Title of article
Governmentinvestmentandfiscalstimulus
Author/Authors
Eric M. Leeper، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
13
From page
1000
To page
1012
Abstract
Effectsofgovernmentinvestmentarestudiedinanestimatedneoclassicalgrowth
model.Theanalysisfocusesontwodimensionsthatarecriticalforunderstanding
governmentinvestmentasafiscalstimulus:implementationdelaysforbuildingpublic
capitalandexpectedfiscaladjustmentstodeficit-financedspending.Implementation
delayscanproducesmallorevennegativelaborandoutputresponsestoincreasesin
governmentinvestmentintheshortrun.Anticipatedfiscaladjustmentsmatterboth
quantitativelyandqualitativelyforlong-rungrowtheffects.Whenpubliccapitalis
insufficientlyproductive,distortingfinancingcanmakegovernmentinvestment
contractionaryatlongerhorizons.
Journal title
Journal of Monetary Economics
Serial Year
2010
Journal title
Journal of Monetary Economics
Record number
846444
Link To Document