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Full-Text Articles in Economic Theory
The Size Of The Multiplier: Comparing Alternate Views After The Great Recession, Daniel Focht
The Size Of The Multiplier: Comparing Alternate Views After The Great Recession, Daniel Focht
Electronic Theses and Dissertations
This thesis reviews the major theoretical frameworks and their outlook on the government spending, its effectiveness, the implied size of the multiplier and how they differed in empirical studies. This is followed by an estimation of the government multiplier for the major U.S. fiscal policy, namely the American Recovery and Reinvestment Act (ARRA), after the Great Recession of 2007-2009. Own estimation of the size of the multiplier is presented using a standard SVAR model based on New Keynesian approach for time period between 2009 and 2018. In addition, following the classical economic theory, the multiplier is recalculated in the absence …
An Analysis Of The Appreciation Of The Chinese Currency And Influences On China's Economy, Lina Ma
An Analysis Of The Appreciation Of The Chinese Currency And Influences On China's Economy, Lina Ma
Electronic Theses and Dissertations
In recent years, China's economy development has had more and more impact on the global economy. The Chinese currency continued to appreciate since 2005, which has had both positive and negative results on Chinese's economy. The Chinese government uses the monetary policy to control the inflation pressure, which could work counter to Chinese exchange rate policy. RMB appreciation also has some effects on the Chinese banking system. Through the Global Trade Analysis Project (GTAP), a global computable general equilibrium model, we analyze how, when there is RMB appreciation, the Chinese exports and imports, and Chinese employment and income inequality react. …