The principles of income multiplier and the investment 'accelerator' play important role in determining the national income. This paper attempts to highlight that the ideas contained in Keynes' Multiplier and the Accelerator Principle are found in an Indian economic thought - Thirukkural, and...

Cilj ovoga rada je procijeniti Modiglijanijevu funkciju potrošnje u gospodarstvu Hrvatske koja osim efekta raspoloživog dohotka inkorporira i efekt bogatstva na potrošnju. Procjena je napravljena na kvartalnim podacima na dostupnoj statističkoj građi za razdoblje nakon 1997. godine....

Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy...

The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...