Results 51 to 60 of about 28,759 (246)
Forward Guidance without Common Knowledge
How does the economy respond to news about future policies or future fundamentals? Standard practice assumes that agents have common knowledge of such news and face no uncertainty about how others will respond.
G. Angeletos, C. Lian
semanticscholar +1 more source
In a New Keynesian model with downward nominal wage rigidity (DNWR), we show that government spending is more effective in stimulating output in a low-inflation recession relative to a high-inflation recession. The government spending multiplier is large
Yoon J. Jo, Sarah Zubairy
semanticscholar +1 more source
Pareto improving social security reform when financial markets are incomplete!? [PDF]
This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement.
Krueger, Dirk, Kubler, Felix
core +5 more sources
Green fiscal reform for a just energy transition in Latin America
Green fiscal reforms would contribute to climate change mitigation, increase the economic efficiency of national tax systems and provide additional public revenues.
Jakob Michael+17 more
doaj +1 more source
In this reply to a comment by Jentsch and Lunsford, we show that the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference methods.
Karel Mertens, Morten Ravn
semanticscholar +1 more source
This paper examines the impact of budgetary institutions on public finances in the European Union on the basis of a critical survey of the relevant theoretical and empirical literature. In general, the authors find that fiscal institutions (namely fiscal
Gorčák Martin, Šaroch Stanislav
doaj +1 more source
Fiscal Policy and the Government Balance Sheet in China
In this paper, we present the most comprehensive estimates of China’s government balance sheet to date. Based on these estimates, we show how major shifts in fiscal policy over the last two decades have shaped the health of the public sector prior to the
Waikei Lam
semanticscholar +1 more source
Monetary-fiscal policies interactions and optimal rules in Egypt [PDF]
Purpose – This paper aims to estimate a New Keynesian small open economy dynamic stochastic general equilibrium (DSGE) model for Egypt using Bayesian techniques and data for the period FY2004/2005:Q1-FY2015/2016:Q4 to assess monetary and fiscal policy ...
Sherine Al-shawarby, Mai El Mossallamy
doaj +1 more source
Facile synthesis of isoxazoles and pyrazoles from ß-diketohydrazones [PDF]
Indexación: ScieloNew 3,5-dimethyl-4-[(E)-4-(R1-phenyl)diazenyl]isoxazoles and 3,5-dimethyl-1-(R2-phenyl)-4-[(E)-(R1-phenyl)diazenyl]-1H-pyrazoles may be obtained by reaction of 3-[2-(R1-phenyl)hydrazono)]pentane-2,4-dione with H2NOH-HCl and R2-4-C6H4 ...
Bustos, Carlos+4 more
core +1 more source
The Activities of Customs and Tax Control Service in the Field of Gambling Market
Gambling activity is a multifaceted phenomenon. Gambling is a special field of business. The government authorities ascribe the right to a monopoly of this area of economic activity. The randomness and financial size of gambling foster the development of
Lik Katarzyna
doaj +1 more source