تقرير
The Aggregate and Distributional Effects of Fiscal Stimuli
| العنوان: | The Aggregate and Distributional Effects of Fiscal Stimuli |
|---|---|
| المؤلفون: | Kopiec, Paweł |
| سنة النشر: | 2022 |
| المجموعة: | Cyber Open Repository of the Warsaw School of Economics (SGH) / Cyfrowe Otwarte Repozytorium Szkoły Głównej Handlowej w Warszawie |
| مصطلحات موضوعية: | heterogeneous agents, frictional markets, fiscal stimulus, D30, E62, H23, H30, H31 |
| الوصف: | This paper compares the aggregate and distributional effects of three fiscal policy instruments: government expenditures, unemployment benefits and transfers. To this end, the Diamond-Mortensen-Pissarides model of frictional labor market is embedded into an otherwise standard Heterogeneous Agent New Keynesian framework. The model calibrated to match the moments characterizing the US economy successfully replicates the empirical distributions of households across: disposable income, consumption expenditures and net worth. The solution method developed by Reiter (2009) is applied to quantify the aggregate and distributional responses to changes in the analyzed fiscal measures. Moreover, the stabilizing role of government expenditures, unemployment benefits and transfers is assessed. ; 2022-070 ; 1-38 ; SGH KAE Working Papers Series |
| نوع الوثيقة: | report |
| وصف الملف: | application/pdf |
| اللغة: | English |
| العلاقة: | Kopiec P., The Aggregate and Distributional Effects of Fiscal Stimuli, KAE Working Papers, 2022, nr 2022-070, s. 1-38; http://hdl.handle.net/20.500.12182/1127Test |
| الإتاحة: | https://doi.org/20.500.12182/1127Test https://hdl.handle.net/20.500.12182/1127Test |
| حقوق: | Dozwolony użytek |
| رقم الانضمام: | edsbas.32B66994 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |