Similar Search Results

Bergin, Paul R.; Feenstra, Robert C.; Hanson, Gordon H. - 2007

, recently there have been misgivings regarding its fickleness and volatility. This paper is among the first in the trade … this finding. We then develop a stochastic model of outsourcing with heterogeneous firms that can explain this volatility …, recently there have been misgivings regarding its fickleness and volatility. This paper is among the first in the trade …

Persistent link: https://www.econbiz.de/10003484887

Measuring the Output Responses to Fiscal Policy

Auerbach, Alan J. - 2010

A key issue in current research and policy is the size of fiscal multipliers when the economy is in recession. Using a variety of methods and data sources, we provide three insights. First, using regime-switching models, we estimate effects of tax and spending policies that can vary over the...

Persistent link: https://www.econbiz.de/10013138745

Fiscal multipliers in the COVID-19 recession

Auerbach, Alan J.; Gorodnichenko, Yuriy; McCrory, Peter B. - 2021

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