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Downward nominal wage rigidity and state-dependent government spending multipliers
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References

  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 1975MONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY7,391 cited
  • 2002An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output2,924 cited
  • 1988Production, growth and business cycles2,193 cited
  • 1986Investment, Capacity Utilization and the Real Business Cycle2,127 cited
  • 1991Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies2,069 cited
  • 2007Understanding the Effects of Government Spending on Consumption1,923 cited
  • 2012Measuring the Output Responses to Fiscal Policy1,915 cited
  • 1999An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output1,891 cited
  • 2011When Is the Government Spending Multiplier Large?1,839 cited
  • 2017Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data1,435 cited
  • 2010How Big (Small?) are Fiscal Multipliers?1,397 cited
  • 2015Fiscal Volatility Shocks and Economic Activity942 cited
  • 2013Fiscal Multipliers in Recession and Expansion815 cited
  • 2001The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence

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601 cited
  • 2012What's News in Business Cycles563 cited
  • Cited by

    • 2023Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate27 cited
    • 2022State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations27 cited
    • 2019Taking off into the Wind: Unemployment Risk and State-Dependent Government Spending Multipliers26 cited
    • 2023State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters24 cited
    • 2022Fiscal Multipliers During Pandemics23 cited
    • 2020State-dependent fiscal multipliers in NORA - A DSGE model for fiscal policy analysis in Norway16 cited