Narrow search
Showing 1 - 10 of 760
Cover Image
The Worst of Both Worlds: Fiscal Policy and Fixed Exchange Rates
Born, Benjamin; D'Ascanio, Francesco; Müller, Gernot; … - 2019
real exchange rate, according to Keynesian views because it impacts output. Both views have merit because the effects of … government spending are asymmetric. A spending cut lowers output but does not alter the real exchange rate. A spending increase … appreciates the exchange rate but does not alter output unless there is economic slack. We establish these results in a small open …
Persistent link: https://www.econbiz.de/10012141123
Cover Image
The Effects of International Sanctions on Military Spending of Iran: A Synthetic Control Analysis
Farzanegan, Mohammad Reza - 2019
We use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on military spending of Iran. We create a synthetic control group that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. We then...
Persistent link: https://www.econbiz.de/10012179736
Cover Image
Military Spending and Innovation: Learning from 19th Century World Fair Exhibition Data
Danzer, Alexander M.; Danzer, Natalia; Feuerbaum, Carsten - 2023
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...
Persistent link: https://www.econbiz.de/10014290257
Cover Image
The Effects of International Sanctions on Military Spending of Iran : A Synthetic Control Analysis
Farzanegan, Mohammad Reza - 2019
We use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on military spending of Iran. We create a synthetic control group that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. We then...
Persistent link: https://www.econbiz.de/10012859051
Cover Image
Military Spending and Innovation : Learning from 19th Century World Fair Exhibition Data
Danzer, Alexander; Danzer, Natalia; Feuerbaum, Carsten - 2023
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...
Persistent link: https://www.econbiz.de/10014358399
Cover Image
Appropriate fiscal policy over the business cycle: Proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10010270872
Cover Image
The Burden of Unanticipated Government Spending
Heer, Burkhard; Scharrer, Christian - 2016
We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a dynamic stochastic Overlapping Generations model with two types of households, Ricardian households and rule-of-thumb consumers. We demonstrate that an unexpected increase in...
Persistent link: https://www.econbiz.de/10011480459
Cover Image
Searching for Keynes: An Essay on the Political Economy of Fiscal Policy, with Application to Canada, 1870-2000 - revised version
Winer, Stanley L.; Ferris, J Stephen - 2003
Keynes' General Theory (1936) is arguably one of the most important books of the twentieth century. His ideas for stabilizing the aggregate economy have profoundly influenced economic theory as well as popular opinion about what governments can and should do with respect to the business cycle....
Persistent link: https://www.econbiz.de/10010316008
Cover Image
Appropriate Fiscal Policy Over the Business Cycle : Proper Stimulus Policies Can Work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10013139182
Cover Image
Q-Targeting in New Keynesian Models
Heer, Burkhard; Maussner, Alfred; Ruf, Halvor - 2016
interest rate is set as a function of the deviation of the inflation rate from its target rate, the output gap, and Tobin’s q …
Persistent link: https://www.econbiz.de/10011451472