Dynamics of Fiscal Financing in the United States
By Eric M. Leeper, Michael D. Plante, Nora Traum. 2009
355 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/a4d9687c8ea349995b5e42d211843e78637b4da5
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
- Eric M. Leeper
- Todd B. Walker
- Shu-Chun S. Yang
- V. Ramey
- Aart C. Kraay
- Carlo A. Favero
- Francesco Giavazzi
- Francesco Bianchi
Citations in the corpus
- Fiscal policy and the Great Recession in the Euro Area (2012, neutral): “In particular, it takes time until a budgeted government investment project (e.g. infrastructure) is implemented and contributes to the public capital stock.”
- Monetary Science, Fiscal Alchemy ∗ (2010, positive): “Leeper et al. (2010) fit post-war U.S. time series to a conventional neo-classical growth model, extended to include substantial fiscal detail: government purchases and transfers and proportional taxes levied against capital and labor income and against consumption expenditures.”
- Fiscal Stimulus with Spending Reversals (2009, neutral): “1 A recent exception is Leeper, Plante, and Traum (2010), who estimate a DSGE model allowing various fiscal instruments to adjust in response to government debt.”
- Government Investment and Fiscal Stimulus (2010, positive): “Generally speaking, the financing speed is important not only for the short-run effects of government investment but also for the effectiveness of all countercyclical fiscal measures, as Leeper et al. (2010) show for other fiscal instruments.”
- Fiscal policy during a pandemic (2020, neutral): “The adjustment rule is standard (Leeper et al., 2010): T s t = [ B t−1 B̄g ]φτ − 1 where φτ controls the speed of adjustment.”
- Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy? (2017, neutral): “ΩrI,t = Et [( βI λI,t+1 λI,t ) 1− Im,t+1τn + (1− Φ) (1− κ) ΩrI,t+1 πt+1 ] , (32)”
- Policy Risk and the Business Cycle (2014, neutral): “Our approach to calculate average tax rates closely follows Mendoza et al. (1994), Jones (2002), and Leeper et al. (2010).”
- Fiscal Policies and Asset Prices (2012, neutral): “As shown in Leeper, Plante, and Traum (2010), there are several ways to specify tax smoothing behavior.”