Asset Liquidity and Fiscal Consolidation Programs
We argue that the relationship between wealth inequality and fiscal multipliers depends crucially on the type of fiscal experiment used, and on the measure of wealth distribution. We calibrate an overlapping generations model with incomplete markets for different European economies and use Household...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Coimbra University Press
2020-12-01
|
| Series: | Notas Económicas |
| Subjects: | |
| Online Access: | https://impactum-journals.uc.pt/notaseconomicas/article/view/9215 |