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Fève, Patrick
, Kass-Hanna, Tannous and Pietrunti, Mario
(2016)
An Analytical Characterization of Noisy Fiscal Policy.
TSE Working Paper, n. 16-696
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Official URL : http://tse-fr.eu/pub/30839
Abstract
This paper provides an analytical characterization of the effects of noisy news shocks on fiscal policy. We consider a small-scale Dynamic Stochastic General Equilibrium (DSGE) model with capital accumulation and endogenous labor supply and show that noise dampens the propagation of anticipated fiscal policy over the business cycle, thus reducing the fiscal multiplier.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | September 2016 |
| Uncontrolled Keywords: | Government spending shocks, Expected shocks, Noisy Information, DSGE Models |
| JEL Classification: | C32 - Time-Series Models E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Universite Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 21 Sep 2016 07:25 |
| Last Modified: | 02 Apr 2021 15:54 |
| OAI Identifier: | oai:tse-fr.eu:30839 |
| URI: | https://publications.ut-capitole.fr/id/eprint/22373 |
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