A fiscal stimulus and jobless recovery:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
©2013
|
| Series: | IMF working paper
WP/13/17 |
| Subjects: | |
| Online Access: | Volltext |
| Item Description: | Title from PDF title page (IMF Web site, viewed Jan. 30, 2013). - "Research Department.". - "January 2013." We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment both at the intensive as well as the extensive margin. The combination of deep habits and CES technology is crucial. The presence of deep habits magnifies the responses of macroeconomic variables to a fiscal stimulus, while an elasticity of substitution between capital and labour in the range of available estimates allows the model to produce a scenario compatible with the observed jobless recovery Includes bibliographical references |
| Physical Description: | 1 Online-Ressource (53 pages) |
| ISBN: | 9781475537000 147553700X |
Staff View
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| 500 | |a Title from PDF title page (IMF Web site, viewed Jan. 30, 2013). - "Research Department.". - "January 2013." | ||
| 500 | |a We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment both at the intensive as well as the extensive margin. The combination of deep habits and CES technology is crucial. The presence of deep habits magnifies the responses of macroeconomic variables to a fiscal stimulus, while an elasticity of substitution between capital and labour in the range of available estimates allows the model to produce a scenario compatible with the observed jobless recovery | ||
| 500 | |a Includes bibliographical references | ||
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| 650 | 4 | |a Labor |x Econometric models | |
| 650 | 4 | |a Unemployment |x Econometric models | |
| 700 | 1 | |a Levine, Paul |e Sonstige |4 oth | |
| 700 | 1 | |a Melina, Giovanni |e Sonstige |4 oth | |
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| id | DE-604.BV042969932 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:14:05Z |
| institution | BVB |
| isbn | 9781475537000 147553700X |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028395798 |
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| physical | 1 Online-Ressource (53 pages) |
| psigel | ZDB-4-EBU FLA_PDA_EBU |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Cantore, Cristiano Verfasser aut A fiscal stimulus and jobless recovery prepared by Cristiano Cantore, Paul Levine, and Giovanni Melina [Washington, D.C.] International Monetary Fund ©2013 1 Online-Ressource (53 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/17 Title from PDF title page (IMF Web site, viewed Jan. 30, 2013). - "Research Department.". - "January 2013." We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment both at the intensive as well as the extensive margin. The combination of deep habits and CES technology is crucial. The presence of deep habits magnifies the responses of macroeconomic variables to a fiscal stimulus, while an elasticity of substitution between capital and labour in the range of available estimates allows the model to produce a scenario compatible with the observed jobless recovery Includes bibliographical references BUSINESS & ECONOMICS / Banks & Banking bisacsh Wirtschaft Ökonometrisches Modell Fiscal policy Econometric models Labor Econometric models Unemployment Econometric models Levine, Paul Sonstige oth Melina, Giovanni Sonstige oth International Monetary Fund Research Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548013 Aggregator Volltext |
| spellingShingle | Cantore, Cristiano A fiscal stimulus and jobless recovery BUSINESS & ECONOMICS / Banks & Banking bisacsh Wirtschaft Ökonometrisches Modell Fiscal policy Econometric models Labor Econometric models Unemployment Econometric models |
| title | A fiscal stimulus and jobless recovery |
| title_auth | A fiscal stimulus and jobless recovery |
| title_exact_search | A fiscal stimulus and jobless recovery |
| title_full | A fiscal stimulus and jobless recovery prepared by Cristiano Cantore, Paul Levine, and Giovanni Melina |
| title_fullStr | A fiscal stimulus and jobless recovery prepared by Cristiano Cantore, Paul Levine, and Giovanni Melina |
| title_full_unstemmed | A fiscal stimulus and jobless recovery prepared by Cristiano Cantore, Paul Levine, and Giovanni Melina |
| title_short | A fiscal stimulus and jobless recovery |
| title_sort | a fiscal stimulus and jobless recovery |
| topic | BUSINESS & ECONOMICS / Banks & Banking bisacsh Wirtschaft Ökonometrisches Modell Fiscal policy Econometric models Labor Econometric models Unemployment Econometric models |
| topic_facet | BUSINESS & ECONOMICS / Banks & Banking Wirtschaft Ökonometrisches Modell Fiscal policy Econometric models Labor Econometric models Unemployment Econometric models |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548013 |
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