Search Results
Showing results 1 to 10 of approximately 195.
(refine search)
Working Paper
How to Starve the Beast: Fiscal Policy Rules
Martin, Fernando M.
(2020-10-14)
Countries have widely imposed fiscal rules designed to constrain government spending and ensure fiscal responsibility. This paper studies the effectiveness and welfare implications of revenue, deficit and debt rules when governments are discretionary and profligate. The optimal prescription is a revenue ceiling coupled with a balance budget requirement. For the U.S., the optimal revenue ceiling is about 15% of output, 3 percentage points below the postwar average. Most of the benefits can still be reaped with a milder constraint or escape clauses during adverse times. Imposing a single fiscal ...
Working Papers
, Paper 2019-026
Report
Labor Market Policies during an Epidemic
Birinci, Serdar; Karahan, Fatih; Mercan, Yusuf; See, Kurt
(2020-10-01)
We study the positive and normative implications of labor market policies that counteract the economic fallout from containment measures during an epidemic. We incorporate a standard epidemiological model into an equilibrium search model of the labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that preserve match capital and enable a swift economic recovery are preferred over a cost-equivalent UI expansion. When considered jointly, however, a cost-equivalent optimal mix allocates 20 percent of the budget to payroll subsidies ...
Staff Reports
, Paper 943
Working Paper
The Distributional Effects of COVID-19 and Optimal Mitigation Policies
Hur, Sewon
(2020-10-23)
This paper develops a quantitative heterogeneous agent–life cycle model with a fully integrated epidemiological model in which economic decisions affect the spread of COVID-19 and, conversely, the virus affects economic decisions. The calibrated model is used to study the distributional consequences and effectiveness of two mitigation policies: a stay-at-home subsidy that subsidizes reduced hours worked and a stay-at-home order that limits outside hours. First, the stay-at-home subsidy is preferred because it reduces deaths by more and output by less, leading to a larger average welfare ...
Globalization Institute Working Papers
, Paper 400
Working Paper
Time-Inconsistent Optimal Quantity of Debt
Chien, YiLi; Wen, Yi
(2020-10-29)
A key feature of the infinite-horizon heterogeneous-agents incomplete-markets (Inf-HAIM) framework is that the equilibrium interest rate of public debt lies below the time discount rate (regardless of capital). This happens because of a positive liquidity premium on asset returns due to imperfect risk sharing. This fundamental property of standard Inf-HAIM models, however, implies that the Ramsey planner's fiscal policy may be time-inconsistent---because the planner has a dominate incentive to issue plenty of debt such that all households are fully self-insured against idiosyncratic risk ...
Working Papers
, Paper 2020-037
Working Paper
Fiscal Dominance
Martin, Fernando M.
(2020-10-29)
Who prevails when fiscal and monetary authorities disagree about the value of public expenditure and how much to discount the future? When the fiscal authority sets debt as its main policy instrument it achieves fiscal dominance, rendering the preferences of the central bank, and thus its independence, irrelevant. When the central bank sets the nominal interest rate it renders fiscal impatience (its debt bias) irrelevant, but still faces its expenditure bias. I find that the expenditure bias is about an order of magnitude more severe than the debt bias and has a major impact on welfare ...
Working Papers
, Paper 2020-040
Report
Latent Heterogeneity in the Marginal Propensity to Consume
Melcangi, Davide; Lewis, Daniel J.; Pilossoph, Laura
(2019-11-01)
We estimate the distribution of marginal propensities to consume (MPCs) using a novel clustering approach that generalizes the fuzzy C-means algorithm to regression settings. We apply the estimator to the 2008 stimulus payments, exploiting the randomized timing of disbursements, and find considerable heterogeneity in MPCs that varies by consumption good. We document observable determinants of this heterogeneity, without imposing ex ante assumptions on such relationships; MPCs correlate positively with income and the average propensity to consume, but much heterogeneity remains unexplained. ...
