메뉴 건너뛰기




Volumn 94, Issue 4, 2012, Pages 878-895

Fiscal stimulus with spending reversals

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84943453910     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/REST_a_00233     Document Type: Article
Times cited : (148)

References (57)
  • 1
    • 38249010386 scopus 로고
    • The Output, Employment, and Interest Rate Effects of Government Consumption
    • Aiyagari, S. R., L. Christiano, and M. Eichenbaum, "The Output, Employment, and Interest Rate Effects of Government Consumption," Journal of Monetary Economics 30 (1992), 73-80.
    • (1992) Journal of Monetary Economics , vol.30 , pp. 73-80
    • Aiyagari, S.R.1    Christiano, L.2    Eichenbaum, M.3
  • 2
    • 0028591186 scopus 로고
    • Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
    • Backus, D., P. Kehoe, and F. Kydland, "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?" American Economic Review 84 (1994), 84-103.
    • (1994) American Economic Review , vol.84 , pp. 84-103
    • Backus, D.1    Kehoe, P.2    Kydland, F.3
  • 5
    • 0001519157 scopus 로고
    • Fiscal Policy in General Equilibrium
    • Baxter, M., and R. G. King, "Fiscal Policy in General Equilibrium," American Economic Review 83 (1993), 315-334.
    • (1993) American Economic Review , vol.83 , pp. 315-334
    • Baxter, M.1    King, R.G.2
  • 7
    • 0002452742 scopus 로고
    • Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity
    • Bertola, G., and A. Drazen, "Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity," American Economic Review 83 (1993), 11-26.
    • (1993) American Economic Review , vol.83 , pp. 11-26
    • Bertola, G.1    Drazen, A.2
  • 9
    • 0036866084 scopus 로고    scopus 로고
    • An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
    • Blanchard, O. J., and R. Perotti, "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output," Quarterly Journal of Economics 117 (2002), 1329-1368.
    • (2002) Quarterly Journal of Economics , vol.117 , pp. 1329-1368
    • Blanchard, O.J.1    Perotti, R.2
  • 10
    • 0039658649 scopus 로고    scopus 로고
    • The behavior of U.S. Public Debt and Deficits
    • Bohn, H., "The behavior of U.S. Public Debt and Deficits," Quarterly Journal of Economics 113 (1998), 949-963.
    • (1998) Quarterly Journal of Economics , vol.113 , pp. 949-963
    • Bohn, H.1
  • 12
    • 54249088361 scopus 로고    scopus 로고
    • Does It Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints
    • in R. Clarida, J. Frenkel, and F. Giavazzi, (Eds.), (Cambridge, MA: MIT Press)
    • Canova, F., and E. Pappa, "Does It Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints," in R. Clarida, J. Frenkel, and F. Giavazzi, (Eds.), NBER International Macroeconomic Annual (Cambridge, MA: MIT Press, 2004).
    • (2004) NBER International Macroeconomic Annual
    • Canova, F.1    Pappa, E.2
  • 13
    • 34250025318 scopus 로고    scopus 로고
    • Price Differentials in Monetary Unions: The Role of Fiscal Shocks
    • Canova, F., and E. Pappa, "Price Differentials in Monetary Unions: The Role of Fiscal Shocks," Economic Journal 117 (2007), 713-737.
    • (2007) Economic Journal , vol.117 , pp. 713-737
    • Canova, F.1    Pappa, E.2
  • 14
    • 0036655918 scopus 로고    scopus 로고
    • Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    • Chari, V. V., P. J. Kehoe, and E. R. McGrattan, "Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?" Review of Economic Studies 69 (2002), 533-563.
    • (2002) Review of Economic Studies , vol.69 , pp. 533-563
    • Chari, V.V.1    Kehoe, P.J.2    McGrattan, E.R.3
  • 15
    • 15844392342 scopus 로고    scopus 로고
    • Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    • Christiano, L. J., M. Eichenbaum, and C. Evans, "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," Journal of Political Economy 113 (2005), 1-45.
    • (2005) Journal of Political Economy , vol.113 , pp. 1-45
    • Christiano, L.J.1    Eichenbaum, M.2    Evans, C.3
  • 17
    • 0006260747 scopus 로고    scopus 로고
    • Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
    • Clarida, R., J. Galí, and M. Gertler, "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory," Quarterly Journal of Economics 115 (2000), 147-180.
