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International Spillover of Labor Market Reforms / / Mai Dao
International Spillover of Labor Market Reforms / / Mai Dao
Autore Dao Mai
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica 1 online resource (37 p.)
Disciplina 331.12
Collana IMF Working Papers
IMF working paper
Soggetto topico Labor market - Econometric models
Labor market - Germany - Econometric models
Labor unions - Econometric models
Labor unions - Germany - Econometric models
International trade - Econometric models
Exports and Imports
Labor
Macroeconomics
Demand and Supply of Labor: General
Wages, Compensation, and Labor Costs: General
Employment
Unemployment
Wages
Intergenerational Income Distribution
Aggregate Human Capital
Aggregate Labor Productivity
Macroeconomics: Consumption
Saving
Wealth
Empirical Studies of Trade
Labour
income economics
International economics
Labor markets
Consumption
Terms of trade
Labor market
Economic theory
Economics
Economic policy
nternational cooperation
ISBN 1-4623-4672-3
1-4527-5009-2
9786612840678
1-282-84067-3
1-4518-6973-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; II. Model; A. Overview of Main Building Blocks; B. Final Goods Firms (F-firms); C. Intermediate Goods Firms (I-firms); D. Households; E. Government; F. Unions and Wage Bargaining; G. Definition of Equilibrium; III. Solution method and calibration; IV. Policy simulation; A. Lower average tax rate; Tables; 1. Calibration of the Benchmark Model; B. What is the Role of Labor Unions?; C. How Does Openness Affect Reform Outcome?; D. Other Labor Market Reforms; 2: Long Term Effects of Policy Reforms, Percentage Deviation from Pre-reform
E. Relaxing the Perfect Financial Market AssumptionV. Nominal rigidities and monetary policy; VI. Conclusion; Figures; 1. Dynamic Responses of Domestic and Foreign Variables Following a Cut in Average Tax by 3 %, time in quarters; 2a. Comparison of Response to 3 % Tax Cut Under Unionized and Competitive Labor Market - output and absorption; 2b. Comparison of Response to 3 % Tax Cut Under Unionized and Competitive Labor Market - employment, wages and international trade
3. Response of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Completely Closed Economies4. Responses of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Incomplete Financial Markets; 5. Responses of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Sticky Prices cum Monetary Union; References; Appendix
Record Nr. UNINA-9910788238803321
Dao Mai  
Washington, D.C. : , : International Monetary Fund, , 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
International Spillover of Labor Market Reforms / / Mai Dao
International Spillover of Labor Market Reforms / / Mai Dao
Autore Dao Mai
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica 1 online resource (37 p.)
Disciplina 331.12
Collana IMF Working Papers
IMF working paper
Soggetto topico Labor market - Econometric models
Labor market - Germany - Econometric models
Labor unions - Econometric models
Labor unions - Germany - Econometric models
International trade - Econometric models
Exports and Imports
Labor
Macroeconomics
Demand and Supply of Labor: General
Wages, Compensation, and Labor Costs: General
Employment
Unemployment
Wages
Intergenerational Income Distribution
Aggregate Human Capital
Aggregate Labor Productivity
Macroeconomics: Consumption
Saving
Wealth
Empirical Studies of Trade
Labour
income economics
International economics
Labor markets
Consumption
Terms of trade
Labor market
Economic theory
Economics
Economic policy
nternational cooperation
ISBN 1-4623-4672-3
1-4527-5009-2
9786612840678
1-282-84067-3
1-4518-6973-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; II. Model; A. Overview of Main Building Blocks; B. Final Goods Firms (F-firms); C. Intermediate Goods Firms (I-firms); D. Households; E. Government; F. Unions and Wage Bargaining; G. Definition of Equilibrium; III. Solution method and calibration; IV. Policy simulation; A. Lower average tax rate; Tables; 1. Calibration of the Benchmark Model; B. What is the Role of Labor Unions?; C. How Does Openness Affect Reform Outcome?; D. Other Labor Market Reforms; 2: Long Term Effects of Policy Reforms, Percentage Deviation from Pre-reform
E. Relaxing the Perfect Financial Market AssumptionV. Nominal rigidities and monetary policy; VI. Conclusion; Figures; 1. Dynamic Responses of Domestic and Foreign Variables Following a Cut in Average Tax by 3 %, time in quarters; 2a. Comparison of Response to 3 % Tax Cut Under Unionized and Competitive Labor Market - output and absorption; 2b. Comparison of Response to 3 % Tax Cut Under Unionized and Competitive Labor Market - employment, wages and international trade
3. Response of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Completely Closed Economies4. Responses of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Incomplete Financial Markets; 5. Responses of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Sticky Prices cum Monetary Union; References; Appendix
Record Nr. UNINA-9910812626303321
Dao Mai  
Washington, D.C. : , : International Monetary Fund, , 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Irrational Exuberance in the U.S. Housing Market : : Were Evangelicals Left Behind? / / Christopher Crowe
Irrational Exuberance in the U.S. Housing Market : : Were Evangelicals Left Behind? / / Christopher Crowe
Autore Crowe Christopher
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 1 online resource (32 p.)
