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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27486 |
来源ID | Working Paper 27486 |
MPCs, MPEs and Multipliers: A Trilemma for New Keynesian Models | |
Adrien Auclert; Bence Bardóczy; Matthew Rognlie | |
发表日期 | 2020-07-06 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We show that New Keynesian models with frictionless labor supply face a challenge: given standard parameters, they cannot simultaneously match plausible estimates of marginal propensities to consume (MPCs), marginal propensities to earn (MPEs), and fiscal multipliers. A HANK model with sticky wages provides a solution to this trilemma. |
主题 | Microeconomics ; General Equilibrium ; Macroeconomics ; Monetary Policy ; Fiscal Policy ; Public Economics ; Taxation |
URL | https://www.nber.org/papers/w27486 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585158 |
推荐引用方式 GB/T 7714 | Adrien Auclert,Bence Bardóczy,Matthew Rognlie. MPCs, MPEs and Multipliers: A Trilemma for New Keynesian Models. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27486.pdf(470KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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