This paper investigates the effects of a temporary change in government expendit ure on private consumption and investment. The model employed is one of a closed economy populated by infinitely-lived, utility-maximizing individuals. The analysis focuses on the implications of alternative assumptions concerning the relationship between public and private c onsumption in the household's utility function. A temporary increase in government expenditure is found to reduce investment if public and private goods are Edgeworth complements or independent. However, if they are substitutes, there exists the possibility of an increase in investment.
In this paper we provide empirical evidence of the relationship between government purchases and pri...
International audienceIn this paper, we consider a discrete-time version of the endogenous growth mo...
This paper focuses on the trade-off faced by governments in deciding the allocation of public expend...
This paper extends S. Djajic (1987) to allow for an endogenous rate of time preference, and reexamin...
[[abstract]]In this paper, we modify the Djajić [Djajić, S., 1987. “Government Spending and the Opti...
This paper reconsiders the e¤ect of \u85scal policy using a New-Keynesian dynamic stochastic general...
This paper investigates the impact on aggregate variables of changes in government consumption in th...
This paper investigates the impact of government spending policies in a two sector model of endogeno...
The subject of this paper is an analysis of the possibility of a government to influence the econom...
Standard New Keynesian models cannot generate the widely observed result that private consumption is...
This paper examines the effects of a permanent increase in government spending in an economy with ha...
This paper analyses the effect of public expenditures in the context of a modified Solow model of ca...
Standard New Keynesian models cannot generate the widely observed result that private consumption is...
One strand of the literature on endogenous growth concerns models in which pub- lic infrastructure a...
One strand of the literature on endogenous growth concerns models in which pub-lic infrastructure a¤...
In this paper we provide empirical evidence of the relationship between government purchases and pri...
International audienceIn this paper, we consider a discrete-time version of the endogenous growth mo...
This paper focuses on the trade-off faced by governments in deciding the allocation of public expend...
This paper extends S. Djajic (1987) to allow for an endogenous rate of time preference, and reexamin...
[[abstract]]In this paper, we modify the Djajić [Djajić, S., 1987. “Government Spending and the Opti...
This paper reconsiders the e¤ect of \u85scal policy using a New-Keynesian dynamic stochastic general...
This paper investigates the impact on aggregate variables of changes in government consumption in th...
This paper investigates the impact of government spending policies in a two sector model of endogeno...
The subject of this paper is an analysis of the possibility of a government to influence the econom...
Standard New Keynesian models cannot generate the widely observed result that private consumption is...
This paper examines the effects of a permanent increase in government spending in an economy with ha...
This paper analyses the effect of public expenditures in the context of a modified Solow model of ca...
Standard New Keynesian models cannot generate the widely observed result that private consumption is...
One strand of the literature on endogenous growth concerns models in which pub- lic infrastructure a...
One strand of the literature on endogenous growth concerns models in which pub-lic infrastructure a¤...
In this paper we provide empirical evidence of the relationship between government purchases and pri...
International audienceIn this paper, we consider a discrete-time version of the endogenous growth mo...
This paper focuses on the trade-off faced by governments in deciding the allocation of public expend...