    • (2000) Quarterly Journal of Economics , vol.115 , pp. 147-180
    • Clarida, R.1    Galí, J.2    Gertler, M.3
  • 18
    • 40449136103 scopus 로고    scopus 로고
    • International Risk-Sharing and the Transmission of Productivity Shocks
    • Corsetti, G., L. Dedola, and S. Leduc, "International Risk-Sharing and the Transmission of Productivity Shocks," Review of Economic Studies 75 (2008), 443-473.
    • (2008) Review of Economic Studies , vol.75 , pp. 443-473
    • Corsetti, G.1    Dedola, L.2    Leduc, S.3
  • 19
    • 78650238492 scopus 로고    scopus 로고
    • Optimal Monetary Policy in Open Economies
    • in B.M. Friedman and M. Woodford (Eds.), (New York: Elsevier)
    • Corsetti, G., L. Dedola, and S. Leduc, "Optimal Monetary Policy in Open Economies," in B.M. Friedman and M. Woodford (Eds.), Handbook of Monetary Economics (New York: Elsevier, 2010).
    • (2010) Handbook of Monetary Economics
    • Corsetti, G.1    Dedola, L.2    Leduc, S.3
  • 21
    • 77249153132 scopus 로고    scopus 로고
    • Fiscal Stimulus with Spending Reversals
    • IMF working paper no. 09/106
    • Corsetti, G., A. Meier, and G. J. Müller, "Fiscal Stimulus with Spending Reversals," IMF working paper no. 09/106 (2009).
    • (2009)
    • Corsetti, G.1    Meier, A.2    Müller, G.J.3
  • 22
    • 84872409833 scopus 로고    scopus 로고
    • What Determines Government Spending Multipliers?
    • Corsetti, G., A. Meier, and G. J. Müller, "What Determines Government Spending Multipliers?" mimeograph (2010).
    • (2010) mimeograph
    • Corsetti, G.1    Meier, A.2    Müller, G.J.3
  • 23
    • 33749339312 scopus 로고    scopus 로고
    • Twin Deficits: Squaring Theory, Evidence and Common Sense
    • Corsetti, G., and G. J. Müller, "Twin Deficits: Squaring Theory, Evidence and Common Sense," Economic Policy 48 (2006), 598-638.
    • (2006) Economic Policy , vol.48 , pp. 598-638
    • Corsetti, G.1    Müller, G.J.2
  • 24
    • 57849109359 scopus 로고    scopus 로고
    • Monetary Policy and Welfare in a Small Open Economy
    • De Paoli, B., "Monetary Policy and Welfare in a Small Open Economy," Journal of International Economics 77 (2009), 11-22.
    • (2009) Journal of International Economics , vol.77 , pp. 11-22
    • De Paoli, B.1
  • 25
    • 33645068441 scopus 로고    scopus 로고
    • The Labor-Supply Elasticity and Borrowing Constraints: Why Estimates Are Biased
    • Domeij, D., and M. Flodén, "The Labor-Supply Elasticity and Borrowing Constraints: Why Estimates Are Biased," Review of Economic Dynamics 9 (2006), 242-262.
    • (2006) Review of Economic Dynamics , vol.9 , pp. 242-262
    • Domeij, D.1    Flodén, M.2
  • 28
    • 78650834313 scopus 로고    scopus 로고
    • How Do Fiscal and Technology Shocks Affect Real Exchange Rates? New Evidence for the U.S.
    • Enders, Z., G. J. Müller, and A. Scholl, "How Do Fiscal and Technology Shocks Affect Real Exchange Rates? New Evidence for the U.S.," Journal of International Economics 83 (2011), 53-69.
    • (2011) Journal of International Economics , vol.83 , pp. 53-69
    • Enders, Z.1    Müller, G.J.2    Scholl, A.3
  • 29
    • 0001532134 scopus 로고    scopus 로고
    • Optimal Monetary Policy with Staggered Wage and Price Contracts
    • Erceg, C. J., D. Henderson, and A. Levin, "Optimal Monetary Policy with Staggered Wage and Price Contracts," Journal of Monetary Economics 46 (2000), 281-313.
    • (2000) Journal of Monetary Economics , vol.46 , pp. 281-313
    • Erceg, C.J.1    Henderson, D.2    Levin, A.3
  • 30
    • 42149185703 scopus 로고    scopus 로고
    • Debt and the Effects of Fiscal Policy
    • NBER working paper no. 12833
    • Favero, C., and F. Giavazzi, "Debt and the Effects of Fiscal Policy," NBER working paper no. 12833 (2007).
