role of rigidities, non-tradables, and social security contributions," Journal of International Money and Finance, Elsevier, vol. 87(C), pages 62-81.
    15. Vukšić, Goran & Holzner, Mario, 2016. "Trade and fiscal imbalances in Southeastern Europe: Can fiscal devaluation help?," Economic Systems, Elsevier, vol. 40(4), pages 568-581.
    16. M¨¦dard MENGUE BIDZO, 2019. "The Hypothesis of Fiscal Devaluation in Developing Countries: The Case of Gabon," Applied Economics and Finance, Redfame publishing, vol. 6(5), pages 70-82, September.
    17. Mario Holzner & Maruška Vizek & Goran Vukšić, 2022. "Wage Bargaining Coordination, Taxation and Labor Costs: The Effects of Fiscal Devaluation," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(2), pages 324-349, June.
    18. Sandra Pasch & Juha Tervala, 2024. "Current Account Adjustment of the Euro Area in the 2010s: Causes and Policies," Open Economies Review, Springer, vol. 35(3), pages 575-604, July.
    19. Ali Bayar & Barbara Bratta & Silvia Carta & Paolo Di Caro & Marco Manzo & Carlo Orecchia, 2021. "Assessing the effects of VAT policies with an integrated CGE-microsimulation approach: evidence on Italy," Working Papers wp2021-14, Ministry of Economy and Finance, Department of Finance.
    20. Ciżkowicz, Piotr & Radzikowski, Bartosz & Rzońca, Andrzej & Wojciechowski, Wiktor, 2020. "Fiscal devaluation and economic activity in the EU," Economic Modelling, Elsevier, vol. 88(C), pages 59-81.
    21. Dr. Matthias Burgert & Philipp Pfeiffer & Werner Roeger, 2021. "Fiscal policy in a monetary union with downward nominal wage rigidity," Working Papers 2021-16, Swiss National Bank.
    22. Brede, Maren, 2016. "Budget-neutral fiscal rules targeting inflation differentials," SFB 649 Discussion Papers 2016-007, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    23. Verstegen, Loes & Meijdam, Lex, 2016. "The Effectiveness of a Fiscal Transfer Mechanism in a Monetary Union : A DSGE Model for the Euro Area," Other publications TiSEM 2963247d-7fe3-4b3a-80b5-c, Tilburg University, School of Economics and Management.
    24. Thomas Leoni & Margit Schratzenstaller-Altzinger, 2020. "Senkung der Lohnnebenkosten und Finanzierungsvarianten. Bisherige Erkenntnisse und internationale Reformbeispiele," WIFO Studies, WIFO, number 66851.
    25. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2022. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy," Energy Economics, Elsevier, vol. 115(C).
    26. Amat Adarov & Mario Holzner & Branimir Jovanović & Goran Vukšić, 2021. "Labour Taxes and International Trade: The Role of Domestic Labour Value Added," wiiw Working Papers 205, The Vienna Institute for International Economic Studies, wiiw.
    27. Zineddine Alla, 2017. "Optimal policies in international macroeconomics [Politiques optimales en macroéconomie internationale]," SciencePo Working papers Main tel-03436551, HAL.
    28. Hohberger, Stefan & Kraus, Lena, 2016. "Is fiscal devaluation welfare enhancing?," Economic Modelling, Elsevier, vol. 58(C), pages 512-522.
    29. Hasim Akca & Oguzhan Bozatli, 2020. "Fiscal devaluation and net export: dynamic panel data analysis on the Euro Area," Applied Economics Letters, Taylor & Francis Journals, vol. 27(18), pages 1500-1504, October.
    30. Milivojevic, Lazar & Tatar, Balint, 2021. "Fixed exchange rate - a friend or foe of labor cost adjustments?," IMFS Working Paper Series 152, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    31. Stefan Hohberger & Lukas Vogel & Bernhard Herz, 2014. "Budgetary-Neutral Fiscal Policy Rules and External Adjustment," Open Economies Review, Springer, vol. 25(5), pages 909-936, November.
    32. Berghäll, Pii Elina, 2013. "Miksi eurosta kannattaa erota [Why Finland should abandon the euro]," MPRA Paper 68830, University Library of Munich, Germany, revised 15 Jan 2016.
    33. Mario Holzner & Marina Tkalec & Maruška Vizek & Goran Vukšić, 2018. "Fiscal devaluations: evidence using bilateral trade balance data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(2), pages 247-275, May.
    34. Enders, Almira & Groll, Dominik & Stähler, Nikolai, 2020. "Parity funding of health care contributions in Germany: A DSGE perspective," Open Access Publications from Kiel Institute for the World Economy 279868, Kiel Institute for the World Economy (IfW Kiel).
    35. Ruppert, Kilian & Schön, Matthias & Stähler, Nikolai, 2021. "Consumption taxation to finance pension payments," Discussion Papers 47/2021, Deutsche Bundesbank.
    36. Hohberger, Stefan & Kraus, Lena, 2015. "Is fiscal devaluation welfare enhancing? A model-based analysis," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113193, Verein für Socialpolitik / German Economic Association.
    37. Francesco Caprioli & Marzia Romanelli & Pietro Tommasino, 2020. "Discretionary fiscal policy in the Euro area: Past, present and future," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2020(1), pages 55-85.
    38. Giampaolo Arachi & Debora Assisi, 2021. "Fiscal devaluation and relative prices: evidence from the Euro area," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(3), pages 685-716, June.
    39. Engler, Philipp & Pasch, Sandra & Tervala, Juha, 2018. "Third country effects of fiscal devaluations," Economics Letters, Elsevier, vol. 163(C), pages 13-16.
    40. Attinasi, Maria-Grazia & Prammer, Doris & Stähler, Nikolai & Tasso, Martino & Van Parys, Stefan, 2016. "Budget-neutral labour tax wedge reductions: A simulation-based analysis for selected euro area countries," Discussion Papers 26/2016, Deutsche Bundesbank.
    41. Halis Kıral & Lutfi Erden, 2018. "Bilateral trade effects of fiscal devaluation: Evidence from OECD countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(6), pages 585-606, August.
    42. Maria-Grazia Attinasi & Doris Prammer & Nikolai Stähler & Martino Tasso & Stefan van Parys, 2019. "Budget-Neutral Labor Tax Wedge Reductions: A Sumulation-Based Analysis for the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 15(4), pages 1-54, October.
    43. Jan Philipp Fritsche & Patrick Christian Harms, 2020. "Better off without the Euro? A Structural VAR Assessment of European Monetary Policy," Discussion Papers of DIW Berlin 1907, DIW Berlin, German Institute for Economic Research.

