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A Fiscal Stimulus and Jobless Recovery

A Fiscal Stimulus and Jobless Recovery »

Source: A Fiscal Stimulus and Jobless Recovery

Volume/Issue: 2013/17

Series: IMF Working Papers

Author(s): Cristiano Cantore , Paul Levine , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 January 2013

ISBN: 9781475595338

Keywords: deep habits, labor market search-match frictions, CES production function, government spending, jobless, fiscal stimulus, employment,

We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-el...

Fiscal Policy and Lending Relationships

Fiscal Policy and Lending Relationships »

Source: Fiscal Policy and Lending Relationships

Volume/Issue: 2013/141

Series: IMF Working Papers

Author(s): Giovanni Melina , and Stefania Villa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2013

ISBN: 9781484380277

Keywords: deep habits, lending relationships, government spending, fiscal stimulus, government spending shocks, budget constraint,

This paper studies how fiscal policy affects loan market conditions in the US. First, it conducts a Structural Vector-Autoregression analysis showing that the bank spread responds negatively to an expansionary gove...

A Fiscal Stimulus and Jobless Recovery

A Fiscal Stimulus and Jobless Recovery »

Volume/Issue: 2013/17

Series: IMF Working Papers

Author(s): Cristiano Cantore , Paul Levine , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 January 2013

DOI: http://dx.doi.org/10.5089/9781475595338.001

ISBN: 9781475595338

Keywords: deep habits, labor market search-match frictions, CES production function, government spending, jobless, fiscal stimulus, employment,

We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-el...

Fiscal Policy and Lending Relationships

Fiscal Policy and Lending Relationships »

Volume/Issue: 2013/141

Series: IMF Working Papers

Author(s): Giovanni Melina , and Stefania Villa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2013

DOI: http://dx.doi.org/10.5089/9781484380277.001

ISBN: 9781484380277

Keywords: deep habits, lending relationships, government spending, fiscal stimulus, government spending shocks, budget constraint,

This paper studies how fiscal policy affects loan market conditions in the US. First, it conducts a Structural Vector-Autoregression analysis showing that the bank spread responds negatively to an expansionary gove...