搜索结果: 1-15 共查到“理论经济学 Fiscal”相关记录50条 . 查询时间(0.109 秒)
Excess Capacity and Heterogeneity in the Fiscal Multiplier: Evidence from the Obama Stimulus Package
Capacity Heterogeneity
2015/9/21
We estimate local multipliers from the ARRA (Obama stimulus) bill using cross-county variation
in expenditure. We use within-state variation, and include other demographic controls as well
as a pred...
Optimal Fiscal and Monetary Policy When Money is Essential
Friedman Rule intertemporal distortions micro-founded models of money
2015/9/18
We study optimal fiscal and monetary policy in an environment where explicit frictions giverise to valued money, making money essential in the sense that it expands the set of feasible trades. The two...
Fiscal Rules From A Political Economy Perspective
Fiscal Rules Political Economy Perspective
2015/9/18
Persistent deficits, implying secular growth of debt, have led many to argue that fiscal rules may play an important role in helping reduce or eliminate deficits and help control the growth of governm...
Fiscal and Monetary Stabilization Policies in a Model of Endogenous Cyclical Growth
Monetary Stabilization Policies Endogenous Cyclical
2015/8/5
Fiscal and Monetary Stabilization Policies in a Model of Endogenous Cyclical Growth.
The Monetary Policy Implications of Greater Fiscal Discipline
Monetary Policy Implications Greater Fiscal Discipline
2015/8/4
After nearly a quarter century of large budget deficits—causing
the public debt to double from 20 percent to 42 percent as a share of
GDP in the industrialized countries—the need for greater fiscal
...
In 1992, President Bush proposed legislation intended to speed up the
recovery from the 1990-91 recession. Congress rejected this proposal for
countercyclical fiscal policy stimulus. In early 1993 P...
The State of the Economy and Principles for Fiscal Stimulus
Fiscal Stimulus industrial production
2015/8/3
The financial crisis evidenced in Figure 1 can be traced to unusually low interest
rates in the early part of this decade which let to the housing boom and bust, and then to
massive delinquencies an...
The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy
Empirical Rationale Discretionary Fiscal Policy
2015/8/3
A decade ago in a paper, “Reassessing
Discretionary Fiscal Policy,” published in the
Journal of Economic Perspectives, I concluded
that “in the current context of the US economy, it
seems best to ...
Comments on the ‘Global Effects of Fiscal Stimulus During the Crisis’ by Charles Freedman, Michael Kumhof, Douglas Laxton, Dick Muir, Susanna Mursula
Douglas Laxton Dick Muir
2015/8/3
The paper by Freedman, Kumhof, Laxton, Muir, and Mursula makes effective use of simulations of a very
large macroeconomic model to estimate the impact of discretionary fiscal policies, including the ...
An Empirical Analysis of the Revival of Fiscal Activism in the 2000s
Empirical Analysis Fiscal Activism
2015/8/3
An empirical review of the three fiscal stimulus packages of the 2000s shows that they
had little if any direct impact on consumption or government purchases. Households
largely saved the transfers ...
This lecture starts with a review of historical trends in the balance between rules
and discretion: first toward more discretionary policies in the 1960s and 1970s;
second toward more rules-based po...
In the aftermath of the global financial crisis and great recession, many countries face
substantial deficits and growing debts. In the United States, federal government outlays
as a ratio to GDP ro...
Fiscal Consolidation Strategy: An Update for the Budget Reform Proposal of March 2013
Budget Fiscal Consolidation Strategy
2015/8/3
Recently, we evaluated a fiscal consolidation strategy for the United States that would
bring the government budget into balance by gradually reducing government spending
relative to GDP to the rati...
We use responses to survey questions in the 2010 Italian Survey of Household Income and Wealth
that ask consumers how much of an unexpected transitory income change they would consume. We
find tha...
Fiscal stimulus
Fiscal stimulus
2015/7/20
During the calm period in recent U.S. macroeconomic history, from the mid- 1980s to mid-2000s, stabilization policy relied mainly on monetary policy to deal with recessions, which were mild and many y...