Narrow search
Showing 81 - 90 of 56,899
Cover Image
Fiscal Policy with Heterogeneous Agents and Incomplete Markets
Heathcote, Jonathan - Economics Institute for Research (SIR), … - 1999
I undertake a quantitative investigation into the short run effects of changes in the timing of taxes for a model economy in which heterogeneous households trade only one asset and face a borrowing constraint. This asset market structure implies that the consumption of low wealth households is...
Persistent link: https://www.econbiz.de/10005190865
Cover Image
Government indebtedness and european consumers behaviour
Afonso, António - ISEG - School of Economics and Management, Department … - 2001
According to conventional macroeconomics, public debt has a significant effect on the economy since consumers see public debt as net wealth, however, according to the Ricardian Equivalence hypothesis, that effect would be absent. This paper’s results, obtained from Euler equation estimations,...
Persistent link: https://www.econbiz.de/10005593028
Cover Image
Does Ricardian equivalence hold? The relationship between public and private saving in Spain
Castro, Francisco de; Fernández, José Luis - In: Journal of Applied Economics XVI (2013) November, pp. 251-274
This paper aims to test the validity of the Ricardian proposition for the Spanish economy in two different frameworks: a) in traditional structural consumption equations and, b) in consumption functions stemming from Euler equations derived from a consumer’s maximization problem. Our results...
Persistent link: https://www.econbiz.de/10010720082
Cover Image
Economisirea în România – evoluţii şi factori determinanţi
Dumitru, Ionut; Mircea, Romulus; Jianu (Dumitru), Ionela - Volkswirtschaftliche Fakultät, … - 2011
The paper analyses the savings developments in Romania during transition in comparison with the other CEE countries, starting from the definition of savings from the national accounts. Moreover, saving analysis is performed by institutional sectors, especially for population and nonfinancial...
Persistent link: https://www.econbiz.de/10008854406
Cover Image
The Ricardian equivalence: A theoretical curiosity? Some indications for the Venezuelan case (1950-2010)
Sulbarán, Bladimir David Pozo - In: Economía 38 (2013) 35, pp. 101-125
data for the period 1950-2010 and Koyck rationalized model (1954), specifically, the model of adaptive expectations (Greene …
Persistent link: https://www.econbiz.de/10010962219
Cover Image
When do fiscal consolidations lead to consumption booms? Lessons from a laboratory experiment
Geiger, Martin; Luhan, Wolfgang; Scharler, Johann - 2015
According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …
Persistent link: https://www.econbiz.de/10011382733
Cover Image
The Effects of Fiscal Policy on Households during the COVID-19 Pandemic
Bui, Dzung; Dräger, Lena; Hayo, Bernd; Nghiem, Giang - 2021
channels through which financial support affects consumer sentiment are creating more optimism about macroeconomic expectations …
Persistent link: https://www.econbiz.de/10012623210
Cover Image
A Temporary VAT Cut as Unconventional Fiscal Policy
Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021
We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households’ consumption expenditures and their perceived...
Persistent link: https://www.econbiz.de/10012799699
Cover Image
When do fiscal consolidations lead to consumption booms? : lessons from a laboratory experiment
Geiger, Martin; Luhan, Wolfgang J.; Scharler, Johann - 2015
According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …
Persistent link: https://www.econbiz.de/10010509128
Cover Image
A temporary VAT cut as unconventional fiscal policy
Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021
We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households' consumption expenditures and their perceived...
Persistent link: https://www.econbiz.de/10012668478