Staff Reports
, Paper 902
Working Paper
Labor Market Policies During an Epidemic
Birinci, Serdar; Karahan, Fatih; Mercan, Yusuf; See, Kurt
(2020-08-07)
We study the effects and welfare implications of labor market policies that counteract the economic fall out from containment policies during an epidemic. We incorporate a standard epidemiological model into an equilibrium search model of the labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that preserve match capital and enable a swift economic recovery are preferred over a cost-equivalent UI expansion. When considered jointly, however, a cost-equivalent optimal mix allocates 20 percent of the budget to payroll subsidies ...
Working Papers
, Paper 2020-024
Working Paper
Seigniorage and Sovereign Default: The Response of Emerging Markets to COVID-19
Sanchez, Juan M.; Kozlowski, Julian; Martin, Fernando M.; Espino, Emilio
Monetary policy affects the tradeoffs faced by governments in sovereign default models. In the absence of lump-sum taxation, governments rely on both distortionary taxes and seigniorage to finance expenditure. Furthermore, monetary policy adds a time-consistency problem in debt choice, which may mitigate or exacerbate the incentives to accumulate debt. A deterioration of the terms-of-trade leads to an increase in sovereign-default risk and inflation, and a reduction in growth, which are consistent with the empirical evidence for emerging economies. An unanticipated shock resembling the ...
Working Papers
, Paper 2020-017
Working Paper
Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications
Bi, Huixin; Zubairy, Sarah
(2020-07-31)
We explore the evolution of pension policy across countries and investigate the macroeconomic effects of pension structural reforms in recent decades, in particular those with implementation delays. We first document chronological changes in pension policy for 10 OECD countries between 1962 and 2017. The new data set shows that pension systems rapidly expanded between the 1960s and 1980s, followed by a wave of retrenchments since the 1990s. Structural pension reforms, which are motivated by long-run fiscal sustainability concerns, often come with significant implementation delays. We find ...
Research Working Paper
, Paper RWP 20-06
Journal Article
Schools and Stimulus
Dupor, Bill; Mehkari, M. Saif
(2020-05)
This article analyzes the impact of the education funding component of the American Recovery and Reinvestment Act of 2009 (Recovery Act) on public school districts. We use cross-sectional differences in district-level Recovery Act funding to investigate the program's impact on staffing, expenditures, and debt accumulation.
Review
, Volume 102
, Issue 2
, Pages 145-171
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of St. Louis 61 items
Board of Governors of the Federal Reserve System (U.S.) 28 items
Federal Reserve Bank of Dallas 21 items
Federal Reserve Bank of Atlanta 17 items
Federal Reserve Bank of Minneapolis 16 items
Federal Reserve Bank of Cleveland 11 items
Federal Reserve Bank of Chicago 10 items
Federal Reserve Bank of New York 8 items
Federal Reserve Bank of Kansas City 7 items
Federal Reserve Bank of Boston 5 items
Federal Reserve Bank of Philadelphia 4 items
Federal Reserve Bank of San Francisco 4 items
Federal Reserve Bank of Richmond 3 items
show more (8)
show less
FILTER BY Series
Working Papers 86 items
Finance and Economics Discussion Series 21 items
