000 01207nab a2200229 c 4500
999 _c147951
_d147951
003 ES-MaIEF
005 20230727110842.0
007 ta
008 230727t2023 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
245 0 _aQuantifying the inflationary impact of fiscal stimulus under supply constraints
_c by Julian di Giovanni, Sebnem Kalemli-Özcan, Alvaro Silva and Muhammed A. Yildirim
504 _aBibliografía.
520 _aThis paper builds on Baqaee and Farhi (2022) and di Giovanni et al. (2022) to quantify the contribution of fiscal policy on US inflation over the December 2019 to June 2022 period. Model calibrations show that aggregate demand shocks explain roughly two-thirds of total model-based inflation and that the fiscal stimulus contributed half or more of the total aggregate demand effect.
650 _aPOLITICA FISCAL
_948067
650 _aINFLACION
_946815
650 _aCONSUMO
_940658
650 _aRIQUEZA
_944024
650 _aMODELOS ECONOMETRICOS
_947776
700 _970869
_aGiovanni, Julian di
773 0 _9169901
_oOP 234/2023/5(Congreso an
_tThe American Economic Review
_w(IEF)103372
_x 0002-8282
_g v. 113, May 2023, p. 76-80
942 _cART