Collana IMF Working Papers
Soggetto topico Housing - Prices - United States
Evangelicalism
Economics - Religious aspects - Christianity
Financial Risk Management
Infrastructure
Insurance
Real Estate
Demography
Macroeconomics: Consumption
Saving
Wealth
Urban, Rural, and Regional Economics: Housing Demand
Cultural Economics: Religion
Housing Supply and Markets
Demographic Economics: General
Economic Development: Urban, Rural, Regional, and Transportation Analysis
Housing
Financial Crises
Insurance Companies
Actuarial Studies
Property & real estate
Population & demography
Macroeconomics
Economic & financial crises & disasters
Insurance & actuarial studies
Housing prices
Population and demographics
Asset bubbles
Prices
National accounts
Financial crises
Financial institutions
Population
Saving and investment
ISBN 1-4623-4064-4
1-4527-2081-9
1-4518-7204-6
1-282-84278-1
9786612842788
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; Figures; 1. House Price Volatility and Evangelical Population; 2. Average House Price Growth; II. Evangelicals and House Price Volatility; A. Empirical Specification and Results; Tables; 1. Descriptive Statistics; B. Discussion; 2. Regression Results; III. 9/11 Event Study; IV. Panel Study; A. Model and Predictions; 3. Quarterly House Price Growth and Share of Evangelicals; 4. The Rapture Index and Subcategories; B. Data and Empirical Strategy; 5. The Rapture Index; C. Results and Discussion; 3. Descriptive Statistics; 4. Regression Results
V. End Times Beliefs and Asset Holdings5. Counterfactual Exercise; 6. Regression Results; VI. Conclusions; References; Appendix I. Data Descriptions and Sources
Record Nr. UNINA-9910788339903321
Crowe Christopher  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Irrational Exuberance in the U.S. Housing Market : : Were Evangelicals Left Behind? / / Christopher Crowe
Irrational Exuberance in the U.S. Housing Market : : Were Evangelicals Left Behind? / / Christopher Crowe
Autore Crowe Christopher
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 1 online resource (32 p.)
Disciplina 339.4859
Collana IMF Working Papers
Soggetto topico Housing - Prices - United States
Evangelicalism
Economics - Religious aspects - Christianity
Financial Risk Management
Infrastructure
Insurance
Real Estate
Demography
Macroeconomics: Consumption
Saving
Wealth
Urban, Rural, and Regional Economics: Housing Demand
Cultural Economics: Religion
Housing Supply and Markets
Demographic Economics: General
Economic Development: Urban, Rural, Regional, and Transportation Analysis
Housing
Financial Crises
Insurance Companies
Actuarial Studies
Property & real estate
Population & demography
Macroeconomics
Economic & financial crises & disasters
Insurance & actuarial studies
Housing prices
Population and demographics
Asset bubbles
Prices
National accounts
Financial crises
Financial institutions
Population
Saving and investment
ISBN 1-4623-4064-4
1-4527-2081-9
1-4518-7204-6
1-282-84278-1
9786612842788
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; Figures; 1. House Price Volatility and Evangelical Population; 2. Average House Price Growth; II. Evangelicals and House Price Volatility; A. Empirical Specification and Results; Tables; 1. Descriptive Statistics; B. Discussion; 2. Regression Results; III. 9/11 Event Study; IV. Panel Study; A. Model and Predictions; 3. Quarterly House Price Growth and Share of Evangelicals; 4. The Rapture Index and Subcategories; B. Data and Empirical Strategy; 5. The Rapture Index; C. Results and Discussion; 3. Descriptive Statistics; 4. Regression Results
V. End Times Beliefs and Asset Holdings5. Counterfactual Exercise; 6. Regression Results; VI. Conclusions; References; Appendix I. Data Descriptions and Sources
Record Nr. UNINA-9910817533603321
Crowe Christopher  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Is China Over-Investing and Does it Matter? / / Il Lee, Murtaza Syed, Liu Xueyan
Is China Over-Investing and Does it Matter? / / Il Lee, Murtaza Syed, Liu Xueyan
Autore Lee Il
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (23 p.)
