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
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
Journal title :
Economics Letters