Sarah Zubairy

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Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?

Staff Working Paper 2014-58 Sami Alpanda, Sarah Zubairy
In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness.

Housing and Tax Policy

Staff Working Paper 2013-33 Sami Alpanda, Sarah Zubairy
In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a dynamic general-equilibrium model.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Fiscal Policy, Housing JEL Code(s): E, E6, E62, H, H2, H24, R, R3, R38

On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model

Staff 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.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Fiscal Policy JEL Code(s): C, C1, C11, E, E3, E32, E6, E62, H, H3, H30

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