Showing 1 - 10 of 463,495
Persistent link: https://www.econbiz.de/10011942702
Persistent link: https://www.econbiz.de/10012029960
Persistent link: https://www.econbiz.de/10014480819
Persistent link: https://www.econbiz.de/10010442652
US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
Persistent link: https://www.econbiz.de/10012243211
We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
Persistent link: https://www.econbiz.de/10012116248
1980. Over the period 1955-1979 an expansionary spending or revenue shock was associated with modestly higher stock prices …. After 1980, along with a decline in the fiscal multiplier, the response of stock prices to the same shock became negative …
Persistent link: https://www.econbiz.de/10011887044
Persistent link: https://www.econbiz.de/10011316852
shock in the history of the United States. We take observed changes in fiscal policy during the war as inputs into a … fiscal shock"--Federal Reserve Bank of Minneapolis web site …
Persistent link: https://www.econbiz.de/10001735103