The distributional implications of business cycles and fiscal policy
| dc.contributor.advisor | Linnemann, Ludger | |
| dc.contributor.author | Krause, Christopher | |
| dc.contributor.referee | Winkler, Roland | |
| dc.date.accepted | 2019-02-11 | |
| dc.date.accessioned | 2019-02-19T10:03:15Z | |
| dc.date.available | 2019-02-19T10:03:15Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | This thesis presents three self-contained essays that emphasize the relevance of household heterogeneity and distributional implications in the analysis of business cycle dynamics and fiscal policy. In Chapter 2, I investigate the impact of redistributive taxation on private borrowing constraints and the cross-sectional distributions of consumption and income. I show that tax policy can have a substantial effect on households’ access to private credit markets in the sense that borrowing constraints become tighter when redistribution is increased. Chapter 3 studies the role of household heterogeneity in the transmission of government expenditure shocks and provides a mechanism that naturally generates state-dependent fiscal multipliers. In Chapter 4, I demonstrate that interpersonal comparison is an important driver of short-run credit movements. | eng |
| dc.identifier.uri | http://hdl.handle.net/2003/37923 | |
| dc.identifier.uri | http://dx.doi.org/10.17877/DE290R-19909 | |
| dc.language.iso | en | de |
| dc.subject | fiscal policy | en |
| dc.subject | business cycles | en |
| dc.subject | incomplete markets | en |
| dc.subject | heterogeneous agents | en |
| dc.subject | private debt | en |
| dc.subject.ddc | 330 | |
| dc.subject.rswk | Steuerpolitik | de |
| dc.subject.rswk | Fiskalpolitik | de |
| dc.title | The distributional implications of business cycles and fiscal policy | en |
| dc.type | Text | en |
| dc.type.publicationtype | doctoralThesis | de |
| dcterms.accessRights | open access | |
| eldorado.secondarypublication | false | de |