Cargando…
Evaluating Changes in the Transmission Mechanism of Government Spending Shocks /
We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption; however, this relation is reverted in the latest periods. We pr...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Colección: | IMF working paper ;
WP/17/49. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000Mu 4500 | ||
|---|---|---|---|
| 001 | EBSCO_ocn982011971 | ||
| 003 | OCoLC | ||
| 005 | 20231017213018.0 | ||
| 006 | m o d | ||
| 007 | cr |n|---||||| | ||
| 008 | 170408s2017 dcu o 000 0 eng d | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d MERUC |d YDX |d IDEBK |d LLB |d OCLCQ |d OCLCO |d OCLCF |d UWO |d WRM |d CEF |d OTZ |d N$T |d AGLDB |d IGB |d OCLCQ |d G3B |d S8J |d S8I |d STF |d D6H |d BTN |d AUW |d INTCL |d MHW |d SNK |d OCLCQ |d CUS |d OCLCO |d OCLCQ | ||
| 066 | |c (S | ||
| 019 | |a 981663556 |a 981886646 |a 981980751 |a 981986596 |a 1264728607 | ||
| 020 | |a 9781475586695 |q (electronic bk.) | ||
| 020 | |a 1475586698 |q (electronic bk.) | ||
| 020 | |z 147558606X | ||
| 020 | |z 9781475586060 | ||
| 024 | 7 | |a 10.5089/9781475586060.001 |2 doi | |
| 029 | 1 | |a AU@ |b 000065564518 | |
| 035 | |a (OCoLC)982011971 |z (OCoLC)981663556 |z (OCoLC)981886646 |z (OCoLC)981980751 |z (OCoLC)981986596 |z (OCoLC)1264728607 | ||
| 037 | |a 1004669 |b MIL | ||
| 050 | 4 | |a HG230.3 | |
| 072 | 7 | |a BUS |x 027000 |2 bisacsh | |
| 082 | 0 | 4 | |a 332.46 |2 23 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Rebei, Nooman, |d 1972- |e author. | |
| 245 | 1 | 0 | |a Evaluating Changes in the Transmission Mechanism of Government Spending Shocks / |c by Nooman Rebei. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2017. | ||
| 300 | |a 1 online resource (32 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/17/49 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover; Contents; 1 Introduction; 2 Empirical Investigation; 3 Theoretical Analysis; 3.1 Optimizing households; 3.2 Rule-of-thumb households; 3.3 Firms; 3.4 Government and monetary policy; 3.5 Aggregation; 3.6 Theoretical results and interpretation; 4 Estimated Model; 4.1 Estimation strategy; 4.2 Estimation results; 4.3 Time varying impulse-response functions; 4.4 Some counterfactual exercises; 4.5 Back to the BVAR estimation; 5 Conclusion; Appendices; A Estimation Results; List of Figures; 1 Output and Consumption Responses (Sample: 1950:I-2015:IV). | |
| 520 | 3 | |a We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption; however, this relation is reverted in the latest periods. We propose a model embedding non-separable public and private consumption in the utility function and rule-of-thumb consumers to assess the sources of non-monotonic changes in the transmission of the shock. The iterative full information estimation of the model reveals that changes in the co-movement between private and public spending is primarily driven by the fluctuations in the elasticity of substitution between private and public consumption, the share of financially constrained consumers, and the elasticity of intertemporal substitution. | |
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 650 | 0 | |a Monetary policy. | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Monetary policy. |2 fast |0 (OCoLC)fst01025230 | |
| 776 | 0 | 8 | |i Print version: |a Rebei, Nooman. |t Evaluating Changes in the Transmission Mechanism of Government Spending Shocks. |d Washington, D.C. : International Monetary Fund, ©2017 |z 9781475586060 |
| 830 | 0 | |a IMF working paper ; |v WP/17/49. | |
| 856 | 4 | 0 | |u https://ebsco.uam.elogim.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496827 |z Texto completo |
| 880 | 8 | |6 505-00/(S |a 2 Impact of Government Spending Shock (3-variable BVAR)3 Second Year Impact of the Shock; 4 Impact of Government Spending Shock (7-variable BVAR); 5 Partial derivative of the marginal utility; 6 Impact of a government spending shock as a function of θ and γ; 7 Impact of a government spending shock as a function of ν and σ; 8 Iterative estimation; 9 Theoretical model: Impulse-response functions; 10 Impact of government spending shock; 11 Change in the contemporaneous reaction of consumption; 12 BVAR responses of consumption; List of Tables; 1 Recursive Bayesian Estimation. | |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL4835179 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis37908709 | ||
| 938 | |a YBP Library Services |b YANK |n 13953441 | ||
| 938 | |a EBSCOhost |b EBSC |n 1496827 | ||
| 994 | |a 92 |b IZTAP | ||