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Mr. Ricardo's great adventure : estimating fiscal multipliers in a truly intertemporal model /
We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of aroun...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
2006.
|
| Colección: | IMF working paper ;
WP/06/168. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Bayoumi, Tamim A., |e author. | |
| 245 | 1 | 0 | |a Mr. Ricardo's great adventure : |b estimating fiscal multipliers in a truly intertemporal model / |c prepared by Tamim Bayoumi and Silvia Sgherri. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, IMF Institute, |c 2006. | ||
| 300 | |a 1 online resource (28 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a IMF working paper ; |v WP/06/168 | |
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20 percent a year and fiscal multipliers of 0.15-0.4-depending on the permanence of the change in taxes/transfers, and is much superior to one that assumes some consumers are fully Ricardian and others follow simple rules of thumb. The implied high private sector rate of discount has wide implications for policymakers | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. SOME THEORY -- III. SOME ESTIMATES -- IV. SOME ANALYSIS -- V. SOME CONCLUSIONS -- REFERENCES | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Fiscal policy. | |
| 650 | 0 | |a Multiplier (Economics) | |
| 650 | 0 | |a Fiscal policy |z United States |x Econometric models. | |
| 650 | 0 | |a Discount |z United States |x Econometric models. | |
| 650 | 0 | |a Taxation |z United States |x Econometric models. | |
| 650 | 6 | |a Politique fiscale |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Escompte |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Impôt |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 6 | |a Multiplicateur (Économie politique) | |
| 650 | 7 | |a Taxation |x Econometric models |2 fast | |
| 650 | 7 | |a Fiscal policy |x Econometric models |2 fast | |
| 650 | 7 | |a Discount |x Econometric models |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 650 | 7 | |a Multiplier (Economics) |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Sgherri, Silvia, |e author. | |
| 758 | |i has work: |a Mr. Ricardo's great adventure (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGwmMfJgVMHgwF7DQYFBj3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Bayoumi, Tamim A. |t Mr. Ricardo's great adventure. |d Washington, D.C. : International Monetary Fund, Western Hemisphere Dept., ©2006 |w (OCoLC)74670308 |
| 830 | 0 | |a IMF working paper ; |v WP/06/168. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014375 |z Texto completo |
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