  10. Tervala, Juha, 2014. "China, the Dollar Peg and U.S. Monetary Policy," MPRA Paper 53223, University Library of Munich, Germany.

    Cited by:

    1. Liming Chen & Zhi Zhang & Ziqing Du & Lingling Deng, 2021. "Heterogeneous determinants of the exchange rate market in China with structural breaks," Applied Economics, Taylor & Francis Journals, vol. 53(59), pages 6839-6854, December.
    2. Donghyun Park & Irfan Qureshi & Shu Tian & Mai Lin Villaruel, 2022. "Impact of US monetary policy uncertainty on Asian exchange rates," Economic Change and Restructuring, Springer, vol. 55(1), pages 73-82, February.
    3. Wang, Peiwan & Zong, Lu, 2023. "Does machine learning help private sectors to alarm crises? Evidence from China’s currency market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 611(C).
    4. Chen, Liming & Du, Ziqing & Hu, Zhihao, 2020. "Impact of economic policy uncertainty on exchange rate volatility of China," Finance Research Letters, Elsevier, vol. 32(C).
    5. Willem THORBECKE, 2022. "U.S. Trade Imbalances, East Asian Exchange Rates, and a New Plaza Accord," Discussion papers 22115, Research Institute of Economy, Trade and Industry (RIETI).