FRB Atlanta Working Paper 15 items
Globalization Institute Working Papers 14 items
Working Paper Series 14 items
Staff Report 8 items
Research Working Paper 6 items
Review 6 items
Staff Reports 6 items
International Finance Discussion Papers 4 items
Federal Reserve Bulletin 3 items
Working Paper 3 items
Working Papers (Old Series) 3 items
Policy Hub 2 items
Economic Bulletin 1 items
Liberty Street Economics 1 items
Opportunity and Inclusive Growth Institute Working Papers 1 items
Speech 1 items
show more (13)
show less
FILTER BY Content Type
Working Paper 167 items
Report 14 items
Journal Article 10 items
Discussion Paper 3 items
Speech 1 items
FILTER BY Author
Chien, YiLi 20 items
Wen, Yi 18 items
Dupor, William D. 10 items
Nakata, Taisuke 8 items
Martin, Fernando M. 7 items
Bi, Huixin 6 items
Karantounias, Anastasios G. 6 items
Mehkari, M. Saif 6 items
Melosi, Leonardo 6 items
Bianchi, Francesco 5 items
Braun, R. Anton 5 items
Chen, Yunmin 5 items
Owyang, Michael T. 5 items
Bassetto, Marco 4 items
Birinci, Serdar 4 items
Chari, V. V. 4 items
Dolmas, James 4 items
Jackson, Laura E. 4 items
Karahan, Fatih 4 items
Mercan, Yusuf 4 items
Mohaddes, Kamiar 4 items
Nicolini, Juan Pablo 4 items
See, Kurt 4 items
Teles, Pedro 4 items
Young, Eric R. 4 items
Brinca, Pedro 3 items
Carroll, Daniel R. 3 items
Chudik, Alexander 3 items
Faria-e-Castro, Miguel 3 items
Ferreira, Miguel H. 3 items
Holter, Hans 3 items
Karabarbounis, Marios 3 items
Kudlyak, Marianna 3 items
Matthes, Christian 3 items
Otrok, Christopher 3 items
Pesaran, M. Hashem 3 items
Wu, HsinJung 3 items
Yang, C.C. 3 items
Acharya, Sushant 2 items
Andolfatto, David 2 items
Andres, Javier 2 items
Barnichon, Regis 2 items
Bhattarai, Saroj 2 items
Bianchi, Javier 2 items
Bosca, Jose E. 2 items
Chodorow-Reich, Gabriel 2 items
Conesa, Juan Carlos 2 items
Croushore, Dean 2 items
Cui, Wei 2 items
Debortoli, Davide 2 items
Dogra, Keshav 2 items
Drautzburg, Thorsten 2 items
Dupor, Bill 2 items
Espino, Emilio 2 items
Ferri, Javier 2 items
Ferrière, Axelle 2 items
Fuentes-Albero, Cristina 2 items
Fujiwara, Ippei 2 items
Garga, Vaishali 2 items
Garriga, Carlos 2 items
Hills, Timothy S. 2 items
Hong, Sungki 2 items
Hur, Sewon 2 items
Jordà , Òscar 2 items
Karabarbounis, Loukas 2 items
Kehoe, Patrick J. 2 items
Kopecky, Karen A. 2 items
Koreshkova, Tatyana 2 items
Kozlowski, Julian 2 items
Kumar, Anil 2 items
Lewis, Daniel J. 2 items
Lopez, Pierlauro 2 items
Mertens, Karel 2 items
Michaud, Amanda M. 2 items
Midrigan, Virgiliu 2 items
Moon, Terry S. 2 items
Murphy, Daniel P. 2 items
Ottonello, Pablo 2 items
Pastorino, Elena 2 items
Peterman, William B. 2 items
Phelan, Tom 2 items
Presno, Ignacio 2 items
Raissi, Mehdi 2 items
Rodrigo , Guerrero 2 items
Sanchez, Juan M. 2 items
Schmidt, Sebastian 2 items
Shen, Wenyi 2 items
Sheremirov, Viacheslav 2 items
Spewak, Andrew 2 items
Spirovska, Sandra 2 items
Sunakawa, Takeki 2 items
Taylor, Alan M. 2 items
Trezzi, Riccardo 2 items
Ueda, Kozo 2 items
Waki, Yuichiro 2 items
Waller, Christopher J. 2 items
Wiczer, David 2 items
Zubairy, Sarah 2 items
van Norden, Simon 2 items
Aguiar, Mark 1 items
Altig, David E. 1 items
Amador, Manuel 1 items
Athanasopoulou, Marialena 1 items
Auerbach, Alan J. 1 items
Bae, Jaeheung 1 items
Balke, Nathan S. 1 items
Berentsen, Aleksander 1 items
Berge, Travis J. 1 items
Biljanovska, Nina 1 items
Carlino, Gerald A. 1 items
Cashin, David B. 1 items
Challe, Edouard 1 items
