fiscal and monetary policy

Publication date: 1 Feb 2018 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Chadha, J S | External authors: Corrado, G, Corrado, L | JEL classification: E31, E40, E51 | NIESR discussion paper number: 486
We decompose aggregate consumption of heterogeneous consumers by modelling both savers and their links to collateral constrained borrowers through a bank which prices credit risk. Savers own both firms and the commercial bank while borrowers require loans from the commercial bank to effect their...
Publication date: 5 Aug 2015 | Publication type: National Institute Economic Review | Theme: Exiting the EU & Britain after Brexit | Authors: Armstrong, A, Ebell, M | JEL classification: E42, E58, E61, E63, H77 | Journal: National Institute Economic Review No. 233 | Publisher: Sage Publications, London
Abstract: The Smith Commission has proposed a set of reforms aimed at extending Scotland’s control of its revenues to 46 per cent and spending to 55 per cent and extending the legislative reach of the Scottish parliament. In reaction, the Conservative government has announced plans to implement...