On impatience and policy effectiveness /

An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen pri...

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Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Bayoumi, Tamim A. (Auteur), Sgherri, Silvia (Auteur)
Collectivités auteurs: International Monetary Fund. Western Hemisphere Department, International Monetary Fund. European Department
Format: Électronique eBook
Langue:Inglés
Publié: [Washington, D.C.] : International Monetary Fund, ©2009.
Collection:IMF working paper ; WP/09/18.
Sujets:
Fiscal policy.
Economic policy.
Politique fiscale.
Politique économique.
Economic policy
Fiscal policy
Accès en ligne:Texto completo
Table des matières:
  • I. Introduction; II. Theoretical Model; III. Empirical Estimates; IV. Analysis and Discussion; V. Conclusions and Policy Implications; References; Tables; 1. United States: Unit Root Tests; 2. United States: Cointegration Tests; 3. United States: Estimates of Unrestricted Model (Eq. 10); 4. United States: Estimates of Restricted Model with Impatient Consumers (Eq. 9); Figures; 1. United States: The Data, 1955-2005; 2. United States: Validity of Model Restrictions over Time; 3. United States: Time Variation in the Discount Wedge
  • 4. United States: Time Variation in the Persistence of Income/Policy Shocks5. United States: Time Variation in Income/Policy Multiplier; 6. United States: Counterfactual Analysis

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