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Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences

Aizenman, Joshua - 2007

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...

Persistent link: https://www.econbiz.de/10012777949

Debt, policy uncertainty and expectations stabilization

Eusepi, Stefano; Preston, Bruce - 2010

Persistent link: https://www.econbiz.de/10008697796

The subjective inflation expectations of households and firms : measurement, determinants, and implications

Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...

Persistent link: https://www.econbiz.de/10013271201

A bigger house at the cost of an empty fridge? : the effect of households' indebtedness on their consumption: micro-evidence using Belgian HFCS data

Du Caju, Philip; Périlleux, Guillaume; Rycx, François; … - 2021

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …

Persistent link: https://www.econbiz.de/10012486606

Consumption responses to a major minimum wage increase : evidence from Spain

Gonzalez, Ignacio; Sala, Hector; Trivín, Pedro - 2025

This paper investigates the effects of minimum wage increases on household consumption, focusing on Spain’s 2019 … significant rise of 4.5% in household consumption, with the largest gains concentrated in nonessential categories such as …

Persistent link: https://www.econbiz.de/10015407721

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta - 2021

In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...

Persistent link: https://www.econbiz.de/10012517675

Global aging and fiscal policy with international labor mobility : a political economy perspective

Tosun, Mehmet Serkan - 2009

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Persistent link: https://www.econbiz.de/10003845509

The effect of unconventional fiscal policy on consumption : new evidence based on transactional data

Koeniger, Winfried; Kress, Peter - 2024

growth rate for semi-durables and non-durables did not change by and large. The estimates imply a consumption multiplier of 0 …

Persistent link: https://www.econbiz.de/10015084082

The Ricardian Approach to Budget Deficits

Barro, Robert J. - 2021

the distorting effects of taxation Then the paper considers empirical evidence on interest rates, consumption and saving …

Persistent link: https://www.econbiz.de/10013229841

Fiscal Policy with Impure Intergenerational Altruism

Abel, Andrew B.; Bernheim, Bert Douglas - 2021

Recent work demonstrates that dynastic assumptions guarantee the irrelevance of all redistributional polices, distortionary taxes, and prices--the neutrality of fiscal policy (Ricardian equivalence) is only the "tip of the iceberg." In this paper, we investigate the possibility of reinstating...

Persistent link: https://www.econbiz.de/10013215365