Showing 1 - 10 of 1,751
We argue that the government spending multiplier can be very large when the nominal interest rate is constant. We focus on a natural case in which the interest rate is constant, which is when the zero lower bound on nominal interest rates binds. For the economies that we consider it is optimal...
Persistent link: https://www.econbiz.de/10013069245
Persistent link: https://www.econbiz.de/10013021974
the sustainability of such an equilibrium is feedback from increased growth to an increase in the supply of effective … the interest rate exceeds the rate of growth of the economy …
Persistent link: https://www.econbiz.de/10014100918
, provided that the level of deficits is not too large. In these equilibria, the real interest rate is below the growth rate of …
Persistent link: https://www.econbiz.de/10014322820
of inflation on unemployment. -- Efficiency wages ; money growth ; long-run Phillips curve ; trend inflation ; wage …
Persistent link: https://www.econbiz.de/10009244389
Trend extraction from time series is often performed by using the filter proposed by Leser (1961), also known as the …
Persistent link: https://www.econbiz.de/10003951479
’s two-parameter linear exponential smoothing, and decomposition techniques are used as analytical tools. The research … compares the ANN’s findings with the Conventional Time - Series data sets (Smoothing & Decomposition Techniques). To emphasise …, exponential smoothing, Brown’s single-parameter linear, exponential smoothing, Brown’s second-order exponential smoothing, Holt …
Persistent link: https://www.econbiz.de/10014366000
If the government announces the termination of a subsidy paid for an irreversible investment under uncertainty, investors might decide to realize their investment so as to obtain the subsidy. These investors might have postponed an investment if future payment were assured. Depending on the...
Persistent link: https://www.econbiz.de/10003766754
It is regularly stated that political fragmentation has negative effects on reforms leading to delays or even blockades. This connection is reflected in the ‘weak government hypothesis’ arguing that fragmented governments create higher budget deficits. Although the assumption seems logical,...
Persistent link: https://www.econbiz.de/10003867692
We construct an overlapping generations model in which agents live through two periods; childhood and adulthood. Each agent makes choices only as an adult, based on her utility that depends on her own consumption and the human capital and environmental quality endowed to her offspring. Entering...
Persistent link: https://www.econbiz.de/10008903420