  11. Engler, Philipp & Ganelli, Giovanni & Tervala, Juha & Voigts, Simon, 2014. "Fiscal devaluation in a monetary union," SFB 649 Discussion Papers 2014-011, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Patureau, Lise & Poilly, Céline, 2019. "Reforms and the real exchange rate: The role of pricing-to-market," Journal of International Economics, Elsevier, vol. 119(C), pages 150-168.
    2. Dräger, Lena & Proaño, Christian R., 2015. "Cross-border banking and business cycles in asymmetric currency unions," BERG Working Paper Series 105, Bamberg University, Bamberg Economic Research Group.
    3. Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2016. "German labor market and fiscal reforms 1999–2008: Can they be blamed for intra-euro area imbalances?," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 307-324.
    4. Stéphane Auray & Aurélien Eyquem & Xiaofei Ma, 2017. "Competitive tax reforms in a monetary union with endogenous entry and tradability," Post-Print halshs-01661046, HAL.
    5. Christoph Kaufmann, 2016. "Optimal Fiscal Substitutes for the Exchange Rate in a Monetary Union," Working Paper Series in Economics 86, University of Cologne, Department of Economics.
    6. Martine Carré & Clément Carbonnier & Pascal Belan, 2021. "Fiscal Devaluation with Endogenous Markups: Productivity and Welfare," Post-Print hal-03550874, HAL.
    7. Bielecki, Marcin & Stähler, Nikolai, 2018. "Labor tax reductions in Europe: The role of property taxation," Discussion Papers 30/2018, Deutsche Bundesbank.
    8. von Thadden, Leopold & Lipinska, Anna, 2013. "On the (In)effectiveness of Fiscal Devaluations in a Monetary Union," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80038, Verein für Socialpolitik / German Economic Association.
    9. Christian Keuschnigg & Julian Johs & Jacob Stevens, 2021. "Consolidating the Covid Debt," CESifo Working Paper Series 9497, CESifo.
    10. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2021. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy: An assessment with EMuSe," Discussion Papers 50/2021, Deutsche Bundesbank.
    11. Lukas Vogel, 2015. "Stabilisation and Rebalancing with Fiscal or Monetary Devaluation: A Model-Based Comparison," CESifo Working Paper Series 5625, CESifo.
    12. Mario Holzner & Marina Tkalec & Goran Vukšić, 2019. "Composition of trade flows and the effectiveness of fiscal devaluation," The World Economy, Wiley Blackwell, vol. 42(2), pages 453-477, February.
    13. Stähler, Nikolai, 2019. "Who benefits from using property taxes to finance a labor tax wedge reduction?," Journal of Housing Economics, Elsevier, vol. 46(C).
    14. Ivens, Annika, 2018. "Fiscal devaluation in the Euro area: The role of rigidities, non-tradables, and social security contributions," Journal of International Money and Finance, Elsevier, vol. 87(C), pages 62-81.
    15. Vukšić, Goran & Holzner, Mario, 2016. "Trade and fiscal imbalances in Southeastern Europe: Can fiscal devaluation help?," Economic Systems, Elsevier, vol. 40(4), pages 568-581.
    16. M¨¦dard MENGUE BIDZO, 2019. "The Hypothesis of Fiscal Devaluation in Developing Countries: The Case of Gabon," Applied Economics and Finance, Redfame publishing, vol. 6(5), pages 70-82, September.
    17. Mario Holzner & Maruška Vizek & Goran Vukšić, 2022. "Wage Bargaining Coordination, Taxation and Labor Costs: The Effects of Fiscal Devaluation," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(2), pages 324-349, June.
    18. Sandra Pasch & Juha Tervala, 2024. "Current Account Adjustment of the Euro Area in the 2010s: Causes and Policies," Open Economies Review, Springer, vol. 35(3), pages 575-604, July.
    19. Ali Bayar & Barbara Bratta & Silvia Carta & Paolo Di Caro & Marco Manzo & Carlo Orecchia, 2021. "Assessing the effects of VAT policies with an integrated CGE-microsimulation approach: evidence on Italy," Working Papers wp2021-14, Ministry of Economy and Finance, Department of Finance.
    20. Ciżkowicz, Piotr & Radzikowski, Bartosz & Rzońca, Andrzej & Wojciechowski, Wiktor, 2020. "Fiscal devaluation and economic activity in the EU," Economic Modelling, Elsevier, vol. 88(C), pages 59-81.
    21. Dr. Matthias Burgert & Philipp Pfeiffer & Werner Roeger, 2021. "Fiscal policy in a monetary union with downward nominal wage rigidity," Working Papers 2021-16, Swiss National Bank.
    22. Brede, Maren, 2016. "Budget-neutral fiscal rules targeting inflation differentials," SFB 649 Discussion Papers 2016-007, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    23. Verstegen, Loes & Meijdam, Lex, 2016. "The Effectiveness of a Fiscal Transfer Mechanism in a Monetary Union : A DSGE Model for the Euro Area," Other publications TiSEM 2963247d-7fe3-4b3a-80b5-c, Tilburg University, School of Economics and Management.
    24. Thomas Leoni & Margit Schratzenstaller-Altzinger, 2020. "Senkung der Lohnnebenkosten und Finanzierungsvarianten. Bisherige Erkenntnisse und internationale Reformbeispiele," WIFO Studies, WIFO, number 66851.
    25. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2022. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy," Energy Economics, Elsevier, vol. 115(C).
    26. Amat Adarov & Mario Holzner & Branimir Jovanović & Goran Vukšić, 2021. "Labour Taxes and International Trade: The Role of Domestic Labour Value Added," wiiw Working Papers 205, The Vienna Institute for International Economic Studies, wiiw.
    27. Zineddine Alla, 2017. "Optimal policies in international macroeconomics [Politiques optimales en macroéconomie internationale]," SciencePo Working papers Main tel-03436551, HAL.
    28. Hohberger, Stefan & Kraus, Lena, 2016. "Is fiscal devaluation welfare enhancing?," Economic Modelling, Elsevier, vol. 58(C), pages 512-522.
    29. Hasim Akca & Oguzhan Bozatli, 2020. "Fiscal devaluation and net export: dynamic panel data analysis on the Euro Area," Applied Economics Letters, Taylor & Francis Journals, vol. 27(18), pages 1500-1504, October.
    30. Milivojevic, Lazar & Tatar, Balint, 2021. "Fixed exchange rate - a friend or foe of labor cost adjustments?," IMFS Working Paper Series 152, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    31. Stefan Hohberger & Lukas Vogel & Bernhard Herz, 2014. "Budgetary-Neutral Fiscal Policy Rules and External Adjustment," Open Economies Review, Springer, vol. 25(5), pages 909-936, November.
    32. Berghäll, Pii Elina, 2013. "Miksi eurosta kannattaa erota [Why Finland should abandon the euro]," MPRA Paper 68830, University Library of Munich, Germany, revised 15 Jan 2016.
    33. Mario Holzner & Marina Tkalec & Maruška Vizek & Goran Vukšić, 2018. "Fiscal devaluations: evidence using bilateral trade balance data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(2), pages 247-275, May.
    34. Enders, Almira & Groll, Dominik & Stähler, Nikolai, 2020. "Parity funding of health care contributions in Germany: A DSGE perspective," Open Access Publications from Kiel Institute for the World Economy 279868, Kiel Institute for the World Economy (IfW Kiel).
    35. Ruppert, Kilian & Schön, Matthias & Stähler, Nikolai, 2021. "Consumption taxation to finance pension payments," Discussion Papers 47/2021, Deutsche Bundesbank.
    36. Hohberger, Stefan & Kraus, Lena, 2015. "Is fiscal devaluation welfare enhancing? A model-based analysis," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113193, Verein für Socialpolitik / German Economic Association.
    37. Francesco Caprioli & Marzia Romanelli & Pietro Tommasino, 2020. "Discretionary fiscal policy in the Euro area: Past, present and future," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2020(1), pages 55-85.
    38. Giampaolo Arachi & Debora Assisi, 2021. "Fiscal devaluation and relative prices: evidence from the Euro area," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(3), pages 685-716, June.
    39. Engler, Philipp & Pasch, Sandra & Tervala, Juha, 2018. "Third country effects of fiscal devaluations," Economics Letters, Elsevier, vol. 163(C), pages 13-16.
    40. Attinasi, Maria-Grazia & Prammer, Doris & Stähler, Nikolai & Tasso, Martino & Van Parys, Stefan, 2016. "Budget-neutral labour tax wedge reductions: A simulation-based analysis for selected euro area countries," Discussion Papers 26/2016, Deutsche Bundesbank.
    41. Halis Kıral & Lutfi Erden, 2018. "Bilateral trade effects of fiscal devaluation: Evidence from OECD countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(6), pages 585-606, August.
    42. Maria-Grazia Attinasi & Doris Prammer & Nikolai Stähler & Martino Tasso & Stefan van Parys, 2019. "Budget-Neutral Labor Tax Wedge Reductions: A Sumulation-Based Analysis for the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 15(4), pages 1-54, October.
    43. Jan Philipp Fritsche & Patrick Christian Harms, 2020. "Better off without the Euro? A Structural VAR Assessment of European Monetary Policy," Discussion Papers of DIW Berlin 1907, DIW Berlin, German Institute for Economic Research.

