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Fiscal, Monetary, and Financial Interactions in Dynamic General Equilibrium

Strulik, Holger - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2008

This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...

Persistent link: https://www.econbiz.de/10005464696

Natural disasters and macroeconomic performance: The role of residential investment

Strulik, Holger; Trimborn, Timo - Center for European, Governance and Economic … - 2014

Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple...

Persistent link: https://www.econbiz.de/10011076218

Fiscal Stimulus: A Neoclassical Perspective

Strulik, Holger; Trimborn, Timo - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2009

Can a large-scale defcit spending program speed up recovery after recession? To answer that question we calibrate a …

Persistent link: https://www.econbiz.de/10004993710

The dark side of fiscal stimulus

Strulik, Holger; Trimborn, Timo - Center for European, Governance and Economic … - 2013

from a recession in the medium-run. …

Persistent link: https://www.econbiz.de/10010954341

The Dark Side of Fiscal Stimulus

Trimborn, Timo; Strulik, Holger - Verein für Socialpolitik - VfS - 2011

fiscal stimulus slows down economic recovery from recession in the medium-run. We discuss the slowdown from recovery w ….r.t. alternative assumptions about the size and persistence of the initial shock (severity of the recession), the assumed power of the … similar independent from whether a recession was caused by an efficiency wedge (input-financing frictions) or a labor wedge …

Persistent link: https://www.econbiz.de/10010957288

The Dark Side of Fiscal Stimulus

Strulik, Holger; Trimborn, Timo - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2011

fiscal stimulus slows down economic recovery from recession in the medium-run. We discuss the slowdown from recovery w ….r.t.\ alternative assumptions about the size and persistence of the initial shock (severity of the recession), the assumed power of the … similar independent from whether a recession was caused by an efficiency wedge (input-financing frictions) or a labor wedge …

Persistent link: https://www.econbiz.de/10008853128

Preferences, income, and life satisfaction: An equivalence result

Strulik, Holger - Center for European, Governance and Economic … - 2013

In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the standard model of endogenous economic growth under different behavioral assumptions. The solution rationalizes why the empirical association between income and life satisfaction is...

Persistent link: https://www.econbiz.de/10010954285

The great divergence: A network approach

Lindner, Ines; Strulik, Holger - Center for European, Governance and Economic … - 2014

We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any country depends on its connections to the rest of...

Persistent link: https://www.econbiz.de/10010954295

Life expectancy, labor supply, and long-run growth: Reconciling theory and evidence

Strulik, Holger; Werner, Katharina - Center for European, Governance and Economic … - 2012

We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...

Persistent link: https://www.econbiz.de/10010954344

Gender equity and the escape from poverty

Prettner, Klaus; Strulik, Holger - Center for European, Governance and Economic … - 2014

We set up a unified growth model with gender-specific differences in tastes for consumption, fertility, education of daughters and sons, and consider the intra-household bargaining power of spouses. In line with the empirical regularity for less developed countries, we assume that mothers desire...

Persistent link: https://www.econbiz.de/10010954353