[PDF] Top 20 Fiscal stimulus in a model with endogenous firm entry

... the entry model of Bilbiie, Ghironi, and Melitz (2007a) with capital in produc- ...manufacturing firm employs labor and capital to produce a single differenti- ated intermediate good in a ... See full document

... NK model with deep habits but pays particular attention to the subtle interactions between fiscal and monetary policy that determine the outcome of a fiscal ... See full document

... of fiscal multiplier using a version of the BHA model with price adjustment costs as in Rotemberg (1982) and decompose the reaction of private consumption to government purchases into several channels to ... See full document

... the fiscal multiplier, such as: i. Model Simulations: models with an ISLM structure and little or no forward looking behavior result in positive multipliers by ...of fiscal measure “shock” studied, ... See full document

... of fiscal multipliers in Central and Eastern European Countries ...correction model, which appropriately captures the common long-term path of CEEC, while allowing for different short-run dynamics, in an ... See full document

... (VAR) model, points out that fiscal outlays in the form of government consumption and public investment have had a small impact on local economies, particularly since the ...of fiscal expenditure has ... See full document

... estimated model for the United States from Altig et ...of fiscal policy under a number of assumptions about the nature of monetary policy and persistence of the stimulus ...the stimulus ... See full document

... the model to deliver magnified responses of macroeconomic variables in response to a fiscal ...the fiscal expansion - partly because it is a stock variable and partly because of the presence of ... See full document

... Previous research has taken a variety of different approaches in attempting to measure the impact of fiscal policy tools on output (GDP). One approach, exemplified by Blanchard and Perotti (2002), has been to use ... See full document

... the model presented here, certain assumptions concerning market structure have been made for analytical ...our model, one firm (the incumbent) always operates in the market; the other firm ... See full document

... a model that included an extra sector producing human ...Lucas model, if the intertemporal elasticity of substitution is very ...an endogenous growth model with factor taxation and government ... See full document

... our model. The model used here is a computable general-equilibrium OLG model with perfect foresight agents, multiple periods, and endogenous fertil- ...our model, there is a ... See full document

... growth model is based on Grossman and Helpman (1991). We extend their model by (a) introducing money demand via a CIA constraint on R&D to analyze monetary policy, (b) considering lab-equipment ... See full document

... The calibrated step sizes point to a significant heterogeneity in mark-ups in the Chilean economy; specifically, drastic ideas are three times more productive that incremental ones. These values are in line with the ... See full document

... our model. The model used here is a computable general-equilibrium OLG model with perfect foresight agents, multiple periods, and endogenous ...our model, there is a representative ... See full document

... fixed entry cost (licence fee) to pay and then they compete à la Cournot in ...The model presented shows that an inverse relationship between number of firms in the industry and licence fee paid may lead to ... See full document

... literature, fiscal multipliers are larger in advanced economies, when public debt is low, at a high level of financial development, in a financial crisis, and during business cycle downturns; (ii) However, ... See full document

... the entry of a second …rm in a Hotelling type market will increase the price if the two …rms collude and may increase the price if the two …rms compete ala ...Hotelling model, the spokes model, and ... See full document

... Second, a new DSA approach has been recently identified: The Stochastic Debt Sustainability Assessment (SDSA). Here, the risks related to the middle term debt dynamics are explicitely taken into account through the ... See full document

... It is interesting that equation (27) and (5) are exactly the same. This implies that this condition (27) more likely holds as the amount of per capita debt is larger, which is true for the financial situation of the ... See full document