Fiscal Policy in the New Neoclassical Synthesis

By L. Linnemann, Andreas Schabert. 2003

221 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/76f0060beed38c58f867bea091351dadd5934094

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal (2011, unknown): “Analysing fiscal policy in a standard NK DSGE model generally gives similar predictions to those of a prototypical RBC model: an increase in output and a decrease in consumption; Linnemann and Schabert (2003). This is due to the negative wealth effect of a fiscal expansion resulting from the embedde”
Transmission of Government Spending Shocks in the Euro Area: Time Variation and Driving Forces (2010, unknown): “Other alternatives to structural VAR methods include an approach based on flipping non-fundamental roots using Blaschke matrices suggested by Mertens and Ravn (2009) and a DSGE model based approach suggested by Kriwoluzky (2009) who estimates a vector moving average model in order to circumvent the ”
The Stabilizing Role of Government Size (2008, unknown): “Our model is very similar to the one proposed by Andres and Domenech (2006) and Linnemann and Schabert (2003) , and also displays many features of the analysis of Gali, Lopez-Salido and Valles (2003), who attempt to provide a theoretical explanation for the observed positive response of consumption”
The general equilibrium effects of fiscal policy: Estimates for the Euro area (2007, unknown): “AEt (xt+1) = Bxt + Czt (27) Et (zt+1) = Szt (28)”
Why Does Private Consumption Rise After a Government Spending Shock (2007, unknown): “Departing from the assumption of price flexibility, Linnemann and Schabert (2003) and Galí, López-Salido, and Vallés (2003) recently examined the role of government spending in a New Keynesian framework.”
What Accounts for the Changes in U.S. Fiscal Policy Transmission? (2008, background): “These channels of transmission are at the heart of the analysis in standard business cycle models, e.g. Baxter and King (1993) and Linnemann and Schabert (2003).”
Interest rates, income distribution, and monetary policy dominance: Post Keynesians and the "fair rate" of interest (2007, background): “In fact, many economists even refer to the new consensus as the “new neoclassical synthesis” (Goodfriend and King, 1997; Linnemann and Schabert, 2003)—a telling reference to a previous attempt at combining some Keynesian insights into an otherwise conventional framework.”
What Determines Government Spending Multipliers? (2012, unknown): “Linnemann and Schabert (2003) provide an early analysis within the new Keynesian baseline model.”
In Search of the Transmission Mechanism of Fiscal Policy (2007, unknown): “…model predicts a decline in the real wage, some neo-keynesian models with price stickiness (like Galí, López-Salido and Vallés (2006) or Linnemann and Schabert (2003))26 or other reasons for countercyclical markups (like Rotemberg and Woodoford (1992) or Ravn, Schmitt-Grohé and Uribe…”
Fiscal Stimulus with Spending Reversals (2009, unknown): “Standard analyses of fiscal transmission typically assume—with little attempt at justification—that the entire burden of debt stabilization is borne by taxes, whereas government spending follows some exogenous process (see, e.g., Baxter and King, 1993, and Linnemann and Schabert, 2003).”