In this paper, we analyze the dynamic behaviour of employment and hours worked per worker in a stochastic general … using the Generalized Methods of Moments (GMM) estimation technique. An increase in government spending raises hours worked … per worker, and crowds out private consumption due to a negative wealth effect. On the path converging towards the steady …

The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax …- or spending-based - are uncertain. We find that the composition of the fiscal consolidation, its duration, the monetary …

In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a …-occupied housing. Using our model, we analyze the effects of changes in housing-related tax policy measures on the level of output, tax … revenue and household debt, along with other macroeconomic aggregates. The tax policies we consider are (i) increasing …

and Muir 2007). In particular, she examines the global macroeconomic implications of the expiration of major tax cuts in … that the expiration of previously enacted tax cuts in the United States will impose short-run costs on the U.S. economy …