Dynamic employment and hours effects of government spending shocks
Read Online
Share

Dynamic employment and hours effects of government spending shocks by Mingwei Yuan

  • 608 Want to read
  • ·
  • 26 Currently reading

Published by Bank of Canada in Ottawa .
Written in English

Subjects:

  • Consumption (Economics)

Book details:

Edition Notes

Statementby Mingwei Yuan and Wenli Li.
SeriesWorking paper = Document de travail -- 99-1, Working paper (Bank of Canada) -- 99-1.
ContributionsLi, Wenli, Bank of Canada.
The Physical Object
Paginationv, 44 p. ;
Number of Pages44
ID Numbers
Open LibraryOL20325633M

Download Dynamic employment and hours effects of government spending shocks

PDF EPUB FB2 MOBI RTF

Yuan, Mingwei & Li, Wenli, "Dynamic employment and hours effects of government spending shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 24(8), pages , July. good job of accounting for the dynamic response of private consumption to a fiscal policy shock. Government employment expenditure acts as a transfer payment for households, thereby dampening substantially the wealth effect on consumption and labor supply associated with fiscal shocks. keywords: Government employment; Fiscal policy. "Dynamic employment and hours effects of government spending shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 24(8), pages , July. Mingwei Yuan & Wenli Li, " Dynamic Employment and Hours Effects of Government Spending Shocks," Staff Working Papers , Bank of : Tatsuyoshi Matsumae, Ryo Hasumi. Mingwei Yuan has written: 'Dynamic employment and hours effects of government spending shocks' -- subject(s): Econometric models, Government spending policy, Hours of labor, Employment (Economic.

The literature dealing with fiscal shocks has considered a range of different measures of government spending. 1 Most papers have focused on government consumption, whether in the aggregate Author: Michele Cavallo.   We construct unanticipated government spending shocks for developing countries from to and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality. The results are robust to several measures of income distribution and size of the fiscal Author: Davide Furceri, Jun Ge, Prakash Loungani, Giovanni Melina. Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate Morten O. Ravn, Stephanie Schmitt-Grohé, Martín Uribe. NBER Working Paper No. Issued in August , Revised in October NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics. Romer and Romer: w The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks: Eichenbaum and Fisher: w Fiscal Policy in the Aftermath of 9/ Barro and Redlick: w Macroeconomic Effects from Government Purchases and Taxes: Ravn, Schmitt-Grohé, and Uribe: w Explaining the Effects of Government Spending Shocks on Consumption .

between shocks to government spending, net taxes and output. Section 5 presents the dynamic effects of tax shocks. Section 6 does the same for spending shocks. Section 7 discusses robustness; among other things, in this section we take up the important issue of anticipated fiscal policy. Section 8. relations between shocks to government spending, net taxes, and output. Section V presents the dynamic effects of tax shocks. Section VI does the same for spending shocks. Section VII dis-cusses robustness, including subsample stability, quarter depen-dence, cointegration, and the . Explaining the Effects of Government Spending Shocks Sarah Zubairy y Duke University I find that in response to a structural unanticipated government spending shock, output, hours, consumption and wages all rise, whereas investment falls on impact. I construct and estimate a dynamic stabilizing the economy and about the dynamic. the difficulty of identifying shocks to government spending that are exogenous, unexpected, and large in magnitude. 1 This paper introduces an instrumental variables approach that addresses these Size: KB.