Chang, Andrew C. 1 items
Chen, Daphne 1 items
Cipriani, Marco 1 items
Cloyne, James 1 items
Consiglio, Andrea 1 items
Costa, Daniela 1 items
Cotton, Christopher D. 1 items
Cox, Lydia 1 items
Coyle, Philip 1 items
Croce, Mariano 1 items
Demyanyk, Yuliya 1 items
Dudley, William 1 items
Duval-Hernandez, Robert 1 items
Egorov, Konstantin 1 items
Erce, Aitor 1 items
Eva De Francisco 1 items
Faccini, Renato 1 items
Fang, Lei 1 items
Fella, Giulio 1 items
Forte, Gregg 1 items
Fried, Stephie 1 items
Gavilan, Angel 1 items
Gomis-Porqueras, Pedro 1 items
Gospodinov, Nikolay 1 items
Gottardi, Piero 1 items
Gourio, Francois 1 items
Graves, Sebastian 1 items
Guo, Si 1 items
Guvenen, Fatih 1 items
Haughwout, Andrew F. 1 items
Heathcote, Jonathan 1 items
Hedlund, Aaron 1 items
Higgins, Patrick C. 1 items
Hillery, Paula V. 1 items
Hollmayr, Josef 1 items
Huffman, Gregory W. 1 items
Huo, Zhen 1 items
Hyman, Benjamin 1 items
Ikeda, Daisuke 1 items
Inman, Robert P. 1 items
Jentsch, Carsen 1 items
Joines, Douglas H. 1 items
Kabukcuoglu, Ayse 1 items
Kajii, Atsushi 1 items
Kamali, Parisa 1 items
Kambourov, Gueorgui 1 items
Katagiri, Mitsuru 1 items
Kehoe, Timothy J. 1 items
Kekre, Rohan 1 items
Kilian, Lutz 1 items
Kitao, Sagiri 1 items
Koehler, Darryl 1 items
Kollmann, Robert 1 items
Konishi, Hideki 1 items
Kotlikoff, Laurence J. 1 items
Kovner, Anna 1 items
Kuruscu, Burhanettin 1 items
Körber, Lena Mareen 1 items
La Spada, Gabriele 1 items
Lee, Jae Won 1 items
Lee, Junsang 1 items
Leeper, Eric M. 1 items
Leiseca, Michael 1 items
Leith, Campbell 1 items
Li, Erica X.N. 1 items
Li, Jingchao 1 items
Li, Rong 1 items
Lieber, Matthew 1 items
Ljungqvist, Alexander 1 items
Lkhagvasuren, Damba 1 items
Loutskina, Elena 1 items
Lunsford, Kurt Graden 1 items
McCrory, Peter B. 1 items
McGrattan, Ellen R. 1 items
Melcangi, Davide 1 items
Mendoza, Enrique G. 1 items
Miranda-Pinto, Jorge 1 items
Miyachi, Kazuaki 1 items
Moser, Christian 1 items
Moshammer, Edmund 1 items
Moyen, Stephane 1 items
Muller, Gernot J. 1 items
Nakajima, Tomoyuki 1 items
Navarro, Gaston 1 items
Nee, Shawn 1 items
Neely, Christopher J. 1 items
Nelson, Jaeger 1 items
Ngai, L. Rachel 1 items
Ngo, Phuong 1 items
Novan, Kevin 1 items
Nugent, Jeffrey B. 1 items
Nunes, Ricardo 1 items
Nygaard, Vegard 1 items
Ocampo, Sergio 1 items
Occhino, Filippo 1 items
Olea de Souza e Silva, Pedro 1 items
Park, Woong Yong 1 items
Pasten, Ernesto 1 items
Pataracchia, Beatrice 1 items
Pei, Yun 1 items
Peralta-Alva, Adrian 1 items
Pfajfar, Damjan 1 items
Pilossoph, Laura 1 items
Plante, Michael D. 1 items
Porcelli, Francesco 1 items
Rapach, David E. 1 items
Ratto, Marco 1 items
Raveendranathan, Gajen 1 items
Ravn, Morten O. 1 items
Raymond, Stephen 1 items
Rios-Rull, Jose-Victor 1 items
Roeger, Werner 1 items
Rohan, Justin 1 items
Rottner, Matthias 1 items
Rubin, Laura S. 1 items
Sargent, Thomas J. 1 items
Saxena, Akshar 1 items
Schmid, Lukas 1 items
Schoenle, Raphael 1 items
Selim, Hoda 1 items
Sly, Nicholas 1 items
Smolyansky, Michael 1 items
Stähler, Nikolai 1 items
Surico, Paolo 1 items
Terry, Ellie 1 items
Tesar, Linda L. 1 items
Thompson, Stephen 1 items
Traum, Nora 1 items
Tsujiyama, Hitoshi 1 items
Vardoulakis, Alexandros 1 items
Walsh, Kieran 1 items
Wang, Xin 1 items
Weber, Caroline 1 items
Winkler, Fabian 1 items
Wu, Jing 1 items
Xie, Zoe 1 items
Yang, Choongryul 1 items
Yang, Shu-Chun 1 items
Yang, Shu-Chun S. 1 items
Yared, Pierre 1 items
