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Incomes Policies and the Norwegian Economy 1973-93

Bowitz, Einar; Cappelen, Ådne - 1997

During the second half of the 1970s there was massive government interference in wage and price formation in Norway. Incomes policies changed in the first half of the 1980s - the hey days of "dynamic tax policies" in Norway - and during the second half of the 1980s new direct interventions in...

Persistent link: https://www.econbiz.de/10011967964

Cyclical fiscal policy, output volatility, and economic growth

Badinger, Harald - 2008

, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004 …, is negatively associated with economic growth. Third, there is no direct effect of cyclicality of economic growth other … (discretionary and) cyclical fiscal policy to improve growth performance by reducing volatility. …

Persistent link: https://www.econbiz.de/10010264336

The Environmental Multi-Sector DSGE model EMuSe: A technical documentation

Hinterlang, Natascha; Martin, Anika; Röhe, Oke; … - 2023

Climate change and climate policy will have far-reaching economic implications, thereby also posing new challenges for macroeconomic analysis. This is partly because climate risks have an important global dimension. Moreover, climate change and climate polices are likely to affect different...

Persistent link: https://www.econbiz.de/10014445739

How Far are We from the Slippery Slope? The Laffer Curve Revisited

Uhlig, Harald - 2011

a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We provide new tax rate data. The …-financing. The Laffer curve in consumption taxes does not have a peak. Endogenous growth and human capital accumulation locates the …

Persistent link: https://www.econbiz.de/10013134023

A Nudged Solution to Securities Fraud

Eckhart, Sonny - 2012

History has shown that crisis often serves as a condition precedent to social and regulatory reform. Since the 1990s, the public interest has also taken an advanced role in these reforms. As we have grown in scientific, technological, and economic sophistication, the public has increasingly...

Persistent link: https://www.econbiz.de/10013104918

How Do Laffer Curves Differ Across Countries?

Trabandt, Mathias - 2012

We seek to understand how Laffer curves differ across countries in the U.S. and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...

Persistent link: https://www.econbiz.de/10013105927

When is the Government Spending Multiplier Large?

Christiano, Lawrence J. - 2014

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

Polarized Business Cycles

Azzimonti, Marina - 2013

We are motivated by four stylized facts computed for emerging and developed economies: (i) business cycle movements are wider in emerging countries; (ii) economies in emerging countries experience greater economic policy uncertainty; (iii) emerging economies are more polarized and less...

Persistent link: https://www.econbiz.de/10013072897

The Political Polarization Index

Azzimonti, Marina - 2013

increasing trend since the Great Recession. Evaluating the effects of this increase using a simple VAR, I find that an innovation …

Persistent link: https://www.econbiz.de/10013074159

The Cost of COVID-19 : A Rough Estimate of the 2020 U.S. GDP

Makridis, Christos - 2020

real GDP growth for two months of economic shutdown, which amounts to $2.14 trillion. Our results also suggest that the … a 15% decline in real GDP growth. Counties with higher shares of college graduates, digital workers, and higher median …

Persistent link: https://www.econbiz.de/10012838987

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