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subject:"Deutschland"
~institution:"Federal Reserve Bank of San Francisco"
~subject:"EU-Staaten"
~subject:"Finanzkrise"
~subject:"Fiscal policy"
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The time for austerity: estimating the average treatment effect of fiscal policy
Jordà, Òscar
;
Taylor, Alan M.
-
Federal Reserve Bank of San Francisco
-
2013
Elevated government debt levels in advanced economies have risen rapidly as sovereigns absorbed private sector losses and cyclical deficits blew up in the Global Financial Crisis and subsequent slump. A rush to fiscal austerity followed but its justifications and impacts have been heavily...
Persistent link: https://www.econbiz.de/10011026926
Saved in:
2
The economy, fiscal policy, and monetary policy
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
Presentation to the Financial Women’s Association of San Francisco, San Francisco, CA, October 15, 2012
Persistent link: https://www.econbiz.de/10010724858
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3
Measuring the effect of the zero lower bound on medium- and longer-term interest rates
Swanson, Eric T.
;
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
The zero lower bound on nominal interest rates has constrained the Federal Reserve’s setting of the overnight federal funds rate for over three years running. According to many macroeconomic models, such an extended period of being stuck at the zero bound has important implications for the...
Persistent link: https://www.econbiz.de/10010551214
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4
Should transportation spending be included in a stimulus program? a review of the literature
Leduc, Sylvain
;
Wilson, Daniel J.
-
Federal Reserve Bank of San Francisco
-
2012
Transportation spending often plays a prominent role in government efforts to stimulate the economy during downturns. Yet, despite the frequent use of transportation spending as a form of fiscal stimulus, there is little known about its short- or medium-run effectiveness. Does it translate...
Persistent link: https://www.econbiz.de/10010576001
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5
Comments on "The Revival of Fiscal Policy"
Yellen, Janet L.
-
Federal Reserve Bank of San Francisco
-
2009
Presentation to the Annual AEA/ASSA Conference, San Francisco, CA, January 4, 2009
Persistent link: https://www.econbiz.de/10010724789
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6
Heeding Daedalus: Optimal inflation and the zero lower bound
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2009
This paper reexamines the implications of the zero lower bound on interest rates for monetary policy and the optimal choice of steady-state inflation in light of the experience of the recent global recession. There are two main findings. First, the zero lower bound did not materially contribute...
Persistent link: https://www.econbiz.de/10008603769
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7
Government employment and the dynamic effects of fiscal policy shocks
Cavallo, Michele P.
(
contributor
)
-
2005
Persistent link: https://www.econbiz.de/10003159347
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8
Tax reform with useful public expenditures
Cassou, Steven P.
;
Lansing, Kevin J.
-
Federal Reserve Bank of San Francisco
-
2004
This paper examines the economic effects of tax reform in an endogenous growth model that allows for two types of useful public expenditures; one type contributes to human capital information while the other provides direct utility to households. We show that the optimal fiscal policy calls for...
Persistent link: https://www.econbiz.de/10010702310
Saved in:
9
Stabilization policy: a reconsideration
Yellen, Janet L.
-
Federal Reserve Bank of San Francisco
-
2004
This paper forms the basis for Janet Yellen's Presidential address to the Western Economic Association International, delivered July 1, 2004, in Vancouver, British Columbia.
Persistent link: https://www.econbiz.de/10010724825
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10
Growth effects of shifting from a progressive tax system to a flat tax
Cassou, Stephen P.
;
Lansing, Kevin J.
-
Federal Reserve Bank of San Francisco
-
2002
This paper develops a quantitative general equilibrium model to assess the growth effects of adopting a flat tax plan similar to the one proposed by Hall and Rabushka (1995). Using parameters calibrated to match the progressivity of the U.S. tax schedule and other features of the U.S. economy,...
Persistent link: https://www.econbiz.de/10010702214
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