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Regional Consumption Responses and the Aggregate Fiscal Multiplier

Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2022

responses to an aggregate fiscal multiplier using a multi-region, New Keynesian model with heterogeneous agents, incomplete … markets, and trade linkages. Our model is consistent with the estimated positive local multiplier, a result that distinguishes … multiplier is twice as large as the local multiplier because trade linkages propagate the effect of government spending across …

Persistent link: https://www.econbiz.de/10013351794

The Effect of Unconventional Fiscal Policy on Consumption – New Evidence Based on Transactional Data

Koeniger, Winfried; Kress, Peter - 2024

growth rate for semi-durables and non-durables did not change by and large. The estimates imply a consumption multiplier of 0 …

Persistent link: https://www.econbiz.de/10015166069

Taxing women: A macroeconomic analysis

Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - 2011

Based on well-known evidence on labor supply elasticities, several authors have concluded that women should be taxed at lower rates than men. We evaluate the quantitative implications of taxing women at a lower rate than men. Relative to the current system of taxation, setting a proportional tax...

Persistent link: https://www.econbiz.de/10010280681

Short-Time Work and Precautionary Savings

Dengler, Thomas; Gehrke, Britta - 2021

In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...

Persistent link: https://www.econbiz.de/10012597475

Fiscal multipliers and the labour market in the open economy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2010

Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...

Persistent link: https://www.econbiz.de/10010277962

Consumption Responses to a Major Minimum Wage Increase: Evidence from Spain

González, Ignacio; Sala, Hector; Trivín, Pedro - 2025

This paper investigates the effects of minimum wage increases on household consumption, focusing on Spain's 2019 minimum wage increase, which raised the floor on wages by an unprecedented 22.3% in a low-inflation environment. Leveraging high-frequency, confidential transaction data from...

Persistent link: https://www.econbiz.de/10015422973

Is the Deficit under Control?

Bonin, Holger; Abio, Gemma; Berenguer, Eduardo; Gil, Joan; … - 2001

According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...

Persistent link: https://www.econbiz.de/10010262513

Means-Tested Transfers in the US: Facts and Parametric Estimates

Guner, Nezih; Rauh, Christopher; Ventura, Gustavo - 2024

How substantial are means-tested transfers in the United States? How have these transfers evolved over time, and what is their impact on the income distribution? We use microdata from the Survey of Income and Program Participation to document the scope of the main means-tested programs for...

Persistent link: https://www.econbiz.de/10015210896

Childcare Subsidies and Household Labor Supply

Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - 2014

What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with joint labor-supply decisions of married households along extensive and intensive margins, heterogeneity in terms of...

Persistent link: https://www.econbiz.de/10010398322

Income taxation of US households: Basic facts

Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - 2011

We use micro data from the U.S. Internal Revenue Service to document how households' tax liabilities vary with income, marital status and the number of dependents. We report facts on the distributions of average and marginal taxes, properties of the joint distributions of taxes paid and income,...

Persistent link: https://www.econbiz.de/10010278342