  12. Juha Tervala & Mr. Giovanni Ganelli, 2012. "Tariff-Tax Reforms in Large Economies," IMF Working Papers 2012/139, International Monetary Fund.

    Cited by:

    1. Gnangnon, Sèna Kimm, 2021. "Tax reform and public debt instability in developing countries: The trade openness and public revenue instability channels," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 54-67.
    2. Choi, Yoonseok & Hirata, Hideaki & Kim, Sunghyun Henry, 2017. "Tax reform in Japan: Is it welfare-enhancing?," Japan and the World Economy, Elsevier, vol. 42(C), pages 12-22.

  13. Juha Tervala, 2011. "Learning by Devaluating: A Supply-Side Effect of Competitive Devaluation," Discussion Papers 67, Aboa Centre for Economics.

    Cited by:

    1. Philipp Engler & Juha Tervala, 2016. "Hysteresis and Fiscal Policy," Discussion Papers of DIW Berlin 1631, DIW Berlin, German Institute for Economic Research.
    2. Reher, Gerrit & Wilfling, Bernd, 2014. "The valuation of European call options on zero-coupon bonds in the run-up to a fixed exchange-rate regime," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 483-496.
    3. Boitani, Andrea & Punzo, Chiara, 2019. "Banks’ leverage behaviour in a two-agent new Keynesian model," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 347-359.
    4. Bahmani-Oskooee, Mohsen & Harvey, Hanafiah & Hegerty, Scott W., 2014. "Industry trade and exchange-rate fluctuations: Evidence from the U.S. and Chile," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 619-626.
    5. Tervala, Juha, 2021. "Hysteresis and the welfare costs of recessions," Economic Modelling, Elsevier, vol. 95(C), pages 136-144.
    6. Usman, Umer & Batabyal, Amitrajeet A., 2014. "Goods production, learning by doing, and growth in a region with creative and physical capital," International Review of Economics & Finance, Elsevier, vol. 33(C), pages 92-99.

