Narrow search
Showing 1 - 10 of 189
Cover Image
Optimal government spending and unemployment
Linnemann, Ludger; Schabert, Andreas - 2008 - This version: February 29, 2008
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...
Persistent link: https://www.econbiz.de/10011374417
Cover Image
Debt non-neutrality, policy interactions, and macroeconomic stability
Linnemann, Ludger; Schabert, Andreas - 2005
We study the consequences of non-neutrality of government debt for macroeconomic stabilization policy in an environment where prices are sticky. Assuming transaction services of government bonds, Ricardian equivalence fails because public debt has a negative impact on its marginal rate of return...
Persistent link: https://www.econbiz.de/10011346485
Cover Image
Advances in financial risk management and economic policy uncertainty : an overview
Hammoudeh, Shawkat; McAleer, Michael - 2014
Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty … and financial crises. The purpose of this special issue on "Advances in Financial Risk Management and Economic Policy … methods have contributed significantly to the analysis of financial risk management when there is economic uncertainty …
Persistent link: https://www.econbiz.de/10010366930
Cover Image
Productive government expenditure in monetary business cycle models
Linnemann, Ludger; Schabert, Andreas - 2005
This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models'...
Persistent link: https://www.econbiz.de/10011343264
Cover Image
Heterogeneity in manufacturing growth risk
Opschoor, Daan; Dijk, Dick van; Franses, Philip Hans - 2021
We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi …-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable …
Persistent link: https://www.econbiz.de/10012510760
Cover Image
Cyclical consumption
Berger, Tino; Pozzi, Lorenzo - 2023
Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
Persistent link: https://www.econbiz.de/10014380708
Cover Image
Unraveling the shift to the entrepreneurial economy
Audretsch, David B.; Thurik, Adriaan R. - 2011 - Current version: April 2011
A recent literature has emerged providing compelling evidence that a major shift in the organization of the developed economies has been taking place: away from what has been characterized as the managed economy towards the entrepreneurial economy. In particular, the empirical evidence provides...
Persistent link: https://www.econbiz.de/10011381042
Cover Image
The COVID-19 consumption game-changer : evidence from a large-scale multi-country survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021 - Version: 2021-10-17
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012665880
Cover Image
Optimal fiscal policy
Lukkezen, Jasper; Teulings, Coen N. - 2013
Persistent link: https://www.econbiz.de/10010191401
Cover Image
Property transfer taxes, residential mobility, and welfare
Schmidt, Daniel Jonas - 2022
In this paper, I develop an overlapping generations model to analyze the effects of property transfer taxes on homeownership, residential mobility, and welfare in the Netherlands. A revenue-neutral abolition of the 2% transfer tax increases the likelihood that homeowners sell their old house and...
Persistent link: https://www.econbiz.de/10013332732