Altri autori (Persone) SyedMurtaza
XueyanLiu
Collana IMF Working Papers
IMF working paper
Soggetto topico Investments, Chinese - Econometric models
Economic development - China - Econometric models
Banks and Banking
Finance: General
Macroeconomics
Money and Monetary Policy
Industries: Financial Services
Investment
Capital
Intangible Capital
Capacity
Welfare Economics: General
Intertemporal Consumer Choice
Life Cycle Models and Saving
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Macroeconomics: Consumption
Saving
Wealth
General Financial Markets: General (includes Measurement and Data)
Interest Rates: Determination, Term Structure, and Effects
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Financial Institutions and Services: General
Finance
Monetary economics
Consumption
Emerging and frontier financial markets
Real interest rates
Credit
Financial sector
Financial markets
National accounts
Financial services
Money
Economic sectors
Financial services industry
Economics
Interest rates
ISBN 1-61635-791-6
1-4755-9471-2
1-283-94781-1
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; Figure; Figure 1. Gross Capital Formation, in percent GDP; II. Investment in China: Literature Review; III. Neoclassical Model Approach; Figure 2. Capital- and Investment-to-Output Ratio; Figure 3a. Growth and Capital-to-Output Ratio; Figure 3b. Growth and Investment-to-Output Ratio; IV. A Theoretical Framework of Optimal Investment; Figure 4a. Capital- and Investment-to-Output Ratio; Figure 4b. Capital- and Investment-to-Output Ratio; Figure 5a. Contribution of Investment to GDP growth; Figure 5b. Contribution to Growth (in percent of total)
Figure 6. Production Function V. What Can Aggregate Cross-Country Data Tell Us?; Table; Table 1. Investment Equations 1/ 2/; Figure 7. China: Investment-to-GDP; Table 2. Probit: Probability of crisis; Table 3. Evolution of variables in the lead-up to crisis (5-years); VI. Estimating the Hidden Costs of China's Investment; Figure 9. Profit Margin and Credit allocation between LCs and SMEs; Figure 10. Resource transfers and dead weight loss; Figure 11. Estimated Amount of Resource Transfer from Households to Large Corporate (In percent of GDP); VII. Conclusion; Data Appendix; References
Record Nr. UNINA-9910779593603321
Lee Il  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Is China Over-Investing and Does it Matter? / / Il Lee, Murtaza Syed, Liu Xueyan
Is China Over-Investing and Does it Matter? / / Il Lee, Murtaza Syed, Liu Xueyan
Autore Lee Il
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (23 p.)