  14. Juha Tervala, 2011. "International Welfare Effects of Monetary Policy," Discussion Papers 66, Aboa Centre for Economics.

    Cited by:

    1. Luis Sastre, 2016. "Exchange Rate, Cross Elasticities Between Exports and Imports and Current Account Sustainability: The Spanish Case," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 32-46, November.
    2. Ganelli, Giovanni & Tervala, Juha, 2015. "Value of WTO trade agreements in a New Keynesian model," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 347-362.
    3. Juha Tervala, 2011. "Learning by Devaluating: A Supply-Side Effect of Competitive Devaluation," Discussion Papers 67, Aboa Centre for Economics.
    4. Tervala, Juha, 2014. "China, the Dollar Peg and U.S. Monetary Policy," MPRA Paper 53223, University Library of Munich, Germany.
    5. Sheng Wang & Rufei Guo, 2016. "Asymmetric Exchange Rate Pass-through and Monetary Policy in Open Economy," Annals of Economics and Finance, Society for AEF, vol. 17(1), pages 33-53, May.

  15. Tervala, Juha & Engler, Philipp, 2010. "Beggar-thyself or beggar-thy-neighbour? The welfare effects of monetary policy," Discussion Papers 2010/6, Free University Berlin, School of Business & Economics.

    Cited by:

    1. Philipp Engler, 2011. "Monetary Policy and Unemployment in Open Economies," NCER Working Paper Series 77, National Centre for Econometric Research.
    2. Tervala, Juha, 2012. "International welfare effects of monetary policy," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 356-376.

  16. Giovanni Ganelli & Juha Tervala, 2010. "International Transmission of Environmental Policy: A New Keynesian Perspective," Discussion Papers 58, Aboa Centre for Economics.

    Cited by:

    1. Michael Donadelli & Patrick Grüning & Marcus Jüppner & Renatas Kizys, 2018. "Global temperature, R&D expenditure, and growth," Bank of Lithuania Discussion Paper Series 9, Bank of Lithuania.
    2. Barbara Annicchiarico & Francesca Diluiso, 2017. "International Transmission of the Business Cycle and Environmental Policy," CEIS Research Paper 423, Tor Vergata University, CEIS, revised 19 Dec 2017.
    3. Diluiso, Francesca & Annicchiarico, Barbara & Kalkuhl, Matthias & Minx, Jan C., 2021. "Climate actions and macro-financial stability: The role of central banks," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
    4. Barbara Annicchiarico & Fabio Di Dio, 2017. "GHG Emissions Control and Monetary Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 823-851, August.
    5. Tumen, Semih & Unalmis, Deren & Unalmis, Ibrahim & Unsal, D. Filiz, 2016. "Taxing fossil fuels under speculative storage," Energy Economics, Elsevier, vol. 53(C), pages 64-75.
    6. Annicchiarico, Barbara & Correani, Luca & Di Dio, Fabio, 2018. "Environmental policy and endogenous market structure," Resource and Energy Economics, Elsevier, vol. 52(C), pages 186-215.
    7. Francesca Diluiso & Barbara Annicchiarico & Matthias Kalkuhl & Jan C. Minx, 2020. "Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy," CESifo Working Paper Series 8486, CESifo.
    8. Marcos Valli Jorge & Angelo M Fasolo & Silvio Michael de Azevedo Costa, 2024. "Mitigating Policies for Pollutant Emissions in a DSGE for the Brazilian Economy," Working Papers Series 591, Central Bank of Brazil, Research Department.
    9. Annicchiarico, Barbara & Battles, Susan & Di Dio, Fabio & Molina, Pierfrancesco & Zoppoli, Pietro, 2017. "GHG mitigation schemes and energy policies: A model-based assessment for the Italian economy," Economic Modelling, Elsevier, vol. 61(C), pages 495-509.
    10. Alper Aslan & Buket Altinoz & Melike Atay Polat, 2024. "Investigation of the Sensitivity of EU Countries to Temperature Anomalies in Terms of Economic and Technological Indicators," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2401-2421, March.
    11. Barbara Annicchiarico & Susan Battles & Fabio Di Dio & Pierfrancesco Molina & Pietro Zoppoli, 2016. "GEEM: a policy model for assessing climate-energy reforms in Italy," Working Papers 3, Department of the Treasury, Ministry of the Economy and of Finance.

  17. Juha Tervala & Mr. Giovanni Ganelli, 2008. "Tax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies," IMF Working Papers 2008/227, International Monetary Fund.

