Parcourir Faculté des arts et des sciences – Département de sciences économiques par sujet "E3"

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  • The Effect of Public Spending on Consumption: Reconciling Theory and Evidence 

    Ambler, Steve; Bouakez, Hafedh; Cardia, Emanuela (Université de Montréal. Département de sciences économiques., 2008-09)
    Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks increase (crowd in) private consumption. Standard general equilibrium models predict the opposite. We show that a standard real business cycle (RBC) model ...

  • Sectoral Price Rigidity and Aggregate Dynamics 

    Bouakez, Hafedh; Cardia, Emanuela; Ruge-Murcia, Francisco (Université de Montréal. Département de sciences économiques., 2009-02)
    In this paper, we study the macroeconomic implications of sectoral heterogeneity and, in particular, heterogeneity in price setting, through the lens of a highly disaggregated multi-sector model. The model incorporates several realistic features and ...