Aleš Maršál publikoval článek v Journal of Money, Credit and Banking

Aleš Maršál se podílel na výzkumu, který vedl k publikaci v prestižním časopisu Journal of Money, Credit and Banking.

Časopis je indexován ve Web of Science, AIS faktor je 2,227 (2020), časopis je řazen do Q1(D2).

Název článku: Fiscal Policy And the Nominal Term Premium

Autoři: Roman Horvath, Lorant Kaszab, Aleš Maršál

Abstrakt: We estimate a New Keynesian model on postwar U.S. data with the generalized method of moments using either constant or time-varying debt and distortionary labor income taxes. We show that accounting for government debt and distortionary taxes help the New Keynesian model match the level of the nominal term premium with a lower relative risk-aversion than typically found in the literature.

Odkaz na web: https://onlinelibrary.wiley.com/doi/abs/10.1111/jmcb.12858