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dc.contributor.authorKrajewski, Piotr
dc.description.abstractWe analyse the effects of fiscal policy in non-EMU Central and Eastern European counties. The analysis is based on new Keynesian model, which takes into account both optimizing Ricardian households and non-Ricardian households with liquidity constraints. Results of the study indicate that the share of non-Ricardians has significant impact on fiscal multipliers. The government spending multiplier reaches 3 in the country with highest share of non- Ricardian households, whereas in the country with lowest share of non-Ricardians is lower than one. Also effects of government spending shocks on consumption are very sensitive to the share of households with liquidity constraints.pl_PL
dc.description.sponsorshipNational Science Centre, Poland (within research project DEC-2014/15/B/HS4/01996).pl_PL
dc.publisherFaculty of Economics and Sociology of the University of Lodzpl_PL
dc.relation.ispartofseriesLodz Economics Working Papers;2/2016
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska*
dc.subjectfiscal policypl_PL
dc.subjectgovernment spendingpl_PL
dc.subjectnew Keynesian modelpl_PL
dc.subjectheterogeneity of householdspl_PL
dc.subjectnon-Ricardian householdspl_PL
dc.titleHeterogeneity of households and the effects of fiscal policy in CEE countriespl_PL
dc.contributor.authorAffiliationFaculty of Economics and Sociology, University of Lodzpl_PL
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Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska
Except where otherwise noted, this item's license is described as Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska