dc.contributor.author | GNOCCHI, Stefano | |
dc.contributor.author | HAUSER, Daniela | |
dc.contributor.author | PAPPA, Evi | |
dc.date.accessioned | 2019-03-01T14:53:37Z | |
dc.date.available | 2019-03-01T14:53:37Z | |
dc.date.issued | 2016 | |
dc.identifier.citation | Journal of monetary economics, 2016, Vol. 79, pp. 94-108 | |
dc.identifier.issn | 0304-3932 | |
dc.identifier.issn | 1873-1295 | en |
dc.identifier.uri | https://hdl.handle.net/1814/61488 | |
dc.description.abstract | In an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, we discipline complementarity between consumption and hours worked and relate its strength to the size of fiscal multipliers. Evidence on the substitutability between home and market goods confirms that complementarity is an empirically relevant driver of fiscal multipliers. However, in a housework model substantial complementarity can be generated without imposing a low wealth effect, which contradicts the microeconomic evidence. Also, explicitly modeling housework matters for assessing the welfare effects of government spending, which are understated by theories that neglect substitutability between home-produced and market goods. Crown Copyright (C) 2016 Published by Elsevier B.V. All rights reserved. | |
dc.description.sponsorship | Spanish Ministry of Education and Science [ECO2009-09847] | |
dc.description.sponsorship | Barcelona GSE Research Network | |
dc.description.sponsorship | Government of Catalonia | |
dc.language.iso | en | |
dc.publisher | Elsevier | en |
dc.relation | ECO2009-09847 | |
dc.relation.ispartof | Journal of monetary economics | |
dc.subject | Government expenditure shocks | |
dc.subject | Home production | |
dc.subject | Business-Cycle | en |
dc.subject | Household Production | en |
dc.subject | Nonseparable Preferences | en |
dc.subject | Transmission Mechanism | en |
dc.subject | Great Recession | en |
dc.subject | Policy | en |
dc.subject | Shocks | en |
dc.subject | Labor | en |
dc.subject | Consumption | en |
dc.subject | Model | en |
dc.title | Housework and fiscal expansions | |
dc.type | Article | |
dc.identifier.doi | 10.1016/j.jmoneco.2016.04.003 | |
dc.identifier.volume | 79 | |
dc.identifier.startpage | 94 | |
dc.identifier.endpage | 108 | |
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