Narrow search
Showing 1 - 10 of 247
Cover Image
The Limits to Fiscal Stimulus
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2009
The paper considers the case for an internationally coordinated further fiscal stimulus during the second half of 2009. Although this makes some of the analysis period-specific, most of the issues and principles considered are timeless. For a fiscal stimulus to be both effective there must be...
Persistent link: https://www.econbiz.de/10008557012
Cover Image
Housing Wealth Isn't Wealth
Buiter, Willem H. - 2014
A fall in house prices due to a change in fundamental value redistributes wealth from those long housing (for whom the …, of the Yaari-Blanchard OLG model used in the paper), there is no pure wealth effect on consumption from a change in house … prices driven by the housing demand of future generations will boost current consumption. There is a pure wealth effect on …
Persistent link: https://www.econbiz.de/10013068876
Cover Image
Housing Wealth Isn't Wealth
Buiter, Willem H. - 2011
A fall in house prices due to a change in its fundamental value redistributes wealth from those long housing (for whom … used in the paper, there is no pure wealth effect on consumption from a change in house prices if this represents a change … in their fundamental value. There is a pure wealth effect on consumption from a change in house prices if this reflects a …
Persistent link: https://www.econbiz.de/10013132170
Cover Image
Joys and pains of public debt
Buiter, Willem H. - In: Multidisciplinary economics : the birth of a new …, (pp. 209-224). 2005
Persistent link: https://www.econbiz.de/10003281621
Cover Image
The good and the bad fiscal theory of the price level
Buiter, Willem H. - 2017
Persistent link: https://www.econbiz.de/10011670281
Cover Image
Housing wealth isn't wealth
Buiter, Willem H. - In: Economics - The Open-Access, Open-Assessment E-Journal 4 (2010), pp. 1-29
A fall in house prices due to a change in fundamental value redistributes wealth from those long housing (for whom the …, of the Yaari-Blanchard OLG model used in the paper), there is no pure wealth effect on consumption from a change in house … prices driven by the housing demand of future generations will boost current consumption. There is a pure wealth effect on …
Persistent link: https://www.econbiz.de/10008611433
Cover Image
The Simple Analytics of Helicopter Money:Why It Works – Always
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2014
This paper aims to provide a rigorous analysis of Milton Friedman’s famous parable of the ‘helicopter’ drop of money. A helicopter drop of money is a permanent/irreversible increase in the nominal stock of fiat base money with a zero nominal interest rate, which respects the intertemporal...
Persistent link: https://www.econbiz.de/10011084422
Cover Image
The simple analytics of helicopter money: Why it works - always
Buiter, Willem H. - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-51
The author provides a rigorous analysis of Milton Friedman's parable of the "helicopter" drop of money a permanent/irreversible increase in the nominal stock of fiat base money rate which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010954781
Cover Image
The simple analytics of Helicopter money: Why it works - always
Buiter, Willem H. - Institut für Weltwirtschaft (IfW) - 2014
The authors provides a rigorous analysis of Milton Friedman's parable of the 'helicopter' drop of money - a permanent/irreversible increase in the nominal stock of fiat base money which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010956044
Cover Image
Housing wealth isn't wealth
Buiter, Willem H. - 2009
A fall in house prices due to a change in its fundamental value redistributes wealth from those long housing (for whom … used in the paper, there is no pure wealth effect on consumption from a change in house prices if this represents a change … in their fundamental value. There is a pure wealth effect on consumption from a change in house prices if this reflects a …
Persistent link: https://www.econbiz.de/10010299557