Browsing by Subject "Fiscal policy"

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The Domino Effect of Federal Research Funding

Unknown author (2015-10-08)

Scholarship on research and development (R&D) funding has focused primarily on the relationship between Federal and Industry or, more comprehensively, non-Federal funding without disentangling the various sources of ...
Essays in Regime Switching Policy and Adaptive Learning in Dynamic Stochastic General Equilibrium

McClung, Nigel (University of Oregon, 2018-09-06)

This dissertation studies monetary-fiscal policy interactions and adaptive learning applications in regime-switching DSGE models. A common thread through my research is understanding how policymakers may be affected by the ...
Expectations, Deflation Traps and Macroeconomic Policy

Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept of Economics, 2009-07-06)

We examine global economic dynamics under infinite-horizon learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. As in Evans, Guse and Honkapohja (2008), we find that under ...
Liquidity Traps, Learning and Stagnation

Evans, George W., 1949-; Guse, Eran A. (Eran Alan), 1975-; Honkapohja, Seppo, 1951- (University of Oregon, Dept of Economics, 2007-06-05)

We examine global economic dynamics under learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. Under normal monetary and fiscal policy, the intended steady state is locally ...
On Asymmetric Business Cycles and the Effectiveness of Counter-Cyclical Fiscal Policies

Magud, Nicolas (University of Oregon, Dept of Economics, 2005-05)

In the presence of informational frictions and uncertainty, an investment model is developed to capture the asymmetric dynamics of business cycles. When affected by a negative shock, the economy responds differently than ...
Policy Interaction, Learning and the Fiscal Theory of Prices

Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-08-03)

We investigate both the rational explosive inflation paths studied by (McCallum 2001), and the classification of fiscal and monetary polices proposed by (Leeper 1991), for stability under learning of the rational expectations ...
Population Aging, Foreign Direct Investment, and Tax Competition

Davies, Ronald B.; Reed, Robert R. (Robert Ray), 1970- (University of Oregon, Dept of Economics, 2006-05-25)

This paper studies the role of population aging for foreign direct investment and the strategic taxation of capital. Importantly, our theoretical model suggests that the labor market implications of aging differ from the ...
Stagnation Regime of the New Keynesian Model and Current US Policy

Evans, George W., 1949- (University of Oregon, Dept of Economics, 2010-10-30)

In Evans, Guse, and Honkapohja (2008) the intended steady state is locally but not globally stable under adaptive learning, and unstable deflationary paths can arise after large pessimistic shocks to expectations. In ...