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Fève, Patrick
, Kass-Hanna, Tannous and Pietrunti, Mario
(2016)
An Analytical Characterization of Noisy Fiscal Policy.
Economics Letters, vol. 148.
pp. 76-79.
This is the latest version of this item.
Official URL : http://tse-fr.eu/pub/31005
Identification Number : 10.1016/j.econlet.2016.09.013
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: | Article |
|---|---|
| Language: | English |
| Date: | November 2016 |
| Refereed: | Yes |
| 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) |
| Site: | UT1 |
| Date Deposited: | 28 Sep 2016 07:38 |
| Last Modified: | 02 Apr 2021 15:54 |
| OAI Identifier: | oai:tse-fr.eu:31005 |
| URI: | https://publications.ut-capitole.fr/id/eprint/22394 |
Available Versions of this Item
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An Analytical Characterization of Noisy Fiscal Policy. (deposited 21 Sep 2016 07:25)
- An Analytical Characterization of Noisy Fiscal Policy. (deposited 28 Sep 2016 07:38) [Currently Displayed]
