Fiscal Shocks and Asymmetric Effects: A Comparative Analysis
نویسندگان
چکیده
منابع مشابه
Assessing the Effects of Fiscal Shocks
This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to (i) a persistent increase in government purchases and tax rates on capital and labor income, and (ii) a persistent rise in aggregate hours worked as well as decl...
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This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates on capital and labor income, and a persistent rise in aggregate hours worked as well as declines in r...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2365197