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Appropriate fiscal policy over the business cycle: Proper stimulus policies can work

Graves, Philip E. - 2010

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...

Persistent link: https://www.econbiz.de/10010270872

Sudden Stop: When Did Firms Anticipate the Potential Consequences of Covid-19?

Buchheim, Lukas; Krolage, Carla; Link, Sebastian - 2020

Covid-19 hit firms by surprise. In a high frequency, representative panel of German firms, the business outlook declined and business uncertainty increased only when the spread of the Covid-19 pandemic led to domestic policy changes: The announcement of nation-wide school closures on March 13...

Persistent link: https://www.econbiz.de/10012269499

Tracking Weekly State-Level Economic Conditions

Baumeister, Christiane; Leiva-León, Danilo; Sims, Eric R. - 2021

In this paper, we develop a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We show that there is...

Persistent link: https://www.econbiz.de/10012599252

Macroeconomic fluctuations in a stylized DSGE model with disequilibrium dynamics

van Aarle, Bas - 2012

This study develops a stylised DSGE model, that departs in one aspect: it replaces the general equilibrium approach by disequilibrium economics. In this way, richer macroeconomic adjustment dynamics result, as it is not necessary to assume that goods and labour markets continuously clear. The...

Persistent link: https://www.econbiz.de/10010290774

Tracking Weekly State-Level Economic Conditions

Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - 2021

Persistent link: https://www.econbiz.de/10013220135

Appropriate Fiscal Policy Over the Business Cycle : Proper Stimulus Policies Can Work

Graves, Philip E. - 2010

Persistent link: https://www.econbiz.de/10013139182

Sudden Stop : When Did Firms Anticipate the Potential Consequences of COVID-19?

Buchheim, Lukas - 2020

COVID-19 hit firms by surprise. In a high frequency, representative panel of German firms, the business outlook declined and business uncertainty increased only when the spread of the COVID-19 pandemic led to domestic policy changes: The announcement of nation-wide school closures on March 13...

Persistent link: https://www.econbiz.de/10012828112

Identifying Tax Compliance from Changes in Enforcement: Theory and Empirics

Bibler, Andrew; Grigolon, Laura; Teltser, Keith F.; … - 2024

after changes in tax enforcement and a demand or supply shifter. We illustrate our approach using data on Airbnb collection … that taxes are paid on roughly zero to 3.5 percent of Airbnb transactions prior to enforcement. …

Persistent link: https://www.econbiz.de/10014534385

Airbnb and Rental Markets: Evidence from Berlin

Duso, Tomaso; Michelsen, Claus; Schäfer, Maximilian; … - 2021

We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets …. While the ﬁrst intervention signiﬁcantly reduced the number of high-availability Airbnb listings bookable for most of the … Airbnb supply has a much larger impact on rents and long-term rental supply for the ﬁrst reform. This is consistent with more …

Persistent link: https://www.econbiz.de/10012582152

Inefficiency in Social Security Trust Funds Forecasts

Lahiri, Kajal; Zhang, Junyan; Zhao, Yongchen - 2021

We examine forecast accuracy and efficiency of the Social Security Administration’s projections for cost rate, trust fund balance, trust fund ratio made during 1980-2020 with horizons up to 95 years. We find that the reported deterioration in the accuracy of the forecasts during 2010’s has...

Persistent link: https://www.econbiz.de/10012799715