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The randomized trial literature has helped to renew the fields of microeconometric policy evaluation by emphasizing identification issues raised by endogenous program participation. Measurement and attrition issues have perhaps received less attention. This paper analyzes the dramatic impact of...
Persistent link: https://www.econbiz.de/10013159683
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models … turnover costs and workers' heterogeneity to measure fiscal multipliers. We compute short and long run multipliers and open … multipliers; income tax cuts and hiring subsidies deliver larger multipliers, as they reduce distortions in sclerotic labour …
Persistent link: https://www.econbiz.de/10013146168