S
Stephen Snudden
Researcher at Queen's University
Publications - 39
Citations - 1287
Stephen Snudden is an academic researcher from Queen's University. The author has contributed to research in topics: Fiscal policy & Monetary policy. The author has an hindex of 13, co-authored 36 publications receiving 1208 citations. Previous affiliations of Stephen Snudden include International Monetary Fund.
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Effects of Fiscal Stimulus in Structural Models
Günter Coenen,Christopher J. Erceg,Charles Freedman,Charles Freedman,Davide Furceri,Davide Furceri,Michael Kumhof,René Lalonde,Douglas Laxton,Jesper Lindé,Annabelle Mourougane,Dirk Muir,Susanna Mursula,Carlos de Resende,John M. Roberts,Werner Roeger,Stephen Snudden,Stephen Snudden,Mathias Trabandt,Mathias Trabandt,Jan in 't Veld +20 more
TL;DR: The authors assesses the effectiveness of temporary fiscal stimulus using seven structural models used heavily by policymaking institutions, and conclude that temporary stimulus is most effective if it has some persistence and if monetary policy accommodates it.
Journal ArticleDOI
Effects of Fiscal Stimulus in Structural Models
Günter Coenen,Christopher J. Erceg,Charles Freedman,Davide Furceri,Michael Kumhof,René Lalonde,Douglas Laxton,Jesper Lindé,Annabelle Mourougane,Dirk Muir,Susanna Mursula,Carlos de Resende,John M. Roberts,Werner Roeger,Stephen Snudden,Mathias Trabandt,Jan in 't Veld +16 more
TL;DR: The authors compared seven structural DSGE models to discretionary fiscal stimulus shocks using seven different fiscal instruments, and compared the results to those of two prominent academic models, such as JEL E12, E13, E52, and E62.
Posted Content
Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model
Derek Anderson,Ben Hunt,Mika Kortelainen,Michael Kumhof,Douglas Laxton,Dirk Muir,Susanna Mursula,Stephen Snudden,Stephen Snudden +8 more
TL;DR: The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research as discussed by the authors.
Journal ArticleDOI
Fiscal consolidation in the euro area: How much pain can structural reforms ease?
TL;DR: In this article, the IMF's Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path.
Journal ArticleDOI
Effects of Fiscal Stimulus in Structural Models
Michael Kumhof,Dirk Muir,Carlos De Resende,Jan in 't Veld,René Lalonde,Davide Furceri,Annabelle Mourougane,John Roberts,Stephen Snudden,Mathias Trabandt,Günter Coenen,Susanna Mursula,Christopher J. Erceg,Charles Freedman,Jesper Lindé,Werner Roeger,Douglas Laxton +16 more
TL;DR: The authors assesses the effectiveness of temporary fiscal stimulus using seven structural models used heavily by policymaking institutions, and conclude that temporary stimulus is most effective if it has some persistence and if monetary policy accommodates it.