Fiscal Policy And the Nominal Term Premium

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10430207" target="_blank" >RIV/00216208:11230/22:10430207 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31110/22:00057768
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=_wnVvD2Pny" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=_wnVvD2Pny</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/jmcb.12858" target="_blank" >10.1111/jmcb.12858</a>

Result language
angličtina
Original language name
Fiscal Policy And the Nominal Term Premium
Original language description
We estimate a New Keynesian model on postwar U.S. data with the generalized method of moments using either constant or time-varying debt and distortionary labor income taxes. We show that accounting for government debt and distortionary taxes help the New Keynesian model match the level of the nominal term premium with a lower relative risk-aversion than typically found in the literature.
Czech name
—
Czech description
—

Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory

Project
<a href="/en/project/GA20-17044S" target="_blank" >GA20-17044S: Financial Markets Uncertainty: Measurement, Effects and Policy Implications</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)