Results 131 to 140 of about 13,464 (272)
Learning From 25 Years of Changes in Business Tax Policy
Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley +1 more source
On the Contribution of New Keynesian Economics [PDF]
In this paper we consider whether New Keynesian economics provides a meaningful framework for the analysis of the coordination problem in economic society.
Hans van Ees, Harry Garretsen
core
Does Openness Amplify Money‐Financed Fiscal Stimulus? A Fiscal Theory Perspective
ABSTRACT Does economic openness enhance or diminish the effectiveness of money‐financed (MF) fiscal stimulus? This study re‐examines this question within a small open economy framework, emphasizing the fiscal regime governing government debt valuation. While the authors of an earlier study show that MF fiscal expansions generate larger output responses
Eiji Okano, Chikafumi Nakamura
wiley +1 more source
A Keynesian perspective on the health economics of kidney transplantation would strengthen the value of the whole organ donation and transplantation service. [PDF]
Leonardis F +10 more
europepmc +1 more source
The reaction of firms' expectations to monetary policy: evidence from Norwegian firms
Abstract An important transmission channel of monetary policy is the expectations channel. However, although this channel is important in theory, it has received limited attention in the empirical literature. One reason for this lack of focus is the scarcity of data on firms' expectations.
Jon Ellingsen
wiley +1 more source
The work seeks to better understand how economic thought changes at policy institutions, as compared to academic institutions. The prevalence of academic economics during the 1970s introduced pronounced changes in the Annual Economic Reports of the ...
I. MAES
doaj
Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model
ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley +1 more source
Inflation dynamics and the New Keynesian Phillips curve in EU-4 [PDF]
The paper seeks to shed light on inflation dynamics of four new EU member states (the Czech Republic, Hungary, Poland and Slovakia). To this end, the New Keynesian Phillips curve augmented for open economies is estimated and additional statistical tests ...
Borek Vasicek
core
Monetary–Fiscal Coordination in South Africa: Aligning the Stars
ABSTRACT Monetary–fiscal policy tensions build‐up when debt is rising and inflation is falling. We introduce the concept of a fiscal‐neutral rate (fiscal r‐star) into a two‐agent new Keynesian dynamic stochastic general equilibrium model estimated with South African data.
Roy Havemann, Hylton Hollander
wiley +1 more source
The Relationship between the Hybrid New Keynesian Phillips Curve and the NAIRU over Time [PDF]
New Keynesian models of the Phillips curve in the spirit of Galí and Gertler (1999) generally assume a short-run trade-off between inflation and a measure of excess demand due to nominal rigidities, while in the long run inflation is constant at the Non ...
Lena Vogel
core

