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
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
Library ID: AC13738152
Organisation: E017 - Continuing Education Center 
Publication Type: Thesis
Appears in Collections:Thesis

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