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consumption and the government spending multiplier, given that consumption and labor are somewhat complementary. -- Trend growth … ; price and wage staggering ; government spending multiplier …
Persistent link: https://www.econbiz.de/10008821669
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment opportunities affect inequality and aggregate income dynamics. The economy is populated by households who can invest in alternative projects associated with different...
Persistent link: https://www.econbiz.de/10012584308
taught us about such diverse subjects as the validity of the permanent income hypothesis, the size of the fiscal multiplier …
Persistent link: https://www.econbiz.de/10013025707
taught us about such diverse subjects as the validity of the Permanent Income Hypothesis, the size of the fiscal multiplier …
Persistent link: https://www.econbiz.de/10014024286
This paper analyzes the impact of cyclical fiscal policy on industry growth. Using Rajan and Zingales' (1998) difference-in-difference methodology on a panel data sample of manufacturing industries across 15 OECD countries over the period 1980-2005, we show that industries with relatively...
Persistent link: https://www.econbiz.de/10013067917
Persistent link: https://www.econbiz.de/10010256268
its effects over time. The estimation is also adapted to eliminate the bias that emerges when multiple shocks might oc … robust to different fiscal shocks datasets, the exclusion of particular countries and shocks, alternative estimation methods …
Persistent link: https://www.econbiz.de/10014229776
aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the …
Persistent link: https://www.econbiz.de/10013022238
Persistent link: https://www.econbiz.de/10012623733
Persistent link: https://www.econbiz.de/10014472042