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The credit channel of capital tax policy
Strulik, Holger (contributor) - 2007
A neoclassical growth model is augmented by a corporate sector, financial intermediation, and a set of tax rates. In … are investigated with a special focus on the credit channel that operates through the finance decision of firms. The … capital structure. Nevertheless, the credit channel creates relatively small effects of tax reforms on consumption, investment …
Persistent link: https://www.econbiz.de/10003482450
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A note on variable capital utilization in growth and business cycle theory
Strulik, Holger; Trimborn, Timo - In: Macroeconomic dynamics 19 (2015) 7, pp. 1622-1632
Persistent link: https://www.econbiz.de/10011515394
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Natural disasters and macroeconomic performance
Strulik, Holger; Trimborn, Timo - In: Environmental & resource economics : the official … 72 (2019) 4, pp. 1069-1098
Persistent link: https://www.econbiz.de/10012130480
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From tradition to modernity : economic growth in a small world
Lindner, Ines - In: Journal of development economics 109 (2014), pp. 17-29
Persistent link: https://www.econbiz.de/10011292530
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An economic theory of depression and its impact on health behavior and longevity
Strulik, Holger - In: Journal of economic behavior & organization : JEBO 158 (2019), pp. 269-287
Persistent link: https://www.econbiz.de/10012138557
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An economic theory of depression and its impact on health behavior and longevity
Strulik, Holger - 2018
In this paper, I introduce depression to the economics of human health and aging. Based on studies from happiness research, depression is conceptualized as a drastic loss of utility and value of life (life satisfaction) for unchanged fundamentals. The model is used to explain how untreated...
Persistent link: https://www.econbiz.de/10011786014
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The dark side of fiscal stimulus
Strulik, Holger; Trimborn, Timo - 2011
The output multiplier turns negative before a deficit spending program expires. We show the generality of this unpleasant finding for the standard real business cycle model. We then calibrate an extended model for the US and demonstrate how fiscal stimulus slows down economic recovery from...
Persistent link: https://www.econbiz.de/10008909549
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The dark side of fiscal stimulus
Strulik, Holger; Trimborn, Timo - 2011
Persistent link: https://www.econbiz.de/10009356327
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The dark side of fiscal stimulus
Strulik, Holger; Trimborn, Timo - 2013 - First Version: February 2011, This Version: January 2013
Most of the discussion about fiscal stimulus focuses on the multiplier of government spending on impact. In this paper we shift the focus to the multiplier at the end, i.e. to the period in which a deficit spending program terminates. We show that recent time series analyses as well as economic...
Persistent link: https://www.econbiz.de/10009689908
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The Dark Side of Fiscal Stimulus
Strulik, Holger - 2011
The output multiplier turns negative before a deficit spending program expires. We show the generality of this unpleasant finding for the standard real business cycle model. We then calibrate an extended model for the US and demonstrate how fiscal stimulus slows down economic recovery from...
Persistent link: https://www.econbiz.de/10013129021