A Goldilocks Theory of Fiscal Policy by Mian
A Goldilocks Theory of Fiscal Deficits - Harvard University
“The savers-spenders theory of fiscal policy.” American Economic review, 90 ... This is the period with a consistent public tax return data, where Mian, Straub ...
A Goldilocks Theory of Fiscal Deficits | NBER
This paper proposes a tractable framework to analyze fiscal space and the dynamics of government debt, with a possibly binding zero lower bound (ZLB) ...
A Goldilocks Theory of Fiscal Policy by Mian, Straub and Sufi. Alberto Martin. CREI, UPF and Barcelona GSE. November 4, 2021. Martin (CREI, UPF and ...
A Goldilocks Theory of Fiscal Policy - IDEAS/RePEc
Fiscal policy in advanced economies faces a "Goldilocks dilemma": Fiscal consolidation risks prolonged episodes at the zero lower bound (ZLB), while fiscal ...
A Goldilocks Theory of Fiscal Deficits | Ludwig Straub
Atif Mian, Ludwig Straub, and Amir Sufi. Working Paper. “A ... policy we call “free lunch”. With the ZLB, the relationship between ...
“The savers-spenders theory of fiscal policy.” American Economic review, 90 ... Mian, Atif, Ludwig Straub, and Amir Sufi. 2020. “The Saving Glut of the ...
[PDF] A Goldilocks Theory of Fiscal Policy∗ | Semantic Scholar
When an economy is close to the zero lower bound on nominal interest rates, governments face a trade-off: excessively conservative fiscal policy risks ...
A Goldilocks Theory of Fiscal Deficits - Search eLibrary :: SSRN
A rise in income inequality expands fiscal space outside the ZLB, but contracts it at the ZLB. Calibrating the model, we find little space for “ ...
A Goldilocks Theory of Fiscal Policy - EconPapers - RePEc
Working Papers from Princeton University. Economics Department. Abstract: Fiscal policy in advanced economies faces a "Goldilocks dilemma": Fiscal consolidation ...
A Goldilocks Theory of Fiscal Policy
The model adds two main features to an otherwise standard de- terministic representative-agent economy. First, it introduces a preference for government debt.
A Goldilocks Theory of Fiscal Deficits - Equitable Growth
What explains the decline in r*? Rising income inequality versus demographic shifts. By Atif Mian, Ludwig Straub, Amir Sufi,. January 7, 2022.
A Goldilocks Theory of Fiscal Deficits | BFI - Becker Friedman Institute
Interest rates among advanced economies have fallen precipitously in recent years, following a decades-long trend, and fueling fears of ...
“A Goldilocks Theory of Fiscal Deficits” by Mian, Straub, & Sufi
Policy Specifications. ▷ Fiscal policy: zt = Z(bt), with Z′(bt) < 0. ▷ a form of “passive” FP: reduce primary deficits when debt-GDP rises in all states of ...
A Goldilocks Theory of Fiscal Deficits - Bendheim Center for Finance
A rise in income inequality expands fiscal space outside the ZLB, but contracts it at the ZLB. Calibrating the model, we find little space for “free lunch” ...
A Goldilocks Theory of Fiscal Deficits | Request PDF - ResearchGate
As noted in Blanchard [7] and Mian et al. [26] , the fiscal sustainability condition is changed in this case. If the fiscal rules change, the economic growth ...
A Goldilocks Theory of Fiscal Deficits | BFI - Becker Friedman Institute
This paper proposes a tractable framework to analyze fiscal space and the dynamics of government debt, with a possibly binding zero lower bound (ZLB) ...
A Goldilocks Theory of Fiscal Deficits | Request PDF - ResearchGate
... ... Building on this work, Mian, Straub, and Sufi (2022) , study how the restrictions from the ELB on monetary policy interacts with fiscal policy. Similar to ...
A Goldilocks Theory of Fiscal Deficits - Policy Commons
Authors: Atif Mian, Princeton UniversityLudwig Straub, Harvard UniversityAmir Sufi, University of Chicago Abstract: This paper proposes a ...
A Goldilocks Theory of Fiscal Policy - Edward Conard
The US can sustain a maximum government debt to GDP ratio of 220% within a "Goldilocks zone," where interest rates (R) remain below growth rates (G), allowing ...
Ludwig Straub - Google Scholar
... Monetary Policy - Fiscal Policy ... A Goldilocks Theory of Fiscal Deficits. A Mian, L Straub, A Sufi. 99*, 2021.