Topic: Fiscal Policy

1. On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model

   Working Paper 2010-30 - Sarah Zubairy

   This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model, that features a rich fiscal policy block and a transmission mechanism for government spending shocks, using Bayesian techniques for US data.

   Topics: Economic models; Fiscal Policy

2. The Power of Many: Assessing the Economic Impact of the Global Fiscal Stimulus

   Discussion Paper 2010-1 - Carlos De Resende, René Lalonde, Stephen Snudden

   The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The BoC-GEM is a microfounded dynamic stochastic general-equilibrium global model with six regions, multiple sectors, and international linkages.

   Topics: Business fluctuations and cycles; Fiscal Policy; International topics; Recent economic and financial developments