Ye, Victor 1 items
Yücel, Mine K. 1 items
Zabek, Michael A. 1 items
Zenios, Stavros A. 1 items
Zha, Tao 1 items
Zhang, Ji 1 items
Zhang, Jing 1 items
Zhou, Hao 1 items
Zhou, Xiaoqing 1 items
dAlessandro, Antonello 1 items
de Ridder, Maarten 1 items
http://fedora:8080/fcrepo/rest/objects/authors/ 1 items
in 't Veld, Jan 1 items
show more (260)
show less
FILTER BY Jel Classification
E52 38 items
H21 37 items
E32 28 items
H30 28 items
E21 23 items
E63 22 items
E61 21 items
E13 16 items
H31 14 items
C32 13 items
E58 13 items
E22 11 items
E31 10 items
C61 9 items
F34 9 items
F41 9 items
H63 9 items
E24 8 items
E30 8 items
D72 7 items
H25 7 items
J64 7 items
D52 6 items
E60 6 items
D83 5 items
E43 5 items
H20 5 items
H24 5 items
H55 5 items
H71 5 items
I13 5 items
D61 4 items
D80 4 items
F44 4 items
H50 4 items
H51 4 items
H56 4 items
H6 4 items
H60 4 items
D24 3 items
E20 3 items
E44 3 items
F42 3 items
H23 3 items
C15 2 items
C23 2 items
C31 2 items
C54 2 items
C99 2 items
D12 2 items
D21 2 items
D31 2 items
D62 2 items
D63 2 items
D82 2 items
D91 2 items
E3 2 items
E65 2 items
G11 2 items
G12 2 items
G15 2 items
H27 2 items
H3 2 items
H32 2 items
H5 2 items
H57 2 items
H68 2 items
H72 2 items
H77 2 items
I14 2 items
I15 2 items
N10 2 items
O16 2 items
Q43 2 items
C11 1 items
C24 1 items
C30 1 items
C36 1 items
C58 1 items
C60 1 items
C62 1 items
C63 1 items
D1 1 items
D15 1 items
D30 1 items
D60 1 items
D78 1 items
D84 1 items
D90 1 items
E02 1 items
E10 1 items
E47 1 items
E5 1 items
E50 1 items
E66 1 items
F32 1 items
F38 1 items
F40 1 items
F45 1 items
F62 1 items
F68 1 items
G14 1 items
G17 1 items
G18 1 items
G22 1 items
G38 1 items
G51 1 items
H0 1 items
H00 1 items
H12 1 items
H2 1 items
H22 1 items
H39 1 items
H41 1 items
H52 1 items
H54 1 items
H61 1 items
H62 1 items
H70 1 items
H74 1 items
H84 1 items
H87 1 items
I38 1 items
J11 1 items
J2 1 items
J20 1 items
J22 1 items
J6 1 items
J60 1 items
J61 1 items
J65 1 items
K34 1 items
N41 1 items
N42 1 items
O11 1 items
O23 1 items
O3 1 items
O31 1 items
O40 1 items
O53 1 items
Q38 1 items
R21 1 items
R23 1 items
R58 1 items
show more (140)
show less
FILTER BY Keywords
fiscal policy 48 items
Incomplete Markets 23 items
Ramsey Problem 19 items
COVID-19 11 items
zero lower bound 10 items
Heterogeneous Agents 9 items
time-consistency 9 items
Capital Taxation 8 items
Government spending 8 items
Inflation 7 items
discretion 7 items
Fiscal Multipliers 7 items
Monetary Policy 7 items
government debt 6 items
Inequality 6 items
Fiscal Multiplier 6 items
Optimal taxation 6 items
Capital income tax 5 items
Modified Golden Rule 5 items
austerity 5 items
deficit 5 items
institutional design 5 items
Medicaid 4 items
Optimal Capital Taxation 4 items
Optimal Public Debt 4 items
Tax Smoothing 4 items
Taxes 4 items
Unemployment 4 items
Voting 4 items
fiscal rules 4 items
political frictions 4 items
Job Search 4 items
Labor Productivity 4 items
Political Economy 4 items
consumption 4 items
debt sustainability 4 items
inflation targeting 4 items
liquidity traps 4 items
Sovereign Debt 4 items
Sovereign Default 4 items
Asymmetry 3 items
Capital 3 items
Essential Set 3 items
Gini coefficient 3 items
Markov-switching models 3 items
Nonlinearity 3 items
Optimal Fiscal Policy 3 items
Overlapping Generation 3 items
Production efficiency 3 items
Ramsey taxation 3 items
Role of Public Debt 3 items
Tax Cuts and Jobs Act 3 items
Taxation 3 items
