Showing 1 - 10 of 185
In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general...
Persistent link: https://www.econbiz.de/10014401503
Persistent link: https://www.econbiz.de/10001774397
Persistent link: https://www.econbiz.de/10001774401
Persistent link: https://www.econbiz.de/10001820913
Persistent link: https://www.econbiz.de/10001820916
In the recent economic debate on the design of fiscal policy in Germany it is gene rally agreed that the total hurden of taxes and levies has to be reduced. In this paper, arguments that form the basis of this claim are evaluated within a calihrated Real Business Cycle model. The analysis shows...
Persistent link: https://www.econbiz.de/10010470811
Persistent link: https://www.econbiz.de/10010470812
Persistent link: https://www.econbiz.de/10013434613
Persistent link: https://www.econbiz.de/10013434614
Persistent link: https://www.econbiz.de/10001461848