 | Fiscal Consolidation and Public Wages Author/Editor: Juin-Jen Chang, Hsieh-Yu Lin, Nora Traum, Shu-Chun Susan Yang. Release Date:June, 2019 A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that more...
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| Monetary and Fiscal Policy Interactions in the Post-war U.S Author/Editor: Susan S Yang, Nora Traum. Release Date:November, 2010 A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy (PMAF) regime is fit to various U.S. samples from 1955 to more...
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