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Persistent link: https://www.econbiz.de/10011419570
We build an agent-based model populated by households with heterogenous and time-varying financial conditions in order to study how fiscal multipliers can change over the business cycle and are affected by the state of credit markets. We find that deficit-spending fiscal policy dampens the...
Persistent link: https://www.econbiz.de/10011292284
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 link: https://www.econbiz.de/10012964282
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment opportunities affect inequality and aggregate income dynamics. The economy is populated by households who can invest in alternative projects associated with different...
Persistent link: https://www.econbiz.de/10012584308
Persistent link: https://www.econbiz.de/10012623733
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
Persistent link: https://www.econbiz.de/10011791453
The authors build a simple agent-based model populated by households with heterogenous and time-varying financial conditions in order to study how fiscal multipliers can change over the business cycle and are affected by the state of credit markets. They find that deficit-spending fiscal policy...
Persistent link: https://www.econbiz.de/10011761857
Persistent link: https://www.econbiz.de/10011707513
Persistent link: https://www.econbiz.de/10014472042