Dupor, Bill and Rodrigo Guerrero, 2016. "Local and Aggregate Fiscal Policy Multipliers," Federal Reserve Bank of St. Louis Working Paper 2016-4.Dupor, B., and R. Guerrero (2017): "Local and Aggregate Fiscal Policy Multipliers," Jour- nal of Monetary Economics, 92, 16 - 30....
(1) defines household consumption and aggregate abatement is At=∑T=0t∑k=1N∑j=1HT,kaT,k,j(τT,k) with at,k,j(τt,k) defined by Eq. (2). The parameter ρ is the pure time preference rate. National redistributional policy determines inequality between households in each country. ...
New Mexico’s program has no minimum QRE and a maximum benefit of $50,000. Iowa’s and Louisiana’s preservation credits also have minimum expenditure requirements for eligibility. Iowa and Louisiana cap their annual aggregate preservation tax credits at $45 million and $125 million, respectively...
The literature on sub-national fiscal policy can broadly be divided into two categories: the first looks at the determinants of the distribution of transfers from the central government to local governments; the second investigates their effects on fiscal policy decisions at the local level. In the...
Dupor, Bill, "Local and Aggregate Fiscal Policy Multipliers," Federal Reserve Bank of St. Louis Working Paper, 2016, 2016-004. and M. Saif Mehkari, "Schools and Stimulus," Working Paper, 2015. and , "The 2009 Recovery Act: Stimulus at the Extensive and Intensive Labor Margins," ...
Guerrero (2017): "Local and Aggregate Fiscal Policy Multipliers," Jour- nal of Monetary Economics, 92, 16 - 30.Dupor, B. and R. Guerrero (2017). Local and aggregate fiscal policy multipliers. Journal of Monetary Economics 92, 16-30....