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Fiscal multipliers : a heterogenous-agent perspective

Broer, Tobias; Krusell, Per; Öberg, Erik - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 799-816

We use an analytically tractable heterogeneous‐agent (HANK) version of the standard New Keynesian model to show how the size of fiscal multipliers depends on (i) the distribution of factor incomes, and (ii) the source of nominal rigidities. With sticky prices but flexible wages, the standard...

Persistent link: https://www.econbiz.de/10014342560

Inequality, imperfect competition, and fiscal policy

Balamatsias, Pavlos - 2017

budget multiplier. Results show that in highly unequal economies the maximum net increase in output and expenditure comes …

Persistent link: https://www.econbiz.de/10011904544

Economic inequality and the size of government expenditure shocks : an empirical exercise

Senekovič, Marko - In: Naše gospodarstvo : NG 70 (2024) 4, pp. 1-11

Empirical literature explains the heterogeneity of fiscal multiplier estimates through the analysis of various cyclical …

Persistent link: https://www.econbiz.de/10015182958

Interrelational multipliers for the US economy: an application to welfare reform

Rose, Adam; Li, Ping-cheng - In: Understanding and interpreting economic structure : …, (pp. 347-364). 1999

Persistent link: https://www.econbiz.de/10001439009

The changing distribution of global tourism : evidence from Gini coefficients and Markov matrixes

Lacher, R. Geoffrey; Nepal, Sanjay K. - In: Tourism analysis : an interdisciplinary tourism & … 18 (2013) 2, pp. 133-144

Persistent link: https://www.econbiz.de/10009764441

Income distribution dynamics across European regions : re-examining the role of space

Maza, Adolfo; Hierro, María; Villaverde, José - In: Economic modelling 29 (2012) 6, pp. 2632-2640

Persistent link: https://www.econbiz.de/10009673631

A copula-based Markov reward approach to the credit spread in the European Union

D'Amico, Guglielmo; Petroni, Filippo; Regnalt, Philippe; … - In: Applied mathematical finance 26 (2019) 4, pp. 359-386

Persistent link: https://www.econbiz.de/10012210396

Inference for income mobility measures in the presence of spatial dependence

Kang, Wei; Rey, Sergio J. - In: International regional science review : IRSR ; an … 43 (2020) 1/2, pp. 10-39

Persistent link: https://www.econbiz.de/10012183876

The effects of gender inequality, wages, wealth concentration and fiscal policy on macroeconomic performance

Onaran, Özlem; Oyvat, Cem; Fotopoulou, Eurydice - 2019

for the period of 1970-2016. For the medium-run estimation of productivity we use panel data of 18 industries for the …

Persistent link: https://www.econbiz.de/10012104512

The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe

Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017

This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...

Persistent link: https://www.econbiz.de/10011924544