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Accounting Matrix (SAM) database and made a multiplier analysis to explore the linkages and estimate the multiplier coefficients … economy. The multiplier analysis shows that an exogenous shock to the agriculture-based industry has a higher multiplier …
Persistent link: https://www.econbiz.de/10013498894
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...
Persistent link: https://www.econbiz.de/10003945992
macroeconomic model which reproduces this observation. The model predicts that the fiscal multiplier takes conventional values …
Persistent link: https://www.econbiz.de/10010510610
.32 percentage points from the UI extension. We show that a moderately sized fiscal multiplier can rationalize our findings with the …
Persistent link: https://www.econbiz.de/10011595780
connects theory and data. We take input-output linkages across industries into account and make use of the recently established …
Persistent link: https://www.econbiz.de/10010516481
A mother's decision to participate in the labour market is correlated with those of the other mothers living in the same neighbourhood. This paper studies the extent to which this is causal. An identification problem exists because mothers with similar characteristics are often observed living...
Persistent link: https://www.econbiz.de/10003523071
that on investment wears out in the second year. The impact multiplier for income implies a substantial increase in income … due to remittances through the multiplier process. The remittances-induced output growth rate is highest during the early …
Persistent link: https://www.econbiz.de/10009313322
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012705410
responses to an aggregate fiscal multiplier using a multi-region, New Keynesian model with heterogeneous agents, incomplete … markets, and trade linkages. Our model is consistent with the estimated positive local multiplier, a result that distinguishes … multiplier is twice as large as the local multiplier because trade linkages propagate the effect of government spending across …
Persistent link: https://www.econbiz.de/10013187650
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574