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Understanding HANK : insights from a PRANK

Acharya, Sushant; Dogra, Keshav - 2018

Does market incompleteness radically transform the properties of monetary economies? Using an analytically tractable heterogeneous agent New Keynesian (HANK) model, we show that whether incomplete markets resolve "policy paradoxes" in the representative agent New Keynesian model (RANK) depends...

Persistent link: https://www.econbiz.de/10011795425

The fiscal multiplier

Mitman, Kurt; Manovskii, Iourii; Hagedorn, Marcus - 2019

Persistent link: https://www.econbiz.de/10012122977

The government spending multiplier in a model with the cost channel

Abo-Zaid, Salem - In: Macroeconomic dynamics 26 (2022) 1, pp. 72-101

Persistent link: https://www.econbiz.de/10013166203

Comparing tax and spending multipliers by controlling for monetary policy

Jalil, Andrew J. - In: International journal of economics and business research 12 (2016) 1, pp. 62-90

Persistent link: https://www.econbiz.de/10011630425

"Financial stability" safeguarding : modelling the Russian budgetary policy

Pilipenko, Andrey; Dikhtiar, Vasily I.; Baranova, Nina M. - In: International journal of economic policy in emerging … 12 (2019) 1, pp. 85-99

Persistent link: https://www.econbiz.de/10012022010

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

Comparing Tax and Spending Multipliers : It's All About Controlling for Monetary Policy

Jalil, Andrew - 2012

. My results suggest that for fiscal consolidations, the tax multiplier is larger than the spending multiplier. My … estimates indicate that whereas the tax multiplier is roughly 3 — similar to the recent estimates derived by Romer and Romer … (2010), the spending multiplier is close to zero. A number of caveats accompany these results, however …

Persistent link: https://www.econbiz.de/10013101241

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

Dissecting fiscal multipliers under the fiscal theory of the price level

Beck-Friis, Peder; Willems, Tim - In: European economic review : EER 95 (2017), pp. 62-83

Persistent link: https://www.econbiz.de/10011812008

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