Housework and fiscal expansions

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dc.contributor.author Gnocchi, Stefano
dc.contributor.author Hauser, Daniela
dc.contributor.author Pappa, Evi
dc.date.accessioned 2022-05-11T16:39:36Z
dc.date.available 2022-05-11T16:39:36Z
dc.date.issued 2016-05-01
dc.identifier.bibliographicCitation Gnocchi, S., Hauser, D., & Pappa, E. (2016). Housework and fiscal expansions. Journal of Monetary Economics, 79, pp. 94-108.
dc.identifier.issn 0304-3932
dc.identifier.uri http://hdl.handle.net/10016/34780
dc.description.abstract In an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, we discipline complementarity between consumption and hours worked and relate its strength to the size of fiscal multipliers. Evidence on the substitutability between home and market goods confirms that complementarity is an empirically relevant driver of fiscal multipliers. However, in a housework model substantial complementarity can be generated without imposing a low wealth effect, which contradicts the microeconomic evidence. Also, explicitly modeling housework matters for assessing the welfare effects of government spending, which are understated by theories that neglect substitutability between home-produced and market goods.
dc.description.sponsorship Evi Pappa gratefully acknowledges financial support from the Spanish Ministry of Education and Science through Grant ECO2009-09847, the support of the Barcelona GSE Research Network and of the Government of Catalonia.
dc.language.iso eng
dc.publisher Elsevier
dc.rights © Elsevier, 2016
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Government expenditure shocks
dc.subject.other Home production
dc.title Housework and fiscal expansions
dc.type article
dc.subject.eciencia Economía
dc.identifier.doi https://doi.org/10.1016/j.jmoneco.2016.04.003
dc.rights.accessRights openAccess
dc.relation.projectID Gobierno de España. ECO2009-09847
dc.type.version acceptedVersion
dc.identifier.publicationfirstpage 94
dc.identifier.publicationlastpage 108
dc.identifier.publicationtitle JOURNAL OF MONETARY ECONOMICS
dc.identifier.publicationvolume 79
dc.identifier.uxxi AR/0000029316
dc.contributor.funder Ministerio de Educación y Ciencia (España)
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