The effect of fiscal policy on social welfare due to government spending shocks, monetary and productivity

Composition of Government Spending, Optimal Fiscal Policy, and Endogenous Growth in the Economy of Iran

This paper investigates the optimal fiscal policy, pertaining to government spending, considering different productivity of public services in production function and its impact on the optimal tax rate, the optimal rate of government spending, and optimal economic growth rate. Using the VECM model for Iranian economy over 48 years, results show while the current expenditure has a positive and s...

Welfare to Vote: The Effect of Government Spending on Turnout

Welfare Improving Coordination of Fiscal and Monetary Policy

The paper considers a simple model in which monetary and …scal policies are formally independent, but still interdependent through spillovers of macroeconomic outcomes. It shows that the average equilibrium levels of in‡ation, de…cit, debt, and output depend on the two policies’ (i) potency (elasticity of output with respect to the policy instruments); (ii) ambition (the level of their output t...

Government Debt and Optimal Monetary and Fiscal Policy

How do di¤erent levels of government debt a¤ect the optimal conduct of monetary and …scal policies? And what do these optimal policies imply for the evolution of government debt over time? To provide an answer, this paper studies a standard monetary policy model with nominal rigidities and monopolistic competition and adds to it a …scal authority that issues nominal non-state contingent debt, l...

the effect of explicit teaching of metacognitive vocabulary learning strategies on recall and retention of idioms

چکیده ندارد.

The Impact of Social damages on the Effectiveness of Fiscal and Monetary Policies: The DSGE Approach

 The purpose of this study is to investigate the effect of social damages (divorce, crime and addiction) on the effectiveness of fiscal and monetary policies. To achieve this, the literature on endogenous growth models has been used and the relationships of economic agents have been explained in the form of a dynamic stochastic general equilibrium model. In the designed DSGE model, labor produc...