    Cited by:

    1. Lehmus, Markku, 2011. "Labor or consumption taxes? An application with a dynamic general equilibrium model with heterogeneous agents," Economic Modelling, Elsevier, vol. 28(4), pages 1984-1992, July.
    2. Cardi O. & Restout R., 2008. "Tax Reform In Two-Sector General Equilibrium," Working Papers ERMES 0803, ERMES, University Paris 2.

  18. Mr. Giovanni Ganelli & Juha Tervala, 2007. "Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model," IMF Working Papers 2007/067, International Monetary Fund.

    Cited by:

    1. Baldi, Guido, 2014. "The economic effects of a central bank reacting to house price inflation," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 26, pages 119-125.
    2. Burns,Andrew & Jooste,Charl & Schwerhoff,Gregor, 2021. "Macroeconomic Modeling of Managing Hurricane Damage in the Caribbean : The Case of Jamaica," Policy Research Working Paper Series 9505, The World Bank.
    3. Luis Andres & Dan Biller & Matias Herrera Dappe, 2016. "A Methodological Framework for Prioritising Infrastructure Investment," Journal of Infrastructure Development, India Development Foundation, vol. 8(2), pages 111-127, December.
    4. Gomes, Orlando, 2007. "Deterministic randomness in a model of finance and growth," MPRA Paper 2888, University Library of Munich, Germany.
    5. Wildmer Daniel Gregori, 2018. "To what extent do fiscal spending rules affect budget composition?," Public Sector Economics, Institute of Public Finance, vol. 42(3), pages 325-345.
    6. Shoji, Etsuro & Khai, Vu Tuan & Takeuchi, Hiroko, 2011. "Fiscal Policy in a New Keynesian Overlapping Generations Model of a Small Open Economy," Economic Review, Hitotsubashi University, vol. 62(1), pages 30-43, January.
    7. W. D. Gregori, 2014. "Fiscal Rules and Public Spending: Evidence from Italian Municipalities," Working Papers wp923, Dipartimento Scienze Economiche, Universita' di Bologna.
    8. İrem Zeyneloğlu & Gilbert Koenig, 2016. "Recent Economic Developments and the Implications for Fiscal Policy in Open Economy Macroeconomics," Revue d'économie politique, Dalloz, vol. 126(6), pages 1023-1056.
    9. Jingxin Hu & Tao Li & Guanghe Ran, 2021. "Infrastructure investment and marginal spending behaviour of households," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(2), pages 3-17, November.
    10. Kuralbayeva, Karlygash, 2018. "Environmental taxation, employment and public spending in developing countries," LSE Research Online Documents on Economics 86378, London School of Economics and Political Science, LSE Library.
    11. Minoru Watanabe & Yusuke Miyake & Masaya Yasuoka, 2015. "Public Investment Financed By Consumption Tax In An Aging Society," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(05), pages 1-17, December.
    12. Philipp Engler, 2011. "Monetary Policy and Unemployment in Open Economies," NCER Working Paper Series 77, National Centre for Econometric Research.
    13. Barilla, David & Carlucci, Fabio & Cirà, Andrea & Ioppolo, Giuseppe & Siviero, Lucio, 2020. "Total factor logistics productivity: A spatial approach to the Italian regions," Transportation Research Part A: Policy and Practice, Elsevier, vol. 136(C), pages 205-222.
    14. Tervala, Juha, 2012. "International welfare effects of monetary policy," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 356-376.
    15. Juan González Alegre, 2012. "An evaluation of EU regional policy. Do structural actions crowd out public spending?," Public Choice, Springer, vol. 151(1), pages 1-21, April.
    16. Dohwa, Kohjiro, 2024. "The role of local currency pricing in the international transmission effects of a government spending shock in an economy with vertical production linkage and foreign direct investment," Journal of Macroeconomics, Elsevier, vol. 80(C).
    17. Engler, Philipp & Tervala, Juha, 2011. "Beggar-thyself or beggar-thy-neighbour? The welfare effects of monetary policy," Economic Modelling, Elsevier, vol. 28(4), pages 2034-2040, July.
    18. Miguel Viegas & Ana Ribeiro, 2015. "Welfare and inequality effects of debt consolidation processes: the case of Spain, 1996–2007," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(4), pages 479-496, November.
    19. Andres,Luis Alberto & Biller,S. A. Dan & Herrera Dappe,Matias, 2014. "Infrastructure gap in South Asia : infrastructure needs, prioritization, and financing," Policy Research Working Paper Series 7032, The World Bank.
    20. Philipp Harms & Joachim Lutz, 2014. "Foreign vs. domestic public debt and the composition of government expenditure: A political-economy approach," Working Papers 1415, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 20 Nov 2014.
    21. Viegas, Miguel & Ribeiro, Ana Paula, 2013. "The Dutch experience: Assessing the welfare impacts of two consolidation strategies using a heterogeneous-agent framework," Economic Modelling, Elsevier, vol. 32(C), pages 351-360.
    22. Miguel Viegas & Ana Paula Ribeiro, 2017. "Fiscal Consolidations: A Theoretical Essay with a Heterogeneous-Agent Model," International Economic Journal, Taylor & Francis Journals, vol. 31(2), pages 206-223, April.
    23. Miguel Viegas & Ana Ribeiro, 2014. "The Economic Adjustment Program for Portugal: assessing welfare impact in a heterogeneous-agent framework," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 13(1), pages 53-70, April.
    24. Chunbing Cai & Jordan Roulleau-Pasdeloup, 2023. "Simple Analytics of the Government Investment Multiplier," Papers 2302.11212, arXiv.org, revised Sep 2023.
    25. Bessho, Shun-ichiro & Ogawa, Hikaru, 2015. "Fiscal adjustment in Japanese municipalities," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 1053-1068.
    26. Sergio Destefanis & Vania Sena, 2009. "Public capital, productivity and trade balances: some evidence for the Italian regions," Empirical Economics, Springer, vol. 37(3), pages 533-554, December.

