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The role of MPC heterogeneity for fiscal and monetary policy in the Euro Area

Albacete, Nicolas; Fessler, Pirmin; Pekanov, Atanas - 2024

- we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC …) for fiscal policy in the Euro area. We document an average MPC of 0.46 in the Euro area and illustrate its heterogeneity … (empirically measured heterogeneity of) MPC affects fiscal policy and makes it more effective in stimulating GDP growth than under …

Persistent link: https://www.econbiz.de/10014486919

Asset supply and liquidity transformation in HANK

Chiang, Yu-Ting; Zoch, Piotr - 2022

Persistent link: https://www.econbiz.de/10013465027

The impact of fiscal policy on income distribution in Tanzania : a computable general equilibrium analysis

Maskaeva, Asiya I.; Mmasa, Joel J.; Lema, Nicodemas C.; … - 2019

Persistent link: https://www.econbiz.de/10012052989

Government fiscal policies and redistribution in Asian countries

Claus, Iris; Martinez-Vazquez, Jorge; Vulovic, Violeta - 2012

Persistent link: https://www.econbiz.de/10009565869

Opening the black box of austerity : evidence from fiscal consolidation plans

Franconi, Alessandro - 2021

Persistent link: https://www.econbiz.de/10013169613

Should the rich be taxed more? : the fiscal inequality coefficient

Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2017

This paper holistically addresses the effective (relative) income tax contribution of a given income (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...

Persistent link: https://www.econbiz.de/10011756097