Can government spending increase private consumption? The role of complementarity

被引：29

作者：

Ganelli, Giovanni ^{[2
]}

Tervala, Juha ^{[1
]}

机构：

[1] Univ Helsinki, Dept Econ, FI-00014 Helsinki, Finland

[2] Int Monetary Fund, IMF Inst, Washington, DC 20431 USA

来源：

ECONOMICS LETTERS | 2009年 / 103卷 / 01期

关键词：

Fiscal policy; Private consumption multiplier; Complementarity;

D O I：

10.1016/j.econlet.2009.01.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

It is empirically observed that private consumption responds positively to fiscal shocks. We offer an explanation for this stylized fact, based on the idea of complementarity between public and private consumption. (C) 2009 International Monetary Fund. Published by Elsevier B.V. All rights reserved.

引用

页码：5 / 7

页数：3

共 10 条

[1]

BAXTER M, 1993, AM ECON REV, V83, P315

[2] An empirical characterization of the dynamic effects of changes in government spending and taxes on output [J].

Blanchard, O ;

Perotti, R .

QUARTERLY JOURNAL OF ECONOMICS, 2002, 117 (04) :1329-1368

[3]

DIXIT AK, 1977, AM ECON REV, V67, P297

[4] Understanding the effects of government spending on consumption [J].

Gali, Jordi ;

Valles, Javier ;

Lopez-Salido, J. David .

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2007, 5 (01) :227-270

[5] The effects of fiscal shocks on consumption: Reconciling theory and data [J].

Ganelli, Giovanni .

MANCHESTER SCHOOL, 2007, 75 (02) :193-209

[6] GOVERNMENT SPENDING AND PRIVATE CONSUMPTION - SOME INTERNATIONAL EVIDENCE [J].

KARRAS, G .

JOURNAL OF MONEY CREDIT AND BANKING, 1994, 26 (01) :9-22

[7] Productive government expenditure in monetary business cycle models [J].

Linnemann, L ;

Schabert, A .

SCOTTISH JOURNAL OF POLITICAL ECONOMY, 2006, 53 (01) :28-46

[8] Can fiscal spending stimulate private consumption? [J].

Linnemann, L ;

Schabert, A .

ECONOMICS LETTERS, 2004, 82 (02) :173-179

[9] Deep habits [J].

Ravn, Morten ;

Schmitt-Grohe, Stephanie ;

Uribe, Martin .

REVIEW OF ECONOMIC STUDIES, 2006, 73 (01) :195-218

[10] An optimization-based econometric framework for the evaluation of monetary policy [J].

Rotemberg, JJ ;

Woodford, M .

NBER MACROECONOMICS ANNUAL 1997, 1997, 12 :297-+

← 1 →