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On fiscal multipliers: Estimates from a medium scale DSGE model
Zubairy, Sarah - 2010
This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model, that features a rich fiscal policy block and a transmission mechanism for government spending shocks, using Bayesian...
Persistent link: https://www.econbiz.de/10010279882
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The welfare implications of fiscal dominance
De Resende, Carlos; Rebei, Nooman - 2008
This paper studies the interdependence between fiscal and monetary policy in a DSGE model with sticky prices and non-zero trend inflation. We characterize the fiscal and monetary policies by a rule whereby a given fraction k of the government debt must be backed by the discounted value of...
Persistent link: https://www.econbiz.de/10010280002
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Effects of income and financial strain on risky social behaviour in the COVID-19 era : a comparison of the US and Canada
Frechette, Michael; Reilly, Timothy - In: Journal of marketing management : JMM ; journal of the … 37 (2021) 17/18, pp. 1954-1971
Persistent link: https://www.econbiz.de/10013206301
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Involvement in environmental causes, does the joint effect between subjective income and the performance of the country matter?
Melgar, Natalia; Rossi, Máximo - In: Revista de economía del Rosario 15 (2012) 1, pp. 1-18
Persistent link: https://www.econbiz.de/10010208718
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Chapter 6 Educational Wage Premiums and the U.S. Income Distribution: A Survey
Deere, Donald R.; Vesovic, Jelena - In: Handbook of the economics of education : volume 1, (pp. 255-306). 2006
This chapter discusses the large literature and numerous issues regarding education-related differences in income in …. Following the 1940 Decennial Census, which collected information on educational attainment and on earned income and time worked … 1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital …
Persistent link: https://www.econbiz.de/10014023737
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Transmission of shocks to the Chinese economy in a global context: A model-based approach
Bailliu, Jeannine; Blagrave, Patrick - 2010
To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and...
Persistent link: https://www.econbiz.de/10010279857
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Human capital risk and the firmsize wage premium
Leung, Danny; Ueberfeldt, Alexander - 2008
Why do employed persons in large firms earn more than employed persons in small firms, even after controlling for observable characteristics? Complementary to previous results, this paper proposes a mechanism that gives an answer to this question. In the model, individuals accumulate human...
Persistent link: https://www.econbiz.de/10010279870
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The propagation of U.S. shocks to Canada: Understanding the role of real-financial linkages
Beaton, Kimberly; Lalonde, René; Snudden, Stephen - 2010
This paper examines the transmission of U.S. real and financial shocks to Canada and, in particular, the role of financial frictions in affecting the transmission of these shocks. These questions are addressed within the Bank of Canada's Global Economy Model (de Resende et al. forthcoming), a...
Persistent link: https://www.econbiz.de/10010279894
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Unsecured debt, consumer bankruptcy, and small business
Meh, Césaire A.; Terajima, Yaz - 2008
In this paper we develop a quantitative model of entrepreneurial activity (risk-taking) and consumer bankruptcy choices and use the model to study the effects of bankruptcy regulations on entrepreneurial activity, bankruptcy rate and welfare. We show that eliminating bankruptcy exemptions leads...
Persistent link: https://www.econbiz.de/10010279897
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How changes in oil prices affect the macroeconomy
DePratto, Brian; De Resende, Carlos; Maier, Philipp - 2009
We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be transmitted through temporary demand and supply channels (affecting the output gap), as well as through persistent supply side...
Persistent link: https://www.econbiz.de/10010279904