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The Effect of Inequality on Redistribution : An Econometric Analysis
Boskin, Michael J.; Elnahal, Kareem; Zhang, Adam - National Bureau of Economic Research - 2024
Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...
Persistent link: https://www.econbiz.de/10014544770
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What the Government Purchases Multiplier Actually Multiplied in the 2009 Stimulus Package
Cogan, John F. - 2010
government purchases multiplier. But equally crucial is the size of the government purchases multiplicand--the change in … government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic … government purchases multiplier, changes in government purchases have had no material effect on the growth of GDP since the time …
Persistent link: https://www.econbiz.de/10012462152
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Hidden Exposure : Measuring US Supply Chain Reliance
Baldwin, Richard E.; Freeman, Rebecca; … - National Bureau of Economic Research - 2023
Supply chain problems, previously relegated to specialized journals, now appear in G7 Leaders' Communiqués. Our paper looks at three core elements of the problems: measurement of the links that expose supply chains to disruptions, the nature of the shocks that cause the disruptions, and the...
Persistent link: https://www.econbiz.de/10014421246
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Demand Stimulus as Social Policy
Auerbach, Alan J.; Gorodnichenko, Yuriy; Murphy, Daniel P. - National Bureau of Economic Research - 2022
We exploit a panel of city-level data with rich demographic information to estimate the distributional effects of Department of Defense spending and its effects on a range of social outcomes. The income generated by defense spending accrues predominantly to households without a bachelor's...
Persistent link: https://www.econbiz.de/10013388854
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Policy Implications of Non-Linear Effects of Tax Changes on Output
Gunter, Samara R.; Riera-Crichton, Daniel; Végh, Carlos A. - National Bureau of Economic Research - 2021
-based arguments, the effect of tax changes on output is highly non-linear. The tax multiplier is essentially zero under relatively low …
Persistent link: https://www.econbiz.de/10012510525
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Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021
) Globally, fiscal policy helped offset about 8% of the downturn in COVID, with a low 'traditional' fiscal multiplier. Yet it …
Persistent link: https://www.econbiz.de/10012629513
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State Dependent Government Spending Multipliers : Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations
Jo, Yoon J.; Zubairy, Sarah - National Bureau of Economic Research - 2022
spending multiplier is large when DNWR binds, but the nature of recession matters due to the opposing response of inflation. In …
Persistent link: https://www.econbiz.de/10013210053
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Fiscal Multipliers in the COVID19 Recession
Auerbach, Alan J.; Gorodnichenko, Yuriy; McCrory, Peter B. - National Bureau of Economic Research - 2021
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012794559
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The Missing Intercept : A Demand Equivalence Approach
Wolf, Christian - National Bureau of Economic Research - 2021
) a fiscal multiplier of one and so a missing intercept close to zero. I also discuss the robustness of this aggregation …
Persistent link: https://www.econbiz.de/10012794586
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Local Fiscal Multipliers and Fiscal Spillovers in the United States
Auerbach, Alan J. - 2019
We estimate local fiscal multipliers and spillovers for the United States using a rich dataset based on U.S. Department of Defense contracts and a variety of outcome variables relating to income and employment. We find strong positive spillovers across locations and industries. Both backward...
Persistent link: https://www.econbiz.de/10012479413