Labour share heterogeneity and fiscal consolidation programs

We show that the labour share of income is an important factor affecting the mechanisms behind fiscal consolidation programs, thus requiring consideration when evaluating fiscal mul- tipliers across countries. We calibrate a life-cycle, overlapping generations model to match key characteristics of d...

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Bibliographic Details
Main Author: Freitas, Bruno Miguel Esteves (author)
Format: masterThesis
Language:eng
Published: 2021
Subjects:
Online Access:http://hdl.handle.net/10362/111524
Country:Portugal
Oai:oai:run.unl.pt:10362/111524