Results 1 to 10 of about 74,591 (47)
A Behavioral New Keynesian Model
The American Economic Review, 2016 This paper analyzes how bounded rationality affects monetary and fiscal policy via an empirically relevant enrichment of the New Keynesian model.
X. Gabaix
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The American Economic Review, 2011 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.
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Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned?
American Economic Journal: Economic Policy, 2017 A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in spending in one region of a monetary union. Empirical studies of such multipliers have proliferated.
Gabriel Chodorow-reich
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The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Comment
The American Economic Review, 2019 Mertens and Ravn (2013) estimate impulse response functions (IRFs) from income tax changes in a structural vector autoregression (SVAR) by using narrative accounts of tax liability changes as proxy variables.
C. Jentsch, Kurt G. Lunsford
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Forward Guidance without Common Knowledge
The American Economic Review, 2018 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
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The American Economic Review, 2022 We show that the largest increase in unemployment benefits in US history had large spending impacts and small job-finding impacts. This finding has three implications.
Peter Ganong +4 more
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Social Science Research Network, 2022 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
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CESifo Economic StudiesThe growing emphasis on nation-states and their pivotal role in economic development has emerged as a central theme in contemporary economic discourse. This review examines the concept of state capacity as discussed in the economic literature, focusing
Federica Braccioli +3 more
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Learning by Necessity: Government Demand, Capacity Constraints, and Productivity Growth
The American Economic ReviewThis paper studies how firms adapt to demand shocks when facing capacity constraints. I show that increases in government purchases raise total factor productivity in quantity units at the production line level.
Ethan Ilzetzki
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The Invisible Hand of the Government: 'Moral Suasion' During the European Sovereign Debt Crisis
American Economic Journal: Macroeconomics, 2016 Using proprietary data on banks’ monthly securities holdings, we show that during the European sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks to increase their holdings of domestic ...
S. Ongena, A. Popov, Neeltje van Horen
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