Search
Now showing items 1-7 of 7
- Sort Options:
- Relevance
- Title Asc
- Title Desc
- Issue Date Asc
- Issue Date Desc
- Submission Date Asc
- Submission Date Desc
- Results Per Page:
- 5
- 10
- 20
- 40
- 60
- 80
- 100
Title:Time-consistent institutional design Author(s):BRENDON, Charles
; ELLISON, MartinDate:2014Type:Working PaperSeries/Number:EUI MWP; 2014/21Abstract:We propose a new normative approach to designing institutional commitments in environments that are subject to a time inconsistency problem, à la Kydland and Prescott (1977). This approach captures the idea that institutions ...

Title:Pre-Announcement and Timing. The Effects of a Government Expenditure Shock Author(s):KRIWOLUZKY, AlexanderDate:2009Type:Working PaperSeries/Number:EUI MWP; 2009/38Abstract:This paper investigates the effect of a government expenditure shock on consumption and real wages. I identify the shock by exploiting its pre-announced nature, i.e. different signs of the responses in investment, hours ...
Title:The combination of monetary and fiscal policy shocks : a TVP-FAVAR approach Author(s):MOLTENI, Francesco
; PAPPA, EviDate:2017Type:Working PaperSeries/Number:EUI MWP; 2017/13Abstract:This paper analyzes jointly the effects of monetary and fiscal policy shocks in the US economy using a factor augmented vector autoregressive model with drifting coefficients and stochastic volatility. The time varying ...


Title:Fiscal policy under constraints : fiscal capacity and the (in-)stability of government financing during the Great Depression Author(s):PAPADIA, Andrea
Date:2018Type:Working PaperSeries/Number:EUI MWP; 2018/06Abstract:The Great Depression, and the interwar period more generally, were characterized by macroeconomic mismanagement. Fiscal policy, in particular, was essentially not used to fight the slump. Despite this, I find that a higher ...

Title:Pre-announcement and Timing - The Effects of a Government Expenditure Shock Author(s):KRIWOLUZKY, AlexanderDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/40Abstract:This paper investigates the effect of a government expenditure shock on consumption and real wages. I identify the shock by exploiting its pre-announced nature, i.e. different signs of the responses in investment, hours ...
Title:Credibilty Concerns in Optimal Policy Design Author(s):LU, Yang K.Date:2010Type:Working PaperSeries/Number:EUI MWP; 2010/16Abstract:This paper provides a transparent framework for thinking about optimal investment in reputation by a trustworthy government. This topic has been neglected by the existing literature on reputation games but is potentially ...
Title:Non-linearities and fiscal policy Author(s):FOTIOU, Alexandra Aikaterini
Date:2019Type:Working PaperSeries/Number:EUI MWP; 2019/11Abstract:Empirical evidence shows that fiscal multipliers depend on the state of the cycle, the nature of fiscal policy and the level of debt. In other words, evidence points to non-linearities in the effects of fiscal policy. This ...
