 | The Welfare Multiplier of Public Infrastructure Investment Author/Editor: Giovanni Ganelli, Juha Tervala. Release Date:February, 2016 We analyze the welfare multipliers of public spending (the consumption equivalent change in
 welfare for one dollar change in public spending) in a DSGE model. The welfare more...
| Price: $18.00
|
| Value of WTO Trade Agreements in a New Keynesian Model Author/Editor: Giovanni Ganelli, Juha Tervala. Release Date:February, 2015 We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the traditional trade policy point of view. We show that in a New Keynesian model, more...
| Price: $18.00
|
| Fiscal Devaluation in a Monetary Union Author/Editor: Philipp Engler, Giovanni Ganelli, Juha Tervala, Simon Voigts. Release Date:October, 2014 Using a DSGE model calibrated to the euro area, we analyze the international effects of afiscal devaluation (FD) implemented as a revenue-neutral shift from employer's socialcontributions to the more...
| Price: $18.00
|
 | Tariff-Tax Reforms in Large Economies Author/Editor: Giovanni Ganelli, Juha Tervala. Release Date:May, 2012 This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that more...
| Price: $18.00
|
| Tax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies Author/Editor: Juha Tervala, Giovanni Ganelli. Release Date:September, 2008 This paper focuses on the macroeconomic and budgetary impact of tax reforms in a New Keynesian two-country model. Our results show that both income and consumption unilateral tax rate reductions do more...
| Price: $18.00
|
| Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model Author/Editor: Giovanni Ganelli, Juha Tervala. Release Date:March, 2007 This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public more...
| Price: $18.00
|
|
Help