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Walker, Todd B.; Leeper, Eric M.; Yang, Shu-Chun S. - International Monetary Fund (IMF) - 2012

react. Using tax policies as a leading example of foresight, simple theory makes transparent the economic behavior and … tax changes hinge critically on hypothesized information flows. Different methods for extracting or hypothesizing the …

Persistent link: https://www.econbiz.de/10010790371

Government Investment and Fiscal Stimulus

Yang, Shu-Chun S.; Walker, Todd B.; Leeper, Eric M. - International Monetary Fund (IMF) - 2010

Effects of government investment are studied in an estimated neoclassical growth model. The analysis focuses on two dimensions that are critical for understanding government investment as a fiscal stimulus: implementation delays for building public capital and expected fiscal adjustments to...

Persistent link: https://www.econbiz.de/10008680271