Blar i Arbeidsnotater / Working Papers på emneord "fiscal shocks"

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    • Fiscal Shocks and Real Rigidities 

      Furlanetto, Francesco; Seneca, Martin (Working Papers;10/2008, Working paper, 2008)
      In this paper we show that empirically plausible results on the effects of fiscal shocks in Galí, López-Salido and Vallés (2007) rely on a high degree of price stickiness and a large percentage of financially constrained ...

    • Fiscal Stimulus in a Credit Crunch: The Role of Wage Rigidity 

      Furlanetto, Francesco (Working Papers;8/2009, Working paper, 2009)
      In this paper we study the impact of an expansion in public spending in a credit constrained economy with sticky wages. The flexible wage version of the model implies strong expansionary effects on output and consumption ...