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International evidence on the stability of the optimizing IS equation

Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001982872

A Simple Model of a Central Bank Digital Currency

Mishra, Bineet; Prasad, Eswar S. - National Bureau of Economic Research - 2023

central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …

Persistent link: https://www.econbiz.de/10014250215

Government Debt and Capital Accumulation in an Era of Low Interest Rates

Mankiw, Nicholas Gregory - National Bureau of Economic Research - 2022

, reducing labor productivity, real wages, and consumption … past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth …

Persistent link: https://www.econbiz.de/10013210052

Excess Savings and Twin Deficits : The Transmission of Fiscal Stimulus in Open Economies

Aggarwal, Rishabh; Auclert, Adrien; Rognlie, Matthew; … - National Bureau of Economic Research - 2022

We study the effects of debt-financed fiscal transfers in a general equilibrium, heterogeneous-agent model of the world economy. In the long run, increases in government debt anywhere raise the world interest rate and increase private wealth everywhere. In the short run, a country with a...

Persistent link: https://www.econbiz.de/10013334403

The Global Life-Cycle Optimizer – Analyzing Fiscal Policy's Potential to Dramatically Distort Labor Supply and Saving

Brumm, Johannes; Kotlikoff, Laurence J.; Krause, Christopher - National Bureau of Economic Research - 2024

' labor supply and saving assuming standard preferences. The system incorporates kinks from federal personal income tax …'s full set of work and saving disincentives. Consequently, it can facilitate analyses of structural labor supply and tax … discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the …

Persistent link: https://www.econbiz.de/10014528375