๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Tax multipliers and monetary policy: Evidence from a threshold model

โœ Scribed by Jones, Paul M.; Olson, Eric


Book ID
121492164
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
470 KB
Volume
122
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


Tax multipliers and monetary policy: Evi
โœ Jones, Paul M.; Olson, Eric ๐Ÿ“‚ Article ๐Ÿ“… 2014 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 470 KB

## h i g h l i g h t s โ€ข We extend Romer and Romer (2010) and allow for nonlinearities between fiscal policy shocks and gdp. โ€ข The best fitting threshold variable is the federal funds rate with a delay of 2. โ€ข The tax multiplier is 4 times larger with accommodative monetary policy.