Narrow search
Showing 1 - 10 of 10,346
Cover Image
Inequality, imperfect competition, and fiscal policy
Balamatsias, Pavlos - 2017
budget multiplier. Results show that in highly unequal economies the maximum net increase in output and expenditure comes …
Persistent link: https://www.econbiz.de/10011904544
Cover Image
Fiscal multipliers : a heterogenous-agent perspective
Broer, Tobias; Krusell, Per; Öberg, Erik - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 799-816
We use an analytically tractable heterogeneous‐agent (HANK) version of the standard New Keynesian model to show how the size of fiscal multipliers depends on (i) the distribution of factor incomes, and (ii) the source of nominal rigidities. With sticky prices but flexible wages, the standard...
Persistent link: https://www.econbiz.de/10014342560
Cover Image
The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe
Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...
Persistent link: https://www.econbiz.de/10011924544
Cover Image
Inequality, redistributive policies and multiplier dynamics in an agent-based model with credit rationing
Palagi, Elisa; Moneta, Alessio; Napoletano, Mauro; … - 2017
We build an agent-based model populated by households with heterogenous and time-varying financial conditions in order to study how different inequality shocks affect income dynamics and the effects of different types of fiscal policy responses. We show that inequality shocks generate persistent...
Persistent link: https://www.econbiz.de/10011598685
Cover Image
Tax policy reform and universal basic income effectiveness in a currency union : implications for long-term growth, inequality, and welfare
Kame Babilla, Thierry U. - In: Journal of government and economics : JGE 10 (2023), pp. 1-15
This paper aims to assess tax policy reforms that can sustain universal basic income programs and foster long-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government and economics' debate, we developed a Dynamic Stochastic...
Persistent link: https://www.econbiz.de/10014414077
Cover Image
Inequality, fiscal policy and COVID19 restrictions in a demand-determined economy
Auerbach, Alan J.; Gorodnichenko, Yuriy; Murphy, Daniel P. - In: European economic review : EER 137 (2021), pp. 1-19
Persistent link: https://www.econbiz.de/10012697619
Cover Image
The burden of unanticipated government spending
Heer, Burkhard; Scharrer, Christian - 2016
We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a dynamic stochastic Overlapping Generations model with two types of households, Ricardian households and rule-of-thumb consumers. We demonstrate that an unexpected increase in...
Persistent link: https://www.econbiz.de/10011458011
Cover Image
Reorienting fiscal policy : a critical assessment of fiscal fine-tuning
Tcherneva, Pavlina R. - 2013
The present paper offers a fundamental critique of fiscal policy as it is understood in theory and exercised in …
Persistent link: https://www.econbiz.de/10009787031
Cover Image
Income distribution and the multiplier : an exploration of nonlinear distribution effects in linear Kaleckian distribution and growth models
Prante, Franz J. - 2019
In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to … certain conditions, an important consequence from the distribution-sensitive multiplier is that a higher wage share can have …-Kaleckian macroeconomic models. After a theoretical discussion on the implications of the distribution-sensitive multiplier in basic closed …
Persistent link: https://www.econbiz.de/10012060676
Cover Image
Fiscal Multipliers : A Heterogenous-Agent Perspective
Broer, Tobias; Krusell, Per; Öberg, Erik - National Bureau of Economic Research - 2021
We use an analytically tractable heterogeneous-agent (HANK) version of the standard New Keynesian model to show how the size of fiscal multipliers depends on i) the distribution of factor incomes, and ii) the source of nominal rigidities. With sticky prices but flexible wages, the standard...
Persistent link: https://www.econbiz.de/10012482584