Title:

Fiscal Stimulus with Imperfect Expectations: Spending vs. Tax Policy

Authors:

Riccardo Bianchi-Vimercati (PIMCO)
Martin Eichenbaum (Northwestern U, NBER)
João Guerreiro (UCLA)

Journal:

Journal of Economic Theory

Year:

2024

Volume:

217

JEL codes:

D84 - Expectations; Speculations
E1 - General Aggregative Models
E43 - Determination of Interest Rates; Term Structure of Interest Rates
E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook
H2 - Taxation, Subsidies, and Revenue

DOI:

10.1016/j.jet.2024.105814