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Multiplier (MM) approach. The analysis is performed through the Hybrid Input-Output (I-O) model that allows expressing the energy … of electricity production from RES. -- Environmental Policy ; Hybrid I-O model ; Macro Multiplier …
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, followed by the multiplier effect. Both of the two effects are closely related to the intermediate input linkage, and thus shed …
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This paper demonstrates how adding nominal wage rigidity to a standard sticky price model can create a mechanism by which increases in government spending cause increases in consumption. The increase in output arising from government purchases puts upward pressure on the price level. At a fixed...
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We argue that the fiscal multiplier of government purchases is increasing in the spending shock, in contrast to what is … assumed in most of the literature. The fiscal multiplier is largest for large positive government spending shocks and smallest …
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