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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x Econometrics and Mathematical Economics x clear all

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Discretionary Policy and Multiple Equilibria in LQ RE Models

Andrew P. Blake and Tatiana Kirsanova.

in The Review of Economic Studies

October 2012; p ublished online June 2012 .

Journal Article. Subjects: Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Monetary Policy, Central Banking, and the Supply of Money and Credit. 13114 words.

We study stationary discretionary equilibria in dynamic linear-quadratic rational expectations models. Past papers have assumed that this is uniquely determined; we show that such models...

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Estimating nonlinear effects of fiscal policy using quantile regression methods

Ludger Linnemann and Roland Winkler.

in Oxford Economic Papers

October 2016; p ublished online May 2016 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Multiple or Simultaneous Equation Models; Multiple Variables. 10744 words.

We estimate nonlinear effects of government spending shocks on US macroeconomic activity using quantile regression methods. This amounts to allowing regression parameters to depend on how...

Evaluating Long-Term-Care Policy Options, Taking the Family Seriously

Daniel Barczyk and Matthias Kredler.

in The Review of Economic Studies

April 2018; p ublished online June 2017 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Demographic Economics; Welfare Economics; Game Theory and Bargaining Theory. 25832 words.

Abstract

We propose a dynamic non-cooperative framework for long-term-care (LTC) decisions of families and use it to evaluate LTC policy options for the U.S....

Fertility, income inequality, and labour productivity

Ross Guest and Robyn Swift.

in Oxford Economic Papers

October 2008; p ublished online February 2008 .

Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Growth and Aggregate Productivity. 7222 words.

There is mounting evidence of a complex system of multi-directional links between fertility, productivity and inequality. The contribution of this study is a multi-country analysis of these...

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Fiscal and Monetary Determinants of Inflation in Low-Income Countries: Theory and Evidence from Sub-Saharan Africa

Alfredo Baldini and Marcos Poplawski-Ribeiro.

in Journal of African Economies

June 2011; p ublished online March 2011 .

Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Monetary Policy, Central Banking, and the Supply of Money and Credit. 12757 words.

This paper presents a model of fiscal dominance with borrowing constraints and provides new evidence for a large number of Sub-Saharan African countries on the relative importance of fiscal...

Inflation Dynamics in the CEMAC Region

Carlos Caceres, Marcos Poplawski-Ribeiro and Darlena Tartari.

in Journal of African Economies

March 2013; p ublished online November 2012 .

Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 10649 words.

This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices and panel...

Modelling a complex world: improving macro-models

Warwick J McKibbin and Andrew Stoeckel.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: Econometrics and Mathematical Economics; Econometric Modelling; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; General Equilibrium and Disequilibrium; Intertemporal Choice and Growth; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 7587 words.

Abstract

Macro models have come under criticism for their ability to understand or predict major economic events such as the global financial crisis and its...

On the size of the government spending multiplier in the euro area

Patrick Fève and Jean-Guillaume Sahuc.

in Oxford Economic Papers

July 2015; p ublished online April 2015 .

Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 8638 words.

This article addresses the existence of a wide range of estimated government spending multipliers in a dynamic stochastic general equilibrium model of the euro area. Our estimation results...

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Quantitative Approaches to Fiscal Sustainability Analysis: A Case Study of Turkey since the Crisis of 2001

Nina Budina and Sweder van Wijnbergen.

in The World Bank Economic Review

February 2009; p ublished online November 2008 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Econometric and Statistical Methods and Methodology: General. 7863 words.

This case study of fiscal sustainability in Turkey after the crisis in 2001 reviews and extends quantitative approaches to fiscal sustainability analysis and brings them together in a...

Stylised fact or situated messiness? The diverse effects of increasing debt on national economic growth

Andrew Bell, Ron Johnston and Kelvyn Jones.

in Journal of Economic Geography

March 2015; p ublished online March 2014 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Single Equation Models; Single Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 8631 words.

This article reanalyses data used by Reinhart and Rogoff (2010c, American Economic Review, 100: 573–78—RR), and later Herndon et al. (2013, Cambridge Journal of Economics, online, doi:...

Tax and Expenditure Reforms in Africa: An Overview

Ramos E. Mabugu and Witness Simbanegavi.

in Journal of African Economies

March 2015; p ublished online February 2015 .

Journal Article. Subjects: Economic Development; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Taxation, Subsidies, and Revenue. 6605 words.

Taxation is recognised as being able to affect economic growth, poverty and inequality. In Africa, taxation is an instrument that can be used to promote development. Like other countries,...

Time to reject the privileging of economic theory over empirical evidence? A reply to Lawson

Katarina Juselius.

in Cambridge Journal of Economics

March 2011; p ublished online August 2010 .

Journal Article. Subjects: General Aggregative Models; General Economics; Economic Methodology; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Multiple or Simultaneous Equation Models; Multiple Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Econometric Modelling. 6903 words.

The present financial and economic crisis has revealed a systemic failure of academic economics and emphasised the need to re-think how to model economic phenomena. Tony Lawson seems...

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Time-Consistent Public Policy

Paul Klein, Per Krusell and José-Víctor Ríos-Rull.

in The Review of Economic Studies

July 2008; p ublished online July 2008 .

Journal Article. Subjects: National Government Expenditures and Related Policies; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 10015 words.

In this paper we study how a benevolent government that cannot commit to future policy should trade off the costs and benefits of public expenditure. We characterize and solve for...

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Towards a political economy of the theory of economic policy

K. Vela Velupillai.

in Cambridge Journal of Economics

November 2014; p ublished online November 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Economic Methodology; Monetary Policy, Central Banking, and the Supply of Money and Credit. 5236 words.

The theory of economic policy, in its mathematical modes, may be said to have had two incarnations, identified in terms of pre-Lucasian and ultra-Lucasian on a timescale whose origin can be...

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