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Surprising comparative properties of monetary models: Results from a new model database

Taylor, John B.; Wieland, Volker - 2010

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy …

Persistent link: https://www.econbiz.de/10011605307

New Keynesian versus old Keynesian government spending multipliers

Cogan, John F.; Cwik, Tobias J.; Taylor, John B.; … - 2009

Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modeling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy...

Persistent link: https://www.econbiz.de/10010303715

New Keynesian versus old Keynesian government spending multipliers

Cogan, John F.; Cwik, Tobias; Taylor, John B.; Wieland, … - 2009

Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy...

Persistent link: https://www.econbiz.de/10011605136

The Lack Of An Empirical Rationale For A Revival Of Discretionary Fiscal Policy

Taylor, John B. - In: CESifo Forum 10 (2009) 2, pp. 9-13

Persistent link: https://www.econbiz.de/10011695926

Surprising comparative properties of monetary models: Results from a new data base

Taylor, John B.; Wieland, Volker - 2009

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy …

Persistent link: https://www.econbiz.de/10010303733

Does the crisis experience call for a new paradigm in monetary policy?

Taylor, John B. - 2010

This paper shows that the monetary policy paradigm that was in place before the financial crisis worked very well and that the crisis occurred only after policy makers deviated from that paradigm. The paper also evaluates monetary policy during the financial crisis by dividing the crisis into...

Persistent link: https://www.econbiz.de/10011430849

Shadow Economies and Corruption all over the World: What do we really know?

Schneider, Friedrich G. - 2006

Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and … highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a … with a labor market regulation are the driving forces of the shadow economy. Furthermore, the results show that the shadow …

Persistent link: https://www.econbiz.de/10010294606

Shadow Economies and Corruption All Over the World: New Estimates for 145 Countries

Schneider, Friedrich G. - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-9, pp. 1-66

economies over 1999 to 2005 are presented. The average size of the shadow economy (as a percent of "official" GDP) in 2004/05 in … economy. Furthermore, the results show that the shadow economy reduces corruption in high income countries, but increases …

Persistent link: https://www.econbiz.de/10010295292

Shadow economies and corruption all over the world: revised estimates for 120 countries

Schneider, Friedrich G.; Buehn, Andreas - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2009) 2007-9 (Version 2), pp. 1-53

income OECD countries over 1999 to 2006 are presented. The average size of the shadow economy (as a percent of "official" GDP … regulations are the driving forces of the shadow economy. Furthermore, the results show that the shadow economy reduces corruption …

Persistent link: https://www.econbiz.de/10010299968

Shadow Economies around the World : What Do We Know?

Schneider, Friedrich G.; Klinglmair, Robert - 2004

Using various statistical procedures, estimates about the size of the shadow economy in 110 developing, transition and … OECD countries are presented. The average size of the shadow economy (in percent of official GDP) over 1999-2000 in … shadow economy. If the shadow economy increases by one percent the annual growth rate of the ?official? GDP of a developing …

Persistent link: https://www.econbiz.de/10010276569