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On the macroeconomic implications of firm dynamics, banking, and reputation

Totzek, Alexander - 2011

Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and solution concepts for macroeconomic problems emerged, disappeared, and were combined in order to appropriately describe macroeconomic phenomena. Nowadays, New Keynesian frameworks are...

Persistent link: https://www.econbiz.de/10008907265

Fiscal stimulus to the rescue? : short-run benefits and potential long-run costs of fiscal deficits

Freedman, Charles; Kumhof, Michael; Laxton, Douglas; … - 2009

Persistent link: https://www.econbiz.de/10003920470

Global effects of fiscal stimulus during the crisis

Freedman, Charles; Kumhof, Michael; Laxton, Douglas; … - In: Journal of monetary economics 57 (2010) 5, pp. 506-526

Persistent link: https://www.econbiz.de/10008905101

Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Kumhof, Michael - 2009

.2 depending on the fiscal instrument, the extent of monetary accommodation and the presence of a financial accelerator mechanism …

Persistent link: https://www.econbiz.de/10013153762

Fiscal Stimulus to the Rescue? : Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Laxton, Douglas - 2009

.2 depending on the fiscal instrument, the extent of monetary accommodation and the presence of a financial accelerator mechanism …

Persistent link: https://www.econbiz.de/10014402228

Fiscal stimulus in a model with endogenous firm entry

Totzek, Alexander; Winkler, Roland - 2010

This paper explores different fiscal stimuli within a business cycle model with an endogenous number of firms. We demonstrate that a changing number of firms is a crucial dimension for evaluating fiscal policy since it accelerates the impacts of fiscal policy. In the presence of demand stimuli...