MIT Dept. of Economics Working Papers Series: Recent submissions

Now showing items 46-48 of 1293

    • Fiscal Multipliers: Liquidity Traps and Currency Unions 

      Farhi, Emmanuel; Werning, Iván (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-08-31)
      We provide explicit solutions for government spending multipliers during a liquidity trap and within a fixed exchange regime using standard closed and open-economy models. We confirm the potential for large multipliers ...

    • Is There An Energy Efficiency Gap? 

      Allcott, Hunt; Greenstone, Michael (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-01-17)
      Many analysts have argued that energy efficiency investments offer an enormous “win-win” opportunity to both reduce negative externalities and save money. This overview paper presents a simple model of investment in ...

    • Capital Income Taxes with Heterogenous Discount Rates 

      Diamond, Peter A.; Sinnewijn, Johannes (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2009-07-14)
      With heterogeneity in both skills and preferences for the future, the Atkinson-Stiglitz result that savings should not be taxed with optimal taxation of earnings does not hold. Empirical evidence shows that on average ...