The Resource Fiscal multipliers in the 21st Century, Pedro Brinca, Hans A. Holter, Per Krusell and Laurence Malafry

Fiscal multipliers in the 21st Century, Pedro Brinca, Hans A. Holter, Per Krusell and Laurence Malafry

Label
Fiscal multipliers in the 21st Century
Title
Fiscal multipliers in the 21st Century
Statement of responsibility
Pedro Brinca, Hans A. Holter, Per Krusell and Laurence Malafry
Creator
Contributor
Author
Subject
Language
eng
Summary
The recent experience of a Great Recession has brought the effectiveness of fiscal policy back into focus. Fiscal multipliers do, however, vary greatly over time and place. between wealth inequality and the magnitude of fiscal multipliers. To explain this finding, we develop a life-cycle, overlapping generations economy with uninsurable labor market risk. We calibrate our model to match key characteristics of a number of OECD economies, including the distribution of wages and wealth, social security, taxes and debt and study the effects of changing policies and various forms of inequality on the fiscal multiplier. We find that the fiscal multiplier is highly sensitive to the fraction of the population who face binding credit constraints and also negatively related to the average wealth level in the economy. This explains the correlation between wealth inequality and fiscal multipliers
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Brinca, Pedro
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Holter, Hans A.
  • Krusell, Per
  • Malafry, Laurence
Series statement
  • EUI working papers. RSC
  • EUI papers
  • Pierre Werner Chair Programme on Monetary Union
Series volume
2014/119
http://library.link/vocab/subjectName
  • Multiplier (Economics)
  • Taxation
Label
Fiscal multipliers in the 21st Century, Pedro Brinca, Hans A. Holter, Per Krusell and Laurence Malafry
Link
http://hdl.handle.net/1814/33771
Instantiates
Publication
Note
Subject: Fiscal multipliers; Wealth inequality; Government spending; Taxation
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17744738
Dimensions
30 cm.
Extent
36 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)993118235
Label
Fiscal multipliers in the 21st Century, Pedro Brinca, Hans A. Holter, Per Krusell and Laurence Malafry
Link
http://hdl.handle.net/1814/33771
Publication
Note
Subject: Fiscal multipliers; Wealth inequality; Government spending; Taxation
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17744738
Dimensions
30 cm.
Extent
36 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)993118235

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