Authors: | Krause, Christopher |
Title: | The distributional implications of business cycles and fiscal policy |
Language (ISO): | en |
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. |
Subject Headings: | fiscal policy business cycles incomplete markets heterogeneous agents private debt |
Subject Headings (RSWK): | Steuerpolitik Fiskalpolitik |
URI: | http://hdl.handle.net/2003/37923 http://dx.doi.org/10.17877/DE290R-19909 |
Issue Date: | 2019 |
Appears in Collections: | Fachgebiet Applied Economics |
Files in This Item:
File | Description | Size | Format | |
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Dissertation_CKrause.pdf | DNB | 856.02 kB | Adobe PDF | View/Open |
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