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The Role of Automatic Stabilizers in the U.S. Business Cycle

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Publication:4613388
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DOI10.3982/ECTA11574zbMath1419.91512MaRDI QIDQ4613388

Ricardo Reis, Alisdair McKay

Publication date: 31 January 2019

Published in: Econometrica (Search for Journal in Brave)


zbMATH Keywords

heterogeneous agentsfiscal multiplierscountercyclical fiscal policy


Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)


Related Items (9)

Employment prospects and the propagation of fiscal stimulus ⋮ Unemployment risk, MPC heterogeneity, and business cycles ⋮ Household balance sheet channels of monetary policy: a back of the envelope calculation for the euro area ⋮ Tax‐and‐transfer progressivity and business cycles ⋮ The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures ⋮ The power of forward guidance in a quantitative TANK model ⋮ Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income Risk ⋮ How do income and the debt position of households propagate fiscal stimulus into consumption? ⋮ Deep learning classification: modeling discrete labor choice







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