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This paper investigates the impact of country size on the DSEG model estimation of the monetary union. Following DSGE … model for fiscal policy simulations (FiMod) the union is considered to have a two-country structure, the investigated … country has weight in union equal to its population share and the second country represents the rest of members. The model is …
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The main purpose of this work is to develop a case study assessing the recent patterns and impacts of ODA (official development assistance) and DAH (development assistance for health) to Liberia on overall government spending and domestic revenue generation as well as domestic government health...
Persistent link: https://www.econbiz.de/10010775388
This paper examines in how far the DSGE model which is often dubbed the New Keynesian Consensus is compatibel with a … Post-Keynesian or traditional Keynesian understanding of the economy. It is argued that while at first sight DSGE models …Das Papier untersucht, inwieweit moderne Ansätze aus der Klasse der DSGE-Modelle (Dynamic Stochastic General …
Persistent link: https://www.econbiz.de/10009304904
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
Persistent link: https://www.econbiz.de/10011434680
This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...
Persistent link: https://www.econbiz.de/10011529025
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