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Fiscal policy dynamics under a consolidation constraint : evidence from a sign-restricted SVAR with orthogonalized business cycle and monetary policy for Australia

Inchauspe, Julian - In: Applied economics 53 (2021) 34, pp. 3992-4016

Persistent link: https://www.econbiz.de/10012589552

Real business cycle theory and monetary policy : the multiplier approach

Smant, David Jan Cornelis - In: Applied economics 30 (1998) 8, pp. 1037-1053

Persistent link: https://www.econbiz.de/10001251267

On the stability of the money multiplier in Nigeria : co-integration analyses with regime shifts in banking system liquidity

Tule, K. Moses; Ajilore, O. Taiwo - In: Cogent economics & finance 4 (2016) 1, pp. 1-16

stability of the money multiplier, utilizing methodological procedures that allow for the explicit consideration of regime shift … bias in the specification of the model and the empirical estimation. The study found the existence of a stable long run … multiplier frame work is satisfied for Nigeria. Also, the spate of quantitative easing by the Central Bank of Nigeria to …

Persistent link: https://www.econbiz.de/10011530617

Expectations formation, sticky prices, and the ZLB

Bersson, Betsy; Hürtgen, Patrick; Paustian, Matthias - 2019

At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...

Persistent link: https://www.econbiz.de/10012101259

The size of fiscal multipliers and the stance of monetary policy in developing economies

Ojeda-Joya, Jair N.; Guzman, Oscar E. - 2017 - This version: February 2017

In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies. Our goal is to better understand the reasons for the low fiscal multipliers found in the literature by performing estimations for alternative exchange rate regimes,...

Persistent link: https://www.econbiz.de/10011620815