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The Multiplier Effect in Two-Sided Markets with Bilateral Investments
Dizdar, Deniz - 2018
investment behavior. The bilateral external benefits induce an investment multiplier effect. This multiplier effect depends in a … characterize how the multiplier effect hinges on market size, and how it interacts with other important factors such as the costs …
Persistent link: https://www.econbiz.de/10012927514
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Revisiting the Narrative Approach of Estimating Tax Multipliers
Hebous, Shafik - 2014
A number of recent studies regress a “narratively” identified measure of a macroeconomic shock directly on an outcome variable. In this note, we argue that this approach can be viewed as the reduced-form regression of an instrumental variable approach in which the narrative time series is...
Persistent link: https://www.econbiz.de/10013044520
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Fiscal Policy, Monopolistic Competition, and Finite Lives
Heijdra, Ben J. - 2006
multiplier; (ii) positive long-run output multipliers are obtained only if the generational turnover effect is dominated by the …
Persistent link: https://www.econbiz.de/10012783358
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Fiscal Multipliers and the Choice of Zero Lower Bound Modeling
Siemsen, Thomas - 2013
multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint …
Persistent link: https://www.econbiz.de/10013078525
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Food Prices and the Multiplier Effect of Export Policy
Giordani, Paolo E.; Rocha, Nadia; Ruta, Michele - 2021
countries give rise to a 'multiplier effect': when a shock in the international food market drives up (down) its price … activism. We test this theory with a new dataset that comprises monthly information on trade measures across 125 countries and … 29 food products for the period 2008-10, finding evidence of a multiplier effect. Global restrictions in a product (i …
Persistent link: https://www.econbiz.de/10013315923
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Should We Subsidize Longevity?
Leroux, M.‐L. - 2009
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10012763911
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The Political Economy of Sin Taxes
Haavio, Markus - 2009
We analyse the determination of taxes on harmful goods when consumers have self-control problems. We show that under reasonable assumptions, the socially optimal corrective tax exceeds the average distortion caused by self-control problems. Further, we analyse how individuals with self-control...
Persistent link: https://www.econbiz.de/10013159702
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The Role of Bounded Rationality and Imperfect Information in Subgame Perfect Implementation - An Empirical Investigation
Aghion, Philippe - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10013023914
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Tests of Policy Ineffectiveness in Macroeconometrics
Pesaran, M. Hashem - 2014
This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...
Persistent link: https://www.econbiz.de/10013050473
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The Johansson-Samuelson Theorem in General Equilibrium : A Rebuttal
Menoncin, Francesco - 2008
The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does...
Persistent link: https://www.econbiz.de/10012771199