Similar Search Results

Should the fiscal authority avoid implementation lag?

Eguchi, Masataka; Niwa, Hidekazu; Tsuruga, Takayuki - 2022

Implementation lags are one of policymakers' concerns about fiscal policies, as these may reduce their efficacy. Using a standard New Keynesian model with an effective lower bound on the nominal interest rate, we compare the impacts of fiscal stimulus on output across various lengths of...

Persistent link: https://www.econbiz.de/10013449404

The short- and long-run effects of fiscal consolidation in dynamic general equilibrium : conference paper

Schwarzmüller, Tim; Wolters, Maik H. - 2014 - Very preliminary, work in progress!

ordering these consolidation strategies by multiplier size or their welfare consequences leads to very different rankings. With …

Persistent link: https://www.econbiz.de/10010486056

Clearing Up the Fiscal Multiplier Morass

Leeper, Eric M. - 2015

We use Bayesian prior and posterior analysis of a monetary DSGE model, extended to include fiscal details and two distinct monetary-fiscal policy regimes, to quantify government spending multipliers in U.S. data. The combination of model specification, observable data, and relatively diffuse...

Persistent link: https://www.econbiz.de/10013018514

Sticky Wages, Monetary Policy and Fiscal Policy Multipliers

Dupor, Bill - 2019

This paper demonstrates how adding nominal wage rigidity to a standard sticky price model can create a mechanism by which increases in government spending cause increases in consumption. The increase in output arising from government purchases puts upward pressure on the price level. At a fixed...

Persistent link: https://www.econbiz.de/10013210473

Why are fiscal multipliers moderate even under monetary accommodation?

Bredemeier, Christian; Jüßen, Falko; Schabert, Andreas - 2021 - This version: March 23, 2021

The COVID-19 pandemic forced much of the world to adapt suddenly to severe restrictions. In this study, we attempt to quantify the impact of the pandemic on student performance in higher education. To collect data on important covariates, we conducted a survey among first-year students of...

Persistent link: https://www.econbiz.de/10012499494

Government Spending between Active and Passive Monetary Policy

Philipps, Collin - 2021

Conventional wisdom suggests that the government spending multiplier is larger when the central bank raises nominal … the monetary policy rule constant after a government spending shock. We show that the multiplier does not depend on … policy in response to the economic condition after the government spending shock leaves the multiplier almost completely …

Persistent link: https://www.econbiz.de/10013241858

The Active and Passive Fiscal-Monetary Policy Regimes and India’s Government Expenditure Shocks : Which Stand Matters the Most?

Sachdeva, Paras; Ahmad, Wasim - 2023

This paper employs the DSGE model with rich fiscal block to examine the asymmetries in the transmission and effectiveness of the government expenditure shock across the active fiscal and passive monetary policy (AFPM) regime and the active monetary and passive fiscal policy (AMPF) regime in the...

Persistent link: https://www.econbiz.de/10014349396

What do we know about the macroeconomic effects of fiscal policy? : a brief survey of the literature on fiscal multipliers

Castelnuovo, Efrem; Lim, Guay C. - 2018

This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are...

Persistent link: https://www.econbiz.de/10011933907

The expected inflation channel of government spending in the postwar U.S.

Dupor, Bill; Li, Rong - In: European economic review : EER 74 (2015), pp. 36-56

Persistent link: https://www.econbiz.de/10011522583

Big G

Cox, Lydia; Müller, Gernot J.; Pasten, Ernesto; … - 2020

impact inﬂation, little crowding out of private expenditure exists, and the multiplier tends to be larger compared to a one …

Persistent link: https://www.econbiz.de/10012206057

1
2
3
4
5
6
7
8
9
10
Next
Last