Showing 1 - 10 of 65
Persistent link: https://www.econbiz.de/10011670842
We investigate the effect of electoral rules and political regimes on fiscal policy outcomes in a panel of 61 democracies from 1960 and onwards. In presidential regimes, the size of government is smaller and less responsive to income shocks, compared to parliamentary regimes. Under majoritarian...
Persistent link: https://www.econbiz.de/10011398379
Persistent link: https://www.econbiz.de/10013423484
Persistent link: https://www.econbiz.de/10013424513
whether nominal price and/or wage rigidities are due to New-Keynesian, Old-Keynesian or sticky-information Phillips curves …
Persistent link: https://www.econbiz.de/10011604655
In this paper, we study Ramsey-optimal fiscal and monetary policy in a mediumscale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...
Persistent link: https://www.econbiz.de/10011604658
Persistent link: https://www.econbiz.de/10000732985
Persistent link: https://www.econbiz.de/10000652311
Persistent link: https://www.econbiz.de/10000659392
Persistent link: https://www.econbiz.de/10003456474