当前位置: X-MOL 学术The B.E. Journal of Macroeconomics › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
The Government in SNA-Compliant DSGE Models
The B.E. Journal of Macroeconomics ( IF 0.233 ) Pub Date : 2021-06-23 , DOI: 10.1515/bejm-2020-0120
Gonzalo F. de-Córdoba 1 , Benedetto Molinari 2 , José L. Torres 3
Affiliation  

Abstract The government size in developed economies expanded remarkably after the Second World War. This growth shaped the role of the government as a key player in the economic activity and the aggregate dynamics of a country. However, the way in which the government is represented in DSGE models is often reductive, containing homogeneous public spending and a few distortionary taxes without clear counterparts in fiscal data. This paper shows how dynamic general equilibrium models can incorporate a detailed government sector as defined in the System of National Accounts (SNA). This government features six types of public expenditures (i.e. the government’s intermediate consumption, public wage bill, debt service, public investment, and transfers to households both in-kind and other-than-in-kind), and five distortionary taxes (i.e. consumption tax, capital and labor income taxes, corporate tax and social contributions).

中文翻译:

符合 SNA 的 DSGE 模型中的政府

摘要 二战后发达经济体的政府规模显着扩大。这种增长塑造了政府作为经济活动和国家整体动态的关键角色的角色。然而,政府在 DSGE 模型中的表现方式通常是简化的,包含同质的公共支出和一些扭曲的税收,而财政数据中没有明确的对应物。本文展示了动态一般均衡模型如何纳入国民账户体系 (SNA) 中定义的详细政府部门。这个政府有六种公共支出(即政府的中间消费、公共工资、偿债、公共投资以及对家庭的实物和非实物转移)和五种扭曲税(即
更新日期:2021-06-23
down
wechat
bug