The Savers-Spenders Theory Of Fiscal Policy

By Gregory Mankiw. 2000

673 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f8419d3db7db9c25d201023aca58bf1f737c46d1

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Citations in the corpus

Fiscal policy and the Great Recession in the Euro Area (2012, positive): “We adopt the approach outlined in An and Schorfheide (2007) and Schorfheide (2000) and estimate the extended version of the NAWM employing Bayesian inference methods over the sample period from 1985Q1 to 2010Q2 (using the period 1980Q2 to 1984Q4 as training sample).”
Understanding the Effects of Government Spending on Consumption (2004, positive): “, Campbell and Mankiw (1989)) or the the fact that a significant fraction of households have near-zero net worth (e.g., Wolff (1998)). On the basis of that evidence, Mankiw (2000) calls for the introduction of rule-of-thumb households in macroeconomic models, and for an examination of the policy imp”
Rule‐of‐Thumb Consumers Meet Sticky Wages (2007, methodology): “This framework was originally developed by Mankiw (2000) to account for the empirical relationship between consumption and disposable income, which seems stronger than suggested by the permanent income hypothesis.”
Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone (2017, background): “6, while Martinez and Philippon (2014) provide a more theoretical discussion of the same framework, in particular regarding the behavior of savers.”
ASSESSING RICARDIAN EQUIVALENCE (2003, methodology): “Simple vote counting and a meta-analysis performed by Stanley (1998) provides strong empirical evidence against the proposition, and Elmendorf and Mankiw (1999), with a Salomonic judgement, maintain that the results are inconclusive.”
SIGMA: a new open economy model for policy analysis (2005, positive): “4 Our approach is similar to that of Gaĺı, López-Salido, and Vallés (2004) and Mankiw (2000). 5 The highly persistent fiscal multiplier and positive consumption response are in line with the empirical”
Optimal Taxation in Theory and Practice (2009, background): “The intuition behind this result goes back to the central problem with redistributive income taxation: it tempts individuals to work less in order to obtain a more generous tax treatment.”
A Model of the Consumption Response to Fiscal Stimulus Payments (2011, background): “Across two such adjustment dates N periods apart, consumption dynamics are dictated by u′ (cj) = ( β qa )N u′ (cj+N) .”
Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area (2005, neutral): “In the light of this observation, Mankiw (2000) has emphasized the need to build a new type of model for analyzing the effects of fiscal policy shocks.”