Articles

  1. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).

    Cited by:

    1. John Nana Francois & Eric Antony Lacey & Robert Johann Utz, 2023. "On estimates of overall budget sensitivity parameters across income groups: Some evidence," Economics Bulletin, AccessEcon, vol. 43(3), pages 1458-1469.
    2. Ivan Mendieta-Muñoz, 2024. "Time-varying investment dynamics in the USA," Working Paper Series, Department of Economics, University of Utah 2024_01, University of Utah, Department of Economics.
    3. Sandra Pasch & Juha Tervala, 2024. "Current Account Adjustment of the Euro Area in the 2010s: Causes and Policies," Open Economies Review, Springer, vol. 35(3), pages 575-604, July.
    4. Di Domenico, Lorenzo & Gahn, Santiago José & Romaniello, Davide, 2024. "Testing the Waters of Positive Hysteresis: The Effects of Autonomous Demand Shocks on Inflation, Accumulation, and Labor in the US Economy," Centro Sraffa Working Papers CSWP64, Centro di Ricerche e Documentazione "Piero Sraffa".
    5. Koray Yıldırım & Neşe Algan & Harun Bal, 2024. "Investment Hysteresis: An Empirical Essay Turkish Case," Evaluation Review, , vol. 48(1), pages 143-176, February.
    6. Konstantins Benkovskis & Olegs Tkacevs & Karlis Vilerts, 2023. "Did Job Retention Schemes Save Jobs during the Covid-19 Pandemic? Firm-level Evidence from Latvia," Working Papers 2023/03, Latvijas Banka.
    7. Willem THORBECKE, 2022. "U.S. Trade Imbalances, East Asian Exchange Rates, and a New Plaza Accord," Discussion papers 22115, Research Institute of Economy, Trade and Industry (RIETI).

  2. Tervala, Juha, 2021. "Hysteresis and the welfare costs of recessions," Economic Modelling, Elsevier, vol. 95(C), pages 136-144.
    See citations under working paper version above.
  3. Giovanni Ganelli & Juha Tervala, 2020. "Welfare Multiplier of Public Investment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 390-420, June.
    See citations under working paper version above.
  4. Juha Tervala, 2019. "U.S. monetary policy and China's exchange rate policy during the great recession," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 24(1), pages 113-130, January.
    See citations under working paper version above.
  5. Engler, Philipp & Tervala, Juha, 2018. "Welfare effects of TTIP in a DSGE model," Economic Modelling, Elsevier, vol. 70(C), pages 230-238.
    See citations under working paper version above.
  6. Engler, Philipp & Tervala, Juha, 2018. "Hysteresis and fiscal policy," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 39-53.
    See citations under working paper version above.
  7. Engler, Philipp & Pasch, Sandra & Tervala, Juha, 2018. "Third country effects of fiscal devaluations," Economics Letters, Elsevier, vol. 163(C), pages 13-16.

    Cited by:

    1. Christoph Kaufmann, 2016. "Optimal Fiscal Substitutes for the Exchange Rate in a Monetary Union," Working Paper Series in Economics 86, University of Cologne, Department of Economics.
    2. Sandra Pasch & Juha Tervala, 2024. "Current Account Adjustment of the Euro Area in the 2010s: Causes and Policies," Open Economies Review, Springer, vol. 35(3), pages 575-604, July.
    3. Ruppert, Kilian & Schön, Matthias & Stähler, Nikolai, 2021. "Consumption taxation to finance pension payments," Discussion Papers 47/2021, Deutsche Bundesbank.
    4. Giampaolo Arachi & Debora Assisi, 2021. "Fiscal devaluation and relative prices: evidence from the Euro area," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(3), pages 685-716, June.

