Similar Search Results

Lukkezen, Jasper; Teulings, Coen N - C.E.P.R. Discussion Papers - 2013

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. We combine the reducedform model of the economy from a linear VAR with a non-linear welfare function and obtain analytic solutions for optimal policy. The variables...

Persistent link: https://www.econbiz.de/10011084121

A Role Model for the Conduct of Fiscal Policy? Experiences from Sweden

Flodén, Martin - C.E.P.R. Discussion Papers - 2012

Sweden was hit by a severe macroeconomic crisis in the early 1990s. GDP fell for three consecutive years in 1991-1993, unemployment increased by 9 percentage points, banks had to be nationalized, and public budget deficits exceeded 10 percent of GDP. The recovery was however quick. GDP growth...

Persistent link: https://www.econbiz.de/10011084359

Aggregate Labor Market Outcomes: The Role of Choice and Chance

Krusell, Per; Mukoyama, Toshihiko; Rogerson, Richard; … - C.E.P.R. Discussion Papers - 2009

to taxes. …

Persistent link: https://www.econbiz.de/10005082544

Why Europe has become environmentally cleaner: Decomposing the roles of fiscal, trade and environmental policies

López, Ramón; Palacios, Amparo - C.E.P.R. Discussion Papers - 2011

This paper systematically examines the role of fiscal policy, trade and energy taxes on environmental quality in Europe … policies and energy taxes are effective in reducing the concentration of certain pollutants through different mechanisms. We … of ozone, perhaps the most difficult to control pollutant. Finally, energy taxes appear to have an important effect in …

Persistent link: https://www.econbiz.de/10009278172

Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, and Social Security

Ljungqvist, Lars; Sargent, Thomas J - C.E.P.R. Discussion Papers - 2010

The high labor supply elasticity in an indivisible-labor model with employment lotteries emerges also without lotteries when individuals must instead choose career lengths. The more elastic are earnings to accumulated working time, the longer is a worker's career. Negative (positive)...

Persistent link: https://www.econbiz.de/10008468641

The Political Economy of Redistribution in the U.S. in the Aftermath of World War II and the Delayed Impacts of the Great Depression - Evidence and Theory

Beetsma, Roel; Cukierman, Alex; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2009

The paper presents evidence of an upward ratchet in transfers and taxes in the U.S. around World-War II. This finding …

Persistent link: https://www.econbiz.de/10008477176

A Gini Decomposition Analysis of Inequality in the Czech and Slovak Republics during the Transition

Garner, Thesia I; Terrell, Katherine - C.E.P.R. Discussion Papers - 1998

Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very little, and by a similar amount, from 1989–93 in the Czech Republic and Slovakia. This surprising result is examined with an analysis of changes in the channels of...

Persistent link: https://www.econbiz.de/10005123731

Estimating the Effects of Fiscal Policy in OECD Countries

Perotti, Roberto - C.E.P.R. Discussion Papers - 2005

This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five OECD countries, using a structural Vector Autoregression approach. Its main results can be summarized as follows: 1) The effects of fiscal policy on GDP tend to be small: government spending multipliers...

Persistent link: https://www.econbiz.de/10005124359

Taxes and Subsidies in the Transforming Hungarian Economy

Revesz, Tamas; Zalai, Erno - C.E.P.R. Discussion Papers - 1992

government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in …

Persistent link: https://www.econbiz.de/10005136594

A Three State Model of Worker Flows in General Equilibrium

Krusell, Per; Mukoyama, Toshihiko; Rogerson, Richard; … - C.E.P.R. Discussion Papers - 2009

We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and...

Persistent link: https://www.econbiz.de/10005068285