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Understanding the size of the government spending multiplier : it's in the sign
Barnichon, Regis; Debortoli, Davide; Matthes, Christian - In: The review of economic studies : RES 89 (2022) 1, pp. 87-117
Persistent link: https://www.econbiz.de/10012799334
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Sticky wages, private consumption, and fiscal multipliers
Dupor, Bill; Li, Jingchao; Li, Rong - In: Journal of macroeconomics 62 (2019), pp. 1-15
Persistent link: https://www.econbiz.de/10012243485
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The fiscal multiplier with heterogeneous agents : the role of wealth, wealth distribution, and interest rates under Ricardian equivalence
Sedgley, Norman H.; Scott, Charles E.; Derrick, Frederick W. - In: Review of Keynesian economics 3 (2015) 3, pp. 419-432
Persistent link: https://www.econbiz.de/10011312368
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Fiscal multipliers and the choice of zero lower bound modeling
Siemsen, Thomas; Watzka, Sebastian - 2013
In this note we elaborate on the effect of the modeling choice of the zero lower bound on the size of the fiscal multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an endogenous central bank reaction to a contractionary demand...
Persistent link: https://www.econbiz.de/10009772911
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Exit strategies
Angeloni, Ignazio; Faia, Ester; Winkler, Roland - 2014 - First draft: August 2010. This draft: April 2014
We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using a macromodel where banks choose their capital structure and are subject to runs. Under a Taylor rule, the post-crisis interest rate hits the zero lower bound (ZLB) and remains there for several...
Persistent link: https://www.econbiz.de/10010354007
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Financial fragility and the fiscal multiplier
Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2014
multipliers. When in addition sovereign default risk is introduced, additional capital losses may occur and outcomes deteriorate … negative. We do not argue that multipliers are always negative; but financial fragility and sovereign risk problems may …
Persistent link: https://www.econbiz.de/10010226967
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EMU and the cyclical behavior of fiscal policy : a suggested interpretation
Landmann, Oliver - 2014 - Rev.
Fiscal policy is widely criticized for its failure to act as a stabilizing countercyclical force in the European Monetary Union. Two periods should be distinguished: Prior to the Financial Crisis of 2008, when monetary policy had traction to pursue stability for the aggregate eurozone, fiscal...
Persistent link: https://www.econbiz.de/10010401689
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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
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How harmful are cuts in public employment and wage in times of high unemployment?
Betti, Thierry; Coudert, Thomas - In: Bulletin of economic research 74 (2022) 1, pp. 247-277
Persistent link: https://www.econbiz.de/10012819312
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Effects of cross country fiscal interdependence on multipliers within a monetary union
Kunzmann, Vanessa - 2022
This paper analyzes the effects of time-varying fiscal policy behavior on output and consumption multipliers within a … rigidities. I first show that multipliers differ significantly across fiscal regime mixes that follow a two-state Markov … calibration results show that consumption multipliers to be small and negative. However, the output multiplier is positive and …
Persistent link: https://www.econbiz.de/10012887782