Mr. Ricardo's great adventure : estimating fiscal multipliers in a truly intertemporal model

Mr. Ricardo's great adventure : estimating fiscal multipliers in a truly intertemporal model / prepared by Tamim Bayoumi and Silvia Sgherri.

We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of aroun...

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Bibliographic Details
Main Authors: Bayoumi, Tamim A. (Author), Sgherri, Silvia (Author)
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series:IMF working paper ; WP/06/168.
Subjects:
Fiscal policy.
Multiplier (Economics)
Fiscal policy > United States > Econometric models.
Discount > United States > Econometric models.
Taxation > United States > Econometric models.
Taxation > Econometric models
Fiscal policy > Econometric models
Discount > Econometric models
Fiscal policy
United States
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