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Title
Fiscal policy in the presence of an illiquid asset and household heterogeneity / Zoltán Rácz
AuthorRácz, Zoltán
CensorReiter, Michael
PublishedWien, 2017
Descriptioniii, 30 Blätter : Diagramme
Institutional NoteTechnische Universität Wien, Masterarbeit, 2017
LanguageEnglish
Document typeMaster Thesis
Keywords (DE)heterogeneous agents / fiscal policy / macroeconomics
URNurn:nbn:at:at-ubtuw:1-100795 Persistent Identifier (URN)
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 The work is publicly available
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Abstract (English)

The effect of fiscal policy greatly depends on how households react to different income shocks. In this paper, utilizing the model of Violante et al. (2015), I investigate the effects of several fiscal policy measures in the presence of heterogeneity among households who save in two kinds of assets, including an illiquid asset subject to adjustment costs.

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