Add to ORKGThis paper develops a generalised version of the life-cycle model in which consumers’ preferences are defined over components of consumption and are affected by the level of public expenditure on goods and services. The model implies that the crowding out of private consumption could in fact be a direct demand side phenomenon caused by the way preferences respond to a change in public spending. Evidence from U.S. and Canadian data for the period 1935-1995 confirms this theoretical conjecture as well as implying that in both countries demand for durable goods is likely to show relatively large swings which may undermine the stability of the sector and harm the supply side
Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks in...
This paper performs a Structural VAR analysis on UK economy using quarterly non-interpolated data fr...
Recent evidence on the effect of government spending shocks on consumption cannot be easily reconcil...
This paper develops a generalised version of the life-cycle model in which consumers’ preferences ar...
This paper develops a generalized version of the life-cycle model in which consumers' preferences ar...
This paper develops a generalised version of the life-cycle model in which consumers’ preferences ar...
The evidence on the excessive smoothness and sensitivity of consumption with respect to income is su...
It has become something of a stylised fact that the change in consumer spending exhibits persistence...
It is generally agreed that the consumption path implied by the standard stochastic life-cycle versi...
This article presents unique industry level data on the level of government purchases from private i...
This paper attempts to establish empirically whether different types of public spending are responsi...
In a monopolistic competition macromodel with endogenous market structure, the fiscal multiplier is ...
This paper examines whether two regions should remain together within a fiscal federation, or separa...
Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical...
In the theoretical macroeconomics literature, fiscal policy is almost uniformly taken to mean taxing...
Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks in...
This paper performs a Structural VAR analysis on UK economy using quarterly non-interpolated data fr...
Recent evidence on the effect of government spending shocks on consumption cannot be easily reconcil...
This paper develops a generalised version of the life-cycle model in which consumers’ preferences ar...
This paper develops a generalized version of the life-cycle model in which consumers' preferences ar...
This paper develops a generalised version of the life-cycle model in which consumers’ preferences ar...
The evidence on the excessive smoothness and sensitivity of consumption with respect to income is su...
It has become something of a stylised fact that the change in consumer spending exhibits persistence...
It is generally agreed that the consumption path implied by the standard stochastic life-cycle versi...
This article presents unique industry level data on the level of government purchases from private i...
This paper attempts to establish empirically whether different types of public spending are responsi...
In a monopolistic competition macromodel with endogenous market structure, the fiscal multiplier is ...
This paper examines whether two regions should remain together within a fiscal federation, or separa...
Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical...
In the theoretical macroeconomics literature, fiscal policy is almost uniformly taken to mean taxing...
Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks in...
This paper performs a Structural VAR analysis on UK economy using quarterly non-interpolated data fr...
Recent evidence on the effect of government spending shocks on consumption cannot be easily reconcil...