Similar Search Results

To react or not? : fiscal policy, volatility and welfare in the EU-3

Malley, James R. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003495749

Tax smoothing in a business cycle model with capital-skill complementarity

Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - 2014

public consumption as well as total factor and capital equipment productivity. Our main finding is that an empirically …

Persistent link: https://www.econbiz.de/10010340166

Electoral uncertainty, fiscal policies & growth : theory and evidence from Germany, the UK and the US

Oikonomidēs, Geōrgios; Malley, James R.; … - 2003

between public consumption and production services. The main theoretical prediction is that forward-looking incumbents, with … productivity of public production services, the weight which households place on public consumption services relative to private … consumption and the time discount rate. Moreover, we find that changes in electoral uncertainty produce the longest lasting …

Persistent link: https://www.econbiz.de/10011511068

Fiscal multipliers in a two-sector search and matching model

Angelopulos, Kōnstantinos; Jiang, Wei; Malley, James R. - 2015

This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...

Persistent link: https://www.econbiz.de/10010477900

Electoral uncertainty, fiscal policy and macroeconomic fluctuations

Malley, James R. (contributor); … - 2005

In this paper we study the link between elections, fiscal policy and aggregate fluctuations. The set-up is a stylized dynamic stochastic general equilibrium model incorporating both technology and political re-election shocks. The later are incorporated via a two-party model with elections. The...

Persistent link: https://www.econbiz.de/10003203561

The macroeconomic effects of funding U.S. infrastructure

Malley, James R.; Philippopulos, Apostolēs - 2022

multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income … taxes and below one for corporate taxes. We also show that except for the consumption tax, the size of the multipliers …

Persistent link: https://www.econbiz.de/10012801569

Economic growth and endogenous fiscal policy : in search of a data consistent general equilibrium model

Malley, James R.; Philippopulos, Apostolēs - 2000

This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the period 1960-1996. Our search is conducted in the...

Persistent link: https://www.econbiz.de/10009781505

Time-consistent fiscal policy under heterogeneity : conflicting or common interests?

Angelopoulos, Konstantinos; Malley, James R.; … - 2011

This paper studies the aggregate and distributional implications of Markov-perfect taxspending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...

Persistent link: https://www.econbiz.de/10009127740

Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe

Leith, Campbell B.; Malley, James R. - 2002

NKPC. Specifically our model accounts for nominal inertia in both price and wage setting as well for habits in consumption … present in European consumption. Finally we simulate the effects of monetary policy and find that while the magnitude of the …

Persistent link: https://www.econbiz.de/10011409738