Can fiscal spending stimulate private consumption?

被引：23

作者：

Linnemann, L ^{[1
]}

Schabert, A ^{[1
]}

机构：

[1] Univ Cologne, Dept Econ, D-50923 Cologne, Germany

来源：

ECONOMICS LETTERS | 2004年 / 82卷 / 02期

关键词：

fiscal policy shocks; private consumption; new Keynesian economics;

D O I：

10.1016/j.econlet.2003.07.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：173 / 179

页数：7

共 15 条

[1]

AMBLER S, 1996, J ECON DYN CONTROL, V82, P237

[2] OUTPUT EFFECTS OF GOVERNMENT PURCHASES [J].