Now showing items 1-2 of 2

    • Fiscal Policy in an Unemployment Crisis 

      Rendahl, Pontus (Faculty of Economics, 2012-02-28)
      This paper argues that the effectiveness of fiscal policy may increase markedly during periods of low nominal interest rates and high, persistent, unemployment. An increase in government spending boosts economic activity ...
    • Inequality Constraints and Euler Equation Based Solution Methods 

      Rendahl, Pontus (Faculty of Economics, 2013-05-30)
      Solving dynamic models with inequality constraints poses a challenging problem for two major reasons: dynamic programming techniques are reliable but often slow, while Euler equation based methods are fast but have ...