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expected inflation, which in turn, reduces the real interest rate and leads to an increase in private consumption. This paper …
Persistent link: https://www.econbiz.de/10011027321
This paper (i) estimates the local effects of government stimulus spending on labor market outcomes and (ii) shows how … reinforces the importance of the intensive labor margin. …
Persistent link: https://www.econbiz.de/10010890136
U.S. counties into local labor markets, each of which we further partition into two subregions. We then compare … differential labor market outcomes and Recovery Act spending at the regional and subregional levels using instrumental variables …
Persistent link: https://www.econbiz.de/10010942506
Policymakers often use measures of tax incidence (generational accounts) as criteria for policy selection. We use a quantitative model of optimal intergenerational policy to evaluate the ability of the tax incidence metric to capture the identity of recipients and contributors and the magnitudes...
Persistent link: https://www.econbiz.de/10010640522
May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.
Persistent link: https://www.econbiz.de/10010727313
cyclical fluctuations in inflation and nominal interest rates. …
Persistent link: https://www.econbiz.de/10011027315