Title of article
Can fiscal spending stimulate private consumption?
Author/Authors
Ludger Linnemann، نويسنده , , Andreas Schabert، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
7
From page
173
To page
179
Abstract
Empirically, government expenditure shocks seem to crowd in private consumption, while neoclassical and New Keynesian models predict crowding out. We derive conditions under which a government-in-utility specification in a sticky-price model helps to reconcile theory and evidence.
Keywords
Fiscal policy shocks , New Keynesian economics , Private consumption
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435341
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