    • (2007)
    • Favero, C.1    Giavazzi, F.2
  • 32
    • 0040428034 scopus 로고    scopus 로고
    • Cyclical Effects of Government's Employment and Goods Purchases
    • Finn, M. G., "Cyclical Effects of Government's Employment and Goods Purchases," International Economic Review 39 (1998), 635-657.
    • (1998) International Economic Review , vol.39 , pp. 635-657
    • Finn, M.G.1
  • 35
    • 0242306004 scopus 로고    scopus 로고
    • Fiscal Policy and Monetary Integration in Europe
    • Galí, J., and R. Perotti, "Fiscal Policy and Monetary Integration in Europe," Economic Policy 37 (2003), 534-572.
    • (2003) Economic Policy , vol.37 , pp. 534-572
    • Galí, J.1    Perotti, R.2
  • 36
    • 0002487688 scopus 로고
    • Can Severe Fiscal Contractions Be Expanstionary? Tales of Two Small European Countries
    • in Olivier Jean Blanchard and Stanley Fischer (Eds.), (Cambridge, MA: MIT Press)
    • Giavazzi, F., and M. Pagano, "Can Severe Fiscal Contractions Be Expanstionary? Tales of Two Small European Countries," (pp. 75- 111), in Olivier Jean Blanchard and Stanley Fischer (Eds.), NBER Macroeconomics Annual, (Cambridge, MA: MIT Press, 1990).
    • (1990) NBER Macroeconomics Annual , pp. 75-111
    • Giavazzi, F.1    Pagano, M.2
  • 37
    • 77949859407 scopus 로고    scopus 로고
    • By How Much Does GDP Rise If the Governmernt Buys More Output?
    • Hall, R. E., "By How Much Does GDP Rise If the Governmernt Buys More Output?" Brookings Papers on Economic Activity 2 (2009), 183-231.
    • (2009) Brookings Papers on Economic Activity , vol.2 , pp. 183-231
    • Hall, R.E.1
  • 38
    • 40149087751 scopus 로고    scopus 로고
    • Twin Deficit or Twin Divergence? Fiscal Policy, Current Account, and Real Exchange Rate in the U.S.
    • Kim, S., and N. Roubini, "Twin Deficit or Twin Divergence? Fiscal Policy, Current Account, and Real Exchange Rate in the U.S., Journal of International Economics 74 (2008), 362-383.
    • (2008) Journal of International Economics , vol.74 , pp. 362-383
    • Kim, S.1    Roubini, N.2
  • 39
    • 70349814021 scopus 로고    scopus 로고
    • New Evidence on the Interest Rate Effects of Budget Deficits and Debt
    • Laubach, T., "New Evidence on the Interest Rate Effects of Budget Deficits and Debt," Journal of the European Economic Association 7 (2009), 858-885.
    • (2009) Journal of the European Economic Association , vol.7 , pp. 858-885
    • Laubach, T.1
  • 40
    • 0000507406 scopus 로고
    • Equilibria under 'Active' and 'Passive' Monetary and Fiscal Policies
    • Leeper, E. M., "Equilibria under 'Active' and 'Passive' Monetary and Fiscal Policies," Journal of Monetary Economics 27 (1991), 129-147.
    • (1991) Journal of Monetary Economics , vol.27 , pp. 129-147
    • Leeper, E.M.1
  • 41
    • 77950516493 scopus 로고    scopus 로고
    • Dynamics of Fiscal Financing in the United States
    • Leeper, E. M., M. Plante, and N. Traum, "Dynamics of Fiscal Financing in the United States," Journal of Econometrics 156 (2010), 304-321.
    • (2010) Journal of Econometrics , vol.156 , pp. 304-321
    • Leeper, E.M.1    Plante, M.2    Traum, N.3
  • 42
    • 70350141097 scopus 로고    scopus 로고
    • Fiscal Foresight and Information Flows
    • NBER working paper no. 14630
    • Leeper, E. M., T. B. Walker, and S.-C.S. Yang, "Fiscal Foresight and Information Flows," NBER working paper no. 14630 (2009).
    • (2009)
    • Leeper, E.M.1    Walker, T.B.2    Yang, S.-C.S.3
  • 44
    • 0030210498 scopus 로고    scopus 로고
    • The Macroeconomic Effects of Government Debt in a Stochastic Growth Model
    • Ludvigson, S., "The Macroeconomic Effects of Government Debt in a Stochastic Growth Model," Journal of Monetary Economics 38 (1996), 25-45.
