Mr. Ricardo's Great Adventure : Estimating Fiscal Multipliers in a Truly Intertemporal Model /
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| Author / Creator: | Sgherri, Silvia. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, 2006. |
| Description: | 1 online resource (30 pages) |
| Language: | English |
| Series: | IMF Working Papers, 2227-8885 ; Working Paper No. 06/168 IMF Working Papers ; Working Paper no. 06/168. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/14153798 |
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| 100 | 1 | |a Sgherri, Silvia. | |
| 245 | 1 | 0 | |a Mr. Ricardo's Great Adventure : |b Estimating Fiscal Multipliers in a Truly Intertemporal Model / |c Sgherri, Silvia. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2006. | ||
| 300 | |a 1 online resource (30 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 Papers, |x 2227-8885 ; |v Working Paper No. 06/168 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | 3 | |a We estimate tax multipliers in a ""Blanchard-Yaari"" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20 percent a year and fiscal multipliers of 0.15-0.4-depending on the permanence of the change in taxes/transfers, and is much superior to one that assumes some consumers are fully Ricardian and others follow simple rules of thumb. The implied high private sector rate of discount has wide implications for policymakers. | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. SOME THEORY -- III. SOME ESTIMATES -- IV. SOME ANALYSIS -- V. SOME CONCLUSIONS -- REFERENCES | |
| 650 | 0 | |a Fiscal policy. |0 http://id.loc.gov/authorities/subjects/sh85048601 | |
| 650 | 0 | |a Multiplier (Economics) |0 http://id.loc.gov/authorities/subjects/sh85088384 | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 6 | |a Multiplicateur (Économie politique) | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 650 | 7 | |a Multiplier (Economics) |2 fast | |
| 700 | 1 | |a Bayoumi, Tamim. | |
| 700 | 1 | |a Sgherri, Silvia. | |
| 710 | 2 | |a International Monetary Fund. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 758 | |i has work: |a Mr. Ricardo's great adventure (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGwmMfJgVMHgwF7DQYFBj3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 830 | 0 | |a IMF Working Papers ; |v Working Paper no. 06/168. | |
| 856 | 4 | 0 | |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2006&issue=168 |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HB3730.B39 2006 |l Online |c UC-FullText |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2006&issue=168 |z INTERNATIONAL MONETARY FUND |g ebooks |i 14297326 | ||