ambiguity aversion 3 items
income and consumption inequality 3 items
interest rates 3 items
labor tax 3 items
multiplier preferences 3 items
public debt 3 items
spillovers 3 items
Unemployment insurance 3 items
debt 3 items
fiscal stimulus 3 items
forward guidance 3 items
liquidity trap 3 items
new Keynesian model 3 items
overlapping generations 3 items
Optimal Policy 3 items
Border adjustment 2 items
Business Taxes and Subsidies 2 items
Commitment 2 items
Consumer Spending 2 items
Country Risk 2 items
Crises 2 items
Default 2 items
Disability Insurance 2 items
Effective Lower Bound 2 items
Emerging Markets 2 items
Exchange Rate 2 items
FOMC 2 items
Free trade 2 items
Government Bonds 2 items
Great Recession 2 items
Greenbook 2 items
Household balance sheet 2 items
Investment Decisions 2 items
Japan 2 items
Monetary and fiscal policies 2 items
Optimal Quantity of Debt 2 items
Origin- and destination-based taxation 2 items
Panel Survey of Income Dynamics 2 items
Policy uncertainty 2 items
Pollution 2 items
Procyclicality 2 items
Production Externalities 2 items
Regional Variation 2 items
Retirement 2 items
Saving and Capital Investment 2 items
Search and matching 2 items
Seigniorage 2 items
Social Security 2 items
Value-added taxes 2 items
Wealth Distribution. 2 items
competitive fringe 2 items
coronavirus 2 items
debt financing 2 items
emergency budget 2 items
identification 2 items
macroeconomic uncertainty 2 items
martingale 2 items
military spending 2 items
misspecification 2 items
moral hazard 2 items
multipliers 2 items
optimal contracting 2 items
pandemic 2 items
tax shocks 2 items
welfare 2 items
Aging 2 items
Capital tax 2 items
Collateral constraints 2 items
Credit constraints 2 items
Deficits 2 items
Financial recession 2 items
Fiscal Policy Transmission 2 items
Fiscal Stabilization Policy 2 items
Fiscal Sustainability 2 items
Fiscal consolidation 2 items
Forecasting 2 items
Government transfers 2 items
Human Capital 2 items
Local projections 2 items
Model uncertainty 2 items
Paternalism 2 items
Sustainable Plan 2 items
Tax reform 2 items
Active-set algorithm 1 items
Arab World 1 items
Asset directed search 1 items
Bayesian VAR 1 items
Bayesian analysis 1 items
Bayesian estimation 1 items
Bayesian methods 1 items
Bilateral Tax Treaties 1 items
Blinder-Oaxaca decomposition 1 items
C-means 1 items
CARES act 1 items
COVID-19 pandemic 1 items
Capital tax rate 1 items
Capital-skill complementarity 1 items
Carbon taxation 1 items
Central Bank 1 items
Chinese Economy 1 items
Collateral constraint 1 items
Corporate taxation 1 items
Countercyclical policy 1 items
Credibility 1 items
Credible policy 1 items
Cross-country differences in market hours 1 items
Cross-sectional analysis 1 items
Cumulative abnormal returns 1 items
DSGE model 1 items
Decline 1 items
Deflationary bias 1 items
Demographic Decomposition 1 items
Dependent fiscal policy effects 1 items
Economic Development 1 items
Economic development, technological change, and growth 1 items
Economic growth 1 items
Economic stimulus 1 items
Employment 1 items
Epstein-Zin 1 items
European Monetary Union 1 items
European debt crisis 1 items
Event study 1 items
Excess returns 1 items
Factor-augmented VARs 1 items
Federal Procurement 1 items
Federal Reserve System 1 items
Financial constraints 1 items
Financial services industry 1 items
Fiscal 1 items
Fiscal Limit 1 items
Fiscal Union 1 items
Fiscal foresight 1 items
Fiscal uncertainty 1 items