    • (1996) Journal of Monetary Economics , vol.38 , pp. 25-45
    • Ludvigson, S.1
  • 45
    • 77953741974 scopus 로고    scopus 로고
    • Fiscal Policy,Wealth Effects, and Markups
    • NBER working paper no. 14584
    • Monacelli, T., and R. Perotti, "Fiscal Policy,Wealth Effects, and Markups," NBER working paper no. 14584 (2008).
    • (2008)
    • Monacelli, T.1    Perotti, R.2
  • 46
    • 77953743304 scopus 로고    scopus 로고
    • Monacelli, T., and R. Perotti, "Fiscal Policy, the Real Exchange Rate and Traded Goods," Economic Journal 120 (2010), 437-461.
    • (2010) Economic Journal , vol.120 , pp. 437-461
    • Monacelli, T.1    Perotti, R.2
  • 48
    • 49449094876 scopus 로고    scopus 로고
    • Five Facts about Prices: A Reevaluation of Menu Cost Models
    • Nakamura, E., and J. Steinsson, "Five Facts about Prices: A Reevaluation of Menu Cost Models," Quarterly Journal of Economics 123 (2008), 1415-1464.
    • (2008) Quarterly Journal of Economics , vol.123 , pp. 1415-1464
    • Nakamura, E.1    Steinsson, J.2
  • 49
    • 0040437341 scopus 로고    scopus 로고
    • Fiscal Policy in Good Times and Bad
    • Perotti, R., "Fiscal Policy in Good Times and Bad," Quarterly Journal of Economics 114 (1999), 1399-1436.
    • (1999) Quarterly Journal of Economics , vol.114 , pp. 1399-1436
    • Perotti, R.1
  • 50
    • 80051606153 scopus 로고    scopus 로고
    • Estimating the Effects of Fiscal Policy in OECD Countries
    • Perotti, R., "Estimating the Effects of Fiscal Policy in OECD Countries," mimeograph (2004).
    • (2004) mimeograph
    • Perotti, R.1
  • 51
    • 79953676645 scopus 로고    scopus 로고
    • Identifying Government Spending Shocks: It's All in the Timing
    • Ramey, V. A., "Identifying Government Spending Shocks: It's All in the Timing," Quarterly Journal of Economics 126 (2011), 1-50.
    • (2011) Quarterly Journal of Economics , vol.126 , pp. 1-50
    • Ramey, V.A.1
  • 53
    • 45849085676 scopus 로고    scopus 로고
    • Explaining the Effects of Government Spending on Consumption and the Real Exchange Rate
    • NBER working paper no. 13328
    • Ravn, M. O., S. Schmitt-Grohé, and M. Uribe, "Explaining the Effects of Government Spending on Consumption and the Real Exchange Rate," NBER working paper no. 13328 (2007).
    • (2007)
    • Ravn, M.O.1    Schmitt-Grohé, S.2    Uribe, M.3
  • 54
    • 0031206163 scopus 로고    scopus 로고
    • Fiscal Crisis and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?
    • Sutherland, A., "Fiscal Crisis and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?" Journal of Public Economics 65 (1997), 147-162.
    • (1997) Journal of Public Economics , vol.65 , pp. 147-162
    • Sutherland, A.1
  • 55
    • 14644422669 scopus 로고    scopus 로고
    • Incomplete Pass-Through and the welfare Effects of Exchange Rate Variability
    • Sutherland, A., "Incomplete Pass-Through and the welfare Effects of Exchange Rate Variability," Journal of International Economics 65 (2005), 375-399.
    • (2005) Journal of International Economics , vol.65 , pp. 375-399
    • Sutherland, A.1
  • 56
    • 0003430471 scopus 로고    scopus 로고
    • (Princeton, NJ: Princeton University Press)
    • Woodford, M., Interest and Prices (Princeton, NJ: Princeton University Press, 2003).
    • (2003) Interest and Prices
    • Woodford, M.1
  • 57
    • 79958135412 scopus 로고    scopus 로고
    • Simple Analytics of the Government Expenditure Multiplier
    • Woodford, M., "Simple Analytics of the Government Expenditure Multiplier," American Economic Journal: Macroeconomics 3 (2011), 1-35.
    • (2011) American Economic Journal: Macroeconomics , vol.3 , pp. 1-35
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.