Similar Search Results

When is the government spending multiplier large?

Christiano, Lawrence - 2009

We argue that the government-spending multiplier can be much larger than one when the zero lower bound on the nominal interest rate binds. The larger is the fraction of government spending that occurs while the nominal interest rate is zero, the larger is the value of the multiplier. After...

Persistent link: https://www.econbiz.de/10012463255

Understanding PPPs and PPP-based national accounts

Deaton, Angus - 2008

European Union. This paper provides an overview of how these data are constructed, and discusses both the theory and the … to which they are put. Some international comparisons are close to impossible, even in theory, and in others, the …

Persistent link: https://www.econbiz.de/10012464148

In Search of the Transmission Mechanism of Fiscal Policy

Perotti, Roberto - 2007

Most economists would agree that a hike in the federal funds rate will cause some slowdown in growth and inflation, and that the bulk of the empirical evidence is consistent with this statement. But perfectly reasonable economists can and do disagree even on the basic effects of a shock to...

Persistent link: https://www.econbiz.de/10012465510

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier - 1999

spending on the components of GDP, one of the results has a distinctly non-standard flavor: Both increases in taxes and …

Persistent link: https://www.econbiz.de/10012471521

Comovement in GDP Trends and Cycles Among Trading Partners

Blonigen, Bruce A. - 2012

of real GDP is significantly weaker among countries that trade intensively with one another. We also find that the …

Persistent link: https://www.econbiz.de/10012460627

Ethnic Diversity and Economic Performance

Alesina, Alberto - 2004

We survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes. Our focus is on both focus both cities in developed countries (the US) and villages in developing countries. We also consider the endogenous formation of political...

Persistent link: https://www.econbiz.de/10012468381

Misallocation, Economic Growth, and Input-Output Economics

Jones, Charles I. - 2011

One of the most important developments in the growth literature of the last decade is the enhanced appreciation of the role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation at the micro level typically reduces total factor...

Persistent link: https://www.econbiz.de/10012461916

Modeling the Impact of Warming in Climate Change Economics

Pindyck, Robert S. - 2010

Any economic analysis of climate change policy requires some model that describes the impact of warming on future GDP … and consumption. Most integrated assessment models (IAMs) relate temperature to the level of real GDP and consumption, but … there are theoretical and empirical reasons to expect temperature to affect the growth rate rather than level of GDP. Does …

Persistent link: https://www.econbiz.de/10012462960

Occupational Choice and Development

Eeckhout, Jan - 2007

theory also establishes that after economic integration, the high skill countries see a disproportionate increase in … managerial occupations. Using aggregate data on GDP, openness and occupations from 115 countries, we find evidence for these …

Persistent link: https://www.econbiz.de/10012464960

Borders and Growth

Spolaore, Enrico - 2002

This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...

Persistent link: https://www.econbiz.de/10012469486