Disciplina 346.73052
Altri autori (Persone) SyedMurtaza
XueyanLiu
Collana IMF Working Papers
IMF working paper
Soggetto topico Investments, Chinese - Econometric models
Economic development - China - Econometric models
Banks and Banking
Finance: General
Macroeconomics
Money and Monetary Policy
Industries: Financial Services
Investment
Capital
Intangible Capital
Capacity
Welfare Economics: General
Intertemporal Consumer Choice
Life Cycle Models and Saving
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Macroeconomics: Consumption
Saving
Wealth
General Financial Markets: General (includes Measurement and Data)
Interest Rates: Determination, Term Structure, and Effects
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Financial Institutions and Services: General
Finance
Monetary economics
Consumption
Emerging and frontier financial markets
Real interest rates
Credit
Financial sector
Financial markets
National accounts
Financial services
Money
Economic sectors
Financial services industry
Economics
Interest rates
ISBN 1-61635-791-6
1-4755-9471-2
1-283-94781-1
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; Figure; Figure 1. Gross Capital Formation, in percent GDP; II. Investment in China: Literature Review; III. Neoclassical Model Approach; Figure 2. Capital- and Investment-to-Output Ratio; Figure 3a. Growth and Capital-to-Output Ratio; Figure 3b. Growth and Investment-to-Output Ratio; IV. A Theoretical Framework of Optimal Investment; Figure 4a. Capital- and Investment-to-Output Ratio; Figure 4b. Capital- and Investment-to-Output Ratio; Figure 5a. Contribution of Investment to GDP growth; Figure 5b. Contribution to Growth (in percent of total)
Figure 6. Production Function V. What Can Aggregate Cross-Country Data Tell Us?; Table; Table 1. Investment Equations 1/ 2/; Figure 7. China: Investment-to-GDP; Table 2. Probit: Probability of crisis; Table 3. Evolution of variables in the lead-up to crisis (5-years); VI. Estimating the Hidden Costs of China's Investment; Figure 9. Profit Margin and Credit allocation between LCs and SMEs; Figure 10. Resource transfers and dead weight loss; Figure 11. Estimated Amount of Resource Transfer from Households to Large Corporate (In percent of GDP); VII. Conclusion; Data Appendix; References
Record Nr. UNINA-9910826706903321
Lee Il  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Is Housing Wealth An 'ATM'? the Relationship Between Household Wealth, Home Equity withdrawal, and Saving Rates / / Vladimir Klyuev, Paul Mills
Is Housing Wealth An 'ATM'? the Relationship Between Household Wealth, Home Equity withdrawal, and Saving Rates / / Vladimir Klyuev, Paul Mills
Autore Klyuev Vladimir
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (27 p.)
Altri autori (Persone) MillsPaul
Collana IMF Working Papers
Soggetto topico Home equity conversion - United States
Saving and investment - United States
Infrastructure
Investments: Stocks
Macroeconomics
Real Estate
Industries: Financial Services
Macroeconomics: Consumption
Saving
Wealth
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Economic Development: Urban, Rural, Regional, and Transportation Analysis
Housing
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
Housing Supply and Markets
Finance
Investment & securities
Property & real estate
Stocks
Consumption
Housing prices
Financial institutions
National accounts
Prices
Saving and investment
Economics
ISBN 1-4623-7099-3
1-4527-2290-0
1-282-59008-1
9786613822581
1-4519-8492-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. HAVE SAVING RATES REALLY FALLEN?""; ""III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING""; ""IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES""; ""V. HOW DOES HEW AFFECT HOUSEHOLD SAVING?""; ""VI. ECONOMETRIC ANALYSIS""; ""VII. RECENT EXPERIENCE OF HEW IN AUSTRALIA AND UNITED KINGDOM: IMPLICATIONS FOR UNITED STATES?""; ""VIII. CONCLUSIONS""; ""APPENDIX""; ""I. FINANCIAL LIBERALIZATION AND MORTGAGE PRODUCT INNOVATION""; ""II. DATA ISSUES""; ""References""
Record Nr. UNINA-9910788518903321
Klyuev Vladimir  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Is Housing Wealth An 'ATM'? the Relationship Between Household Wealth, Home Equity withdrawal, and Saving Rates / / Vladimir Klyuev, Paul Mills
Is Housing Wealth An 'ATM'? the Relationship Between Household Wealth, Home Equity withdrawal, and Saving Rates / / Vladimir Klyuev, Paul Mills
Autore Klyuev Vladimir
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (27 p.)
