Výsledky vyhledávání - "Emanuel Gasteiger"

Automation, stagnation, and the implications of a robot tax

Autor: Klaus Prettner, Emanuel Gasteiger

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

We assess the long-run growth effects of automation in the overlapping generations framework. Although automation implies constant returns to capital and, thus, an AK production side of the economy, positive long-run growth does not emerge. The reaso

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f062ce9275ecb4717d8a94d29842f3f1

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Optimal constrained interest-rate rules under heterogeneous expectations

Autor: Emanuel Gasteiger

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

This paper examines optimal monetary policy under heterogeneous expectations. To this end, we develop a stochastic New Keynesian model with a cost-push shock and coexistence of one-step-ahead rational and adaptive expectations in decentralized market

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The government spending multiplier at the Zero Lower Bound: evidence from the United States

Autor: Matteo Fragetta, Emanuel Gasteiger, Mario Di Serio

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

We estimate state-dependent government spending multipliers for the United States. We use a factor-augmented interacted vector autoregression (FAIVAR) model. This allows us to capture the time-varying monetary policy characteristics including the rec

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8d5a63c9d95f52ebbd3f50cf3841abf7
https://hdl.handle.net/10071/21692

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Price Setting Frequency and the Phillips Curve

Autor: Alex Grimaud, Emanuel Gasteiger

Publikováno v: SSRN Electronic Journal.

We develop a New Keynesian (NK) model with endogenous price setting frequency. Whether a firm updates its price in a given period depends on an analysis of expected cost and benefits modeled by a discrete choice process. A firm decides to update the

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9bd4e590b0c190a626b8c1d63829ab65
https://doi.org/10.2139/ssrn.3630892

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The Government Spending Multiplier at the Zero Lower Bound: Evidence from the United States

Autor: DI SERIO, Mario, Fragetta, Matteo, Emanuel, Gasteiger

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od______3666::fd8792c6645eb70e17d9b2996bb28800
http://hdl.handle.net/11386/4704085

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Anticipation, learning and welfare: the case of distortionary taxation

Autor: Emanuel Gasteiger, Shoujian Zhang

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

WOS:000331503600007 (Nº de Acesso Web of Science) We study the impact of anticipated fiscal policy changes in a Ramsey economy where agents form long-horizon expectations using adaptive learning. We extend the existing framework by introducing disto

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::822077b07a0be9cac59af33de630fe07
https://doi.org/10.1016/j.jedc.2013.11.012

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Fiscal foresight, limited information and the effects of government spending shocks

Autor: Emanuel Gasteiger, Matteo Fragetta

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

WOS:000341244200003 (Nº de Acesso Web of Science) Submitted by ciencia null (ciencia@iscte.pt) on 2015-08-03T13:24:18Z No. of bitstreams: 1 publisher_version_14_OBES_fragetta_gasteiger_fiscal_foresight_limited_information_and_the_effects_of_governme

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::54ce2aa64d458a738b76c0acda5020e4
https://ciencia.iscte-iul.pt/public/pub/id/21273

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Heterogeneous Expectations, Optimal Monetary Policy, and the Merit of Policy Inertia

Autor: Emanuel Gasteiger

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

WOS:000342832000008 (Nº de Acesso Web of Science) The design and analysis of optimal monetary policy is usually guided by the paradigm of homogeneous rational expectations. Instead, we examine the dynamic consequences of design and implementation st

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d12cbe95f9a446ac8a82960f2a29fca6
http://www.st-andrews.ac.uk/~wwwecon/repecfiles/2/1308.pdf

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Do heterogeneous expectations constitute a challenge for policy interaction?

Autor: Emanuel Gasteiger

Publikováno v: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP

Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive expectations. For a c

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::cd921e0b59f4b2b532acfec204bd5d76
http://bru-unide.iscte.pt/RePEc/pdfs/13-02.pdf

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