  8. Philipp Engler & Giovanni Ganelli & Juha Tervala & Simon Voigts, 2017. "Fiscal Devaluation in a Monetary Union," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(2), pages 241-272, June.
    See citations under working paper version above.
  9. Giovanni Ganelli & Juha Tervala, 2015. "Tariff-tax Reforms in Large Economies," The World Economy, Wiley Blackwell, vol. 38(12), pages 1990-2012, December.
    See citations under working paper version above.
  10. Ganelli, Giovanni & Tervala, Juha, 2015. "Value of WTO trade agreements in a New Keynesian model," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 347-362.
    See citations under working paper version above.
  11. Giovanni Ganelli & Juha Tervala, 2014. "Dynamic Scoring in Open Economies," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 70(1), pages 31-66, March.

    Cited by:

    1. Ruud A. de Mooij & Ikuo Saito, 2014. "Japan’s Corporate Income Tax: Facts, Issues and Reform Options," IMF Working Papers 2014/138, International Monetary Fund.

  12. Tervala, Juha, 2013. "Learning by devaluating: A supply-side effect of competitive devaluation," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 275-290.
    See citations under working paper version above.
  13. Tervala, Juha, 2012. "International welfare effects of monetary policy," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 356-376.
    See citations under working paper version above.
  14. Engler, Philipp & Tervala, Juha, 2011. "Beggar-thyself or beggar-thy-neighbour? The welfare effects of monetary policy," Economic Modelling, Elsevier, vol. 28(4), pages 2034-2040, July.
    See citations under working paper version above.
  15. Ganelli, Giovanni & Tervala, Juha, 2011. "International transmission of environmental policy: A New Keynesian perspective," Ecological Economics, Elsevier, vol. 70(11), pages 2070-2082, September.
    See citations under working paper version above.
  16. Ganelli, Giovanni & Tervala, Juha, 2010. "Public infrastructures, public consumption, and welfare in a new-open-economy-macro model," Journal of Macroeconomics, Elsevier, vol. 32(3), pages 827-837, September.
    See citations under working paper version above.
  17. Juha Tervala, 2010. "The International Transmission of Monetary Policy in a Dollar Pricing Model," Open Economies Review, Springer, vol. 21(5), pages 629-654, November.

    Cited by:

    1. Juha Tervala, 2011. "Learning by Devaluating: A Supply-Side Effect of Competitive Devaluation," Discussion Papers 67, Aboa Centre for Economics.
    2. Jan Hájek & Roman Horváth, 2016. "The Spillover Effect of Euro Area on Central and Southeastern European Economies: A Global VAR Approach," Open Economies Review, Springer, vol. 27(2), pages 359-385, April.
    3. Philipp Engler, 2011. "Monetary Policy and Unemployment in Open Economies," NCER Working Paper Series 77, National Centre for Econometric Research.
    4. Tervala, Juha, 2012. "International welfare effects of monetary policy," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 356-376.
    5. Guohua He & Xinxin Chang, 2013. "The Dollar Standard and Stability of China’s Macroeconomy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 186-204, December.
    6. Engler, Philipp & Tervala, Juha, 2011. "Beggar-thyself or beggar-thy-neighbour? The welfare effects of monetary policy," Economic Modelling, Elsevier, vol. 28(4), pages 2034-2040, July.
    7. Juha Tervala, 2011. "Export pricing and the cross‐country correlation of stock prices," Review of Financial Economics, John Wiley & Sons, vol. 20(2), pages 74-83, May.
    8. Tervala, Juha, 2011. "Export pricing and the cross-country correlation of stock prices," Review of Financial Economics, Elsevier, vol. 20(2), pages 74-83, May.

  18. Ganelli, Giovanni & Tervala, Juha, 2009. "Can government spending increase private consumption? The role of complementarity," Economics Letters, Elsevier, vol. 103(1), pages 5-7, April.

    Cited by:

    1. Juha Tervala, 2009. "Productive government spending and private consumption: a pessimistic view," Economics Bulletin, AccessEcon, vol. 29(1), pages 416-425.
    2. Erauskin, Iñaki, 2013. "The impact of financial openness on the size of utility-enhancing government," Economics Discussion Papers 2013-7, Kiel Institute for the World Economy (IfW Kiel).
    3. Giovanni Ganelli & Juha Tervala, 2020. "Welfare Multiplier of Public Investment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 390-420, June.
    4. L. Marattin & A. Palestini, 2010. "Government Spending Under Non-Separability: a Theoretical Analysis," Working Papers wp722, Dipartimento Scienze Economiche, Universita' di Bologna.
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