Altri autori (Persone) MillsPaul
Collana IMF Working Papers
Soggetto topico Home equity conversion - United States
Saving and investment - United States
Infrastructure
Investments: Stocks
Macroeconomics
Real Estate
Industries: Financial Services
Macroeconomics: Consumption
Saving
Wealth
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Economic Development: Urban, Rural, Regional, and Transportation Analysis
Housing
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
Housing Supply and Markets
Finance
Investment & securities
Property & real estate
Stocks
Consumption
Housing prices
Financial institutions
National accounts
Prices
Saving and investment
Economics
ISBN 1-4623-7099-3
1-4527-2290-0
1-282-59008-1
9786613822581
1-4519-8492-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. HAVE SAVING RATES REALLY FALLEN?""; ""III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING""; ""IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES""; ""V. HOW DOES HEW AFFECT HOUSEHOLD SAVING?""; ""VI. ECONOMETRIC ANALYSIS""; ""VII. RECENT EXPERIENCE OF HEW IN AUSTRALIA AND UNITED KINGDOM: IMPLICATIONS FOR UNITED STATES?""; ""VIII. CONCLUSIONS""; ""APPENDIX""; ""I. FINANCIAL LIBERALIZATION AND MORTGAGE PRODUCT INNOVATION""; ""II. DATA ISSUES""; ""References""
Record Nr. UNINA-9910821244403321
Klyuev Vladimir  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints / / Michael Kumhof, Huixin Bi
Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints / / Michael Kumhof, Huixin Bi
Autore Kumhof Michael
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 39 p
Altri autori (Persone) BiHuixin
Collana IMF Working Papers
Soggetto topico Fiscal policy
Economic policy
Labor
Macroeconomics
Public Finance
Fiscal Policy
Taxation, Subsidies, and Revenue: General
Macroeconomics: Consumption
Saving
Wealth
Demand and Supply of Labor: General
Public finance & taxation
Labour
income economics
Revenue administration
Consumption
Fiscal rules
Labor supply
Revenue
Economics
Labor market
ISBN 1-4623-5071-2
1-4518-7431-6
1-4527-2886-0
9786612844737
1-282-84473-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Record Nr. UNINA-9910788221203321
Kumhof Michael  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints / / Michael Kumhof, Huixin Bi
Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints / / Michael Kumhof, Huixin Bi
Autore Kumhof Michael
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 39 p
Disciplina 336.3
Altri autori (Persone) BiHuixin
Collana IMF Working Papers
Soggetto topico Fiscal policy
Economic policy
Labor
Macroeconomics
Public Finance
Fiscal Policy
Taxation, Subsidies, and Revenue: General
Macroeconomics: Consumption
Saving
Wealth
Demand and Supply of Labor: General
Public finance & taxation
Labour
income economics
Revenue administration
Consumption
Fiscal rules
Labor supply
Revenue
Economics
Labor market
ISBN 1-4623-5071-2
1-4518-7431-6
1-4527-2886-0
9786612844737
1-282-84473-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Intro -- Contents -- I. Introduction -- II. The Model -- A. Infinitely-Lived Households -- B. Borrowing-Constrained Households -- C. Firms -- D. Government -- 1. Monetary Policy -- 2. Budget Constraint -- 3. Fiscal Policy -- E. Competitive Equilibrium -- F. Aggregate Welfare -- III. Calibration -- IV. Results -- A. Impulse Responses -- 1. Fiscal Policy Rule Parameters -- 2. Monetary Policy Rule Parameters -- B. Welfare under Different Shocks -- C. Welfare and Volatility -- 1. Welfare and Volatility of Policy Instruments -- 2. Efficiency Frontiers -- 3. Alternative Fiscal Instruments -- 4. Alternative Fiscal Rules -- 5. Comparison with the Canonical Infinite-Horizon Case -- V. Conclusion -- References -- Tables -- 1. Moments of the Data and the Model -- Figures -- 1. Positive Technology Shock, Different dtax -- 2. Negative Investment Shock, Different dtax -- 3. Positive Consumption Shock, Different dtax -- 4. Positive Technology Shock, Different dpie -- 5. Positive Technology Shock, Different dpie, No Liquidity-Constrained Agents . -- 6. Positive Technology Shock, Different di -- 7. Welfare - Technology Shock -- 8. Welfare - Investment Shock -- 9. Welfare - Consumption Shock -- 10. Welfare - All Shocks -- 11. Welfare and Policy Instrument Volatility -- 12. Welfare-Fiscal Volatility Efficiency Frontier -- 13. Welfare Comparison across Fiscal Instruments -- 14. 100 Percent Infinitely-Lived Agents - Welfare - 2 Dimensional -- 15. 100 Percent Infinitely-Lived Agents - Welfare - 1 Dimensional.
Record Nr. UNINA-9910829093203321
Kumhof Michael  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui