Narrow search
Showing 1 - 10 of 1,889
Cover Image
Fiscal multipliers over the business cycle
Michaillat, Pascal - 2012
Persistent link: https://www.econbiz.de/10009426268
Cover Image
EU regional policy : its theoretical foundations and their policy conclusions revisited
Schmidt, Peter - 2014 - Draft
This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...
Persistent link: https://www.econbiz.de/10011487099
Cover Image
Expectations formation, sticky prices, and the ZLB
Bersson, Betsy; Hürtgen, Patrick; Paustian, Matthias - 2019
At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...
Persistent link: https://www.econbiz.de/10012101259
Cover Image
Job creation in tight and slack labor markets
Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019
Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations...
Persistent link: https://www.econbiz.de/10012033285
Cover Image
The multiplier effect in two-sided markets with bilateral investments
Dizdar, Deniz; Moldovanu, Benny; Szech, Nora - 2017
properties of the equilibrium investment behavior. The bilateral external benefits induce an investment multiplier effect. This … multiplier effect depends in a complex way on agents' uncertainty about their rank within their own market side and on their … uncertainty about the types and investments of potential partners. We study how the multiplier effect depends on market size and …
Persistent link: https://www.econbiz.de/10011758059
Cover Image
Aristotle vs. Plato : the distributive origins of the Cold War
Grigoriadis, Theocharis - 2018
Competing definitions of justice in Plato's Republic and Aristotle's Politics indicate the existence of two distinct economic systems with different normative priorities. The three-class society of the Platonic economy (guardians, auxiliaries, producers) gives rise to guardians who by virtue are...
Persistent link: https://www.econbiz.de/10011861375
Cover Image
Fiscal multipliers and time preference
Marcheggiano, Gilberto; Miles, David - 2013
expenditure multiplier. This study uses recent cross-country data on reported rates of time preferences gathered by Wang, Rieger … expenditure multiplier. Our findings may help to explain some of the differences in view over the optimal path for fiscal …
Persistent link: https://www.econbiz.de/10009692601
Cover Image
New Keynesian versus old Keynesian government spending multipliers : a comment
Hughes Hallett, Andrew; Rannenberg, Ansgar; Schreiber, Sven - 2014
multiplier far below one. However, the stimulus ́multiplier strongly depends on the assumed monetary policy response. Based on …
Persistent link: https://www.econbiz.de/10010258714
Cover Image
Biases in fiscal multiplier estimates
Asatryan, Zareh; Havlik, Annika; Heinemann, Friedrich; … - 2019
variance in multiplier estimates can be explained by the national imprint and various author incentives. For this purpose, we … matter for the degree and direction of multiplier estimates. These potential biases largely disappear for teams of …
Persistent link: https://www.econbiz.de/10012029022
Cover Image
Fiscal multipliers of central, state and local government and of the social security funds in Germany : evidence of a SVAR
Hollmayr, Josef; Kuckuck, Jan - 2018
By applying a Structural Vector Autoregressive (SVAR) approach this paper estimates the effects of fiscal policy shocks of different government sub-sectors on aggregate GDP in Germany. From a general government perspective, the results show that besides investment, it is particularly changes in...
Persistent link: https://www.econbiz.de/10011897960