Flat tax 1 items
GDP 1 items
Generational accounts 1 items
Global VARs 1 items
Government budget 1 items
Granularity 1 items
Greek Depression 1 items
Health care 1 items
Heterogeneity 1 items
Heterogeneous Agents. 1 items
Heterogeneous discount factors 1 items
Heterogeneous-Agent 1 items
Heterogeneous-agent model 1 items
Incomplete Market 1 items
Inflation bias 1 items
Inflationary Finance 1 items
Information 1 items
Interest rate normalization 1 items
International Business Cycles 1 items
International Risk Sharing 1 items
International finance 1 items
Intertemporal substitution 1 items
K-12 education 1 items
Labor and demographic economics 1 items
Limited commitment 1 items
Liquidity 1 items
Local finance 1 items
Local labor markets 1 items
Long run 1 items
Low interest rates 1 items
MLF 1 items
Markov chain 1 items
Markov equilibrium 1 items
Markov-perfect equilibrium 1 items
Measurement error 1 items
Medicare 1 items
Mercalli scale 1 items
Middle East 1 items
Migration 1 items
Mirrlees taxation 1 items
Monetary and fiscal policy interaction 1 items
Monetary-fiscal coordination 1 items
Multidimensional screening 1 items
Narrative approach 1 items
Narrative shocks 1 items
Natural disasters 1 items
New Keynesian 1 items
Nominal anchor 1 items
Nominal rigidity 1 items
Non-linear DSGE model 1 items
North Africa 1 items
Occupational Choice 1 items
Optimal Debt 1 items
Optimal Inflation Target 1 items
Optimal income taxation 1 items
Optimal level of government debt 1 items
Pension reform 1 items
Policy Delegation 1 items
Power law models 1 items
Preference heterogeneity 1 items
Present bias 1 items
Price level 1 items
Private insurance 1 items
Productivity 1 items
Quasi-geometry 1 items
R&D 1 items
R&D investment 1 items
Ramsey plan 1 items
Ramsey plans 1 items
Rate of return heterogeneity 1 items
Recession 1 items
Regional economies 1 items
Research and Development 1 items
Revenue 1 items
SPR 1 items
SVAR 1 items
Savings 1 items
Sectoral Heterogeneity 1 items
Six-agent New Keynesian model 1 items
Social welfare functions 1 items
Sovereign Debt Default 1 items
Stabilization bias 1 items
State Government 1 items
State Revenue 1 items
State finance 1 items
Steady state 1 items
Sunset provision 1 items
Sunspot Equilibria 1 items
Sunspot Shock 1 items
Tax extension 1 items
Tax on capital 1 items
Tax progressivity 1 items
Tax treaties 1 items
Taxes and Economic Growth 1 items
Temporary tax 1 items
The Great Recession, housing choices, consumption, heterogeneity, wealthy hand-to-mouth consumers 1 items
Time Inconsistency 1 items
Time consistency 1 items
Transfers 1 items
Transition dynamics 1 items
Transition path 1 items
U.S. Federal Tax Code 1 items
Uncertainty shocks 1 items
Unemployment risk 1 items
Uniform taxation 1 items
User cost of capital 1 items
VAT 1 items
Vocational Criteria 1 items
Volcker-Ravitch state fiscal crisis taskforce 1 items
Wealth inequality 1 items
Wealth taxation 1 items
Welfare implications 1 items
accelerated depreciation 1 items
adverse selection 1 items
asymmetric rules 1 items
balance 1 items
balanced budget 1 items
bond risk premium 1 items
budget 1 items
budget transparency 1 items
capacity utilization 1 items
capital income taxation 1 items
cash transfers 1 items
clustering 1 items
conditional Value-at-Risk 1 items
consumption-inflation correlation 1 items
coordination 1 items
crude oil 1 items
debt elasticity 1 items
decentralization 1 items
