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picture1_Fiscal Policy Pdf 98517 | Paperfiscal


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 113x       Filetype PDF       File size 0.46 MB       Source: faculty.wcas.northwestern.edu


File: Fiscal Policy Pdf 98517 | Paperfiscal
Assessing the Eects of Fiscal Shocks∗ † ‡ § Craig Burnside Martin Eichenbaum Jonas D.M. Fisher August 2001 Abstract This paper investigates the response of real wages and hours ...

icon picture PDF Filetype PDF | Posted on 21 Sep 2022 | 2 years ago

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...Assessing the eects of fiscal shocks craig burnside martin eichenbaum jonas d m fisher august abstract this paper investigates response real wages and hours worked to scal policy in u s during post world war ii era we identify these with exogenous changes military purchases argue that they lead i a persistent increase government andintaxratesoncapitalandlaborincome apersistentrise aggregate as well declines describe implement methodology for whether standard neoclassical models can account shock our main nding is class model able qualitative from quantitative point view magnitude but not timing how responds does less respect would like thank lawrence j christiano lars hansen helpful conversations views expressed do necessarily represent federal reserve bankofchicago system or bank gratefully acknowledges nancial support grant national science foundation bureau economic research fellowship hoover institution northwestern university chicago nber introduction tax rates on capital labor in...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 21 Sep 2022 | 2 years ago
										
										
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