| Title: | Fiscal policy in the presence of an illiquid asset and household heterogeneity | Language: | English | Authors: | Rácz, Zoltán | Qualification level: | Diploma | Keywords: | heterogeneous agents; fiscal policy; macroeconomics | Advisor: | Reiter, Michael | Issue Date: | 2017 | Number of Pages: | 30 | Qualification level: | Diploma | Abstract: | The effect of fiscal policy greatly depends on how households react to different income shocks. In this paper, utilizing the model of Violante et al. (2015), I investigate the effects of several fiscal policy measures in the presence of heterogeneity among households who save in two kinds of assets, including an illiquid asset subject to adjustment costs. |
URI: | https://resolver.obvsg.at/urn:nbn:at:at-ubtuw:1-100795 http://hdl.handle.net/20.500.12708/6840 |
Library ID: | AC13738152 | Organisation: | E017 - Continuing Education Center | Publication Type: | Thesis Hochschulschrift |
| Appears in Collections: | Thesis |
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| Racz Zoltan - 2017 - Fiscal policy in the presence of an illiquid asset and...pdf | 797.51 kB | Adobe PDF |  View/Open |
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