demand uncertainty 1 items
determinacy 1 items
disanchoring of inflation expectations 1 items
distortionary taxation 1 items
efficiency 1 items
elderly 1 items
elections 1 items
endogenous growth 1 items
entrepreneurship 1 items
excess burden 1 items
expectation 1 items
expectations 1 items
federal tax reform 1 items
financial frictions. 1 items
fiscal austerity 1 items
fiscal constraints 1 items
fiscal federalism 1 items
fiscal institutions 1 items
fiscal insurance 1 items
fiscal surplus 1 items
fiscal-monetary policy regime 1 items
fuel subsidies 1 items
generalized Euler equation 1 items
government 1 items
government spending multipliers 1 items
government-financed health care 1 items
heterogeneous treatment effects 1 items
heteroskedasticity 1 items
home production 1 items
household debt 1 items
household income 1 items
identification of global and country specific shocks 1 items
impulse response function 1 items
inflation conservatism 1 items
inflation premia 1 items
infrastructure 1 items
innovation 1 items
insurance rejections 1 items
intensive and extensive labor margins 1 items
interest deductibility 1 items
interest rate smoothing 1 items
intergovernmental transfers 1 items
intertemporal elasticity of substitution 1 items
investment shock 1 items
life cycle 1 items
life cycle model 1 items
liquid and illiquid assets 1 items
local fiscal multipliers 1 items
long-term care insurance 1 items
long-term debt 1 items
machine learning 1 items
marginal propensity to consume 1 items
marginal propensity to spend 1 items
medical expenses 1 items
mitigation 1 items
mixing 1 items
moment matching 1 items
monetary and fiscal policy 1 items
monetary union 1 items
monopolist 1 items
mortgage debt 1 items
multiplier 1 items
municipal debt 1 items
municipal debt markets 1 items
natural rate 1 items
nominal debt 1 items
non-linear stochastic dynamic models state space discretization 1 items
numerical methods 1 items
occupation 1 items
oil curse 1 items
oil exporters 1 items
oil inventories 1 items
oil prices 1 items
open economy macro 1 items
operating deficits 1 items
opportunistic reflation 1 items
optimal monetary policy 1 items
optimal reforms 1 items
optimization 1 items
output growth 1 items
partisanship 1 items
pensions 1 items
pessimistic expectations 1 items
policy 1 items
policy intervention 1 items
political frictions. 1 items
profit tax 1 items
public consumption 1 items
public spending 1 items
real wage 1 items
recursive utility 1 items
redistributive taxation 1 items
regression discontinuity. 1 items
regression kink design 1 items
reputation 1 items
residential property taxes 1 items
residual-based moving block bootstrap 1 items
resource distribution 1 items
risk measures 1 items
risk premia 1 items
robustness 1 items
scenario analysis 1 items
shock specific rule 1 items
shock-specific policy rules 1 items
social insurance 1 items
state and local governments 1 items
state and local taxes 1 items
state-dependence 1 items
sticky wages 1 items
stimulus payments 1 items
stochastic growth model 1 items
stochastic programming 1 items
stock market 1 items
stock-bond return correlation 1 items
storage 1 items
structural shocks 1 items
structural vector autoregression 1 items
structural vector autoregressions 1 items
subsidies on family care 1 items
subsidy 1 items
sustainability 1 items
tax competition 1 items
tax multiplier 1 items
tax rebate 1 items
show more (495)
show less