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Measuring the Output Responses to Fiscal Policy

Auerbach, Alan J. - 2010

A key issue in current research and policy is the size of fiscal multipliers when the economy is in recession. Using a variety of methods and data sources, we provide three insights. First, using regime-switching models, we estimate effects of tax and spending policies that can vary over the...

Persistent link: https://www.econbiz.de/10013138745

Measuring the Output Responses to Fiscal Policy

Auerbach, Alan J.; Gorodnichenko, Yuriy - In: American Economic Journal: Economic Policy 4 (2012) 2, pp. 1-27

A key issue in current research and policy is the size of fiscal multipliers when the economy is in recession. We provide three insights. First, using regime-switching models, we find large differences in the size of spending multipliers in recessions and expansions with fiscal policy being...

Persistent link: https://www.econbiz.de/10010599115

Inflation and the user cost of capital : does inflation still matter?

Cohen, Darrel Steven; Hassett, Kevin A.; Hubbard, R. Glenn - In: The costs and benefits of price stability, (pp. 199-230). 1999

Persistent link: https://www.econbiz.de/10001462247

Inflation's Impact on American Households

Altig, David; Auerbach, Alan J.; Eidschun, Erin F.; … - National Bureau of Economic Research - 2024

The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and … with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the … focus of this paper. Inflation affects households through its interaction with the fiscal. We run the 2019 Survey of …

Persistent link: https://www.econbiz.de/10014544760