EconStor >
Eidgenössische Technische Hochschule (ETH) Zürich >
KOF Konjunkturforschungsstelle, ETH Zürich >
KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/50813
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorHartwig, Jochenen_US
dc.date.accessioned2011-11-01T13:36:31Z-
dc.date.available2011-11-01T13:36:31Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/50813-
dc.description.abstractMacroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal Lucas critique levelled against them, these models are still widely used, especially within policy-making institutions such as, e.g., central banks. In this paper, a model constructed by the author for the Swiss economy is used to explain, and to quantify the impact of fiscal, monetary, wage and social policies on the functional and personal distribution of income on the one hand, and on the four main objectives of contemporary economic policy on the other. These are: a high GDP growth, low inflation and unemployment, and a low or zero public deficit (the latter replacing the original fourth objective codified, e.g., in the German Stability Act of 1967, which was external balance). Our approach will enable us to answer questions like: Which income group suffers most from a hike in the short term interest rate?, Should a large public spending project better be financed by increasing the VAT rate or the income tax rate?, and How much could the aggregate social security contribution rate be lowered if the formula used for calculating the alignment of retirement pensions was changed?en_US
dc.language.isogeren_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesArbeitspapiere // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 90en_US
dc.subject.jelC51en_US
dc.subject.jelC53en_US
dc.subject.jelE17en_US
dc.subject.jelE52en_US
dc.subject.jelE61en_US
dc.subject.jelE62en_US
dc.subject.jelE63en_US
dc.subject.jelE64en_US
dc.subject.jelE65en_US
dc.subject.ddc330en_US
dc.subject.keywordIncome distributionen_US
dc.subject.keywordmagic squareen_US
dc.subject.keywordmacroeconometric modelen_US
dc.subject.keywordpolicy simulationen_US
dc.subject.keywordSwitzerlanden_US
dc.subject.stwWirtschaftspolitisches Zielen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwÖkonometrisches Makromodellen_US
dc.subject.stwSimulationen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwSozialpolitiken_US
dc.subject.stwSchweizen_US
dc.titleQuantitative Analyse der Auswirkungen wirtschaftspolitischer Massnahmen auf die Einkommensverteilung und das neue magische Viereck in der Schweizen_US
dc.typeWorking Paperen_US
dc.identifier.ppn394278836en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

Files in This Item:
File Description SizeFormat
394278836.pdf389.67 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.