Persistent government spending and fiscal multipliers: the investment-channel
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- dc.contributor.author Dupaigne, Martialca
- dc.contributor.author Fève, Patrickca
- dc.date.accessioned 2016-09-15T13:19:49Z
- dc.date.available 2016-09-15T13:19:49Z
- dc.date.issued 2016-09-15
- dc.description.abstract This paper inspects the mechanism shaping government spending multipliers in various smallscale DSGE setups with endogenous labor supply and capital accumulation. We analytically characterize the short-run investment multiplier, which in equilibrium can be either positive or negative. The investment multiplier increases with the persistence of the exogenous government spending process. The response of investment to government spending shocks strongly affects short-run multipliers on output and consumption.ca
- dc.description.sponsorship The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
- dc.format.mimetype application/pdfca
- dc.identifier.uri http://hdl.handle.net/10230/27299
- dc.language.iso engca
- dc.relation.ispartofseries ADEMU Working Paper Series;27
- dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/649396
- dc.rights This is an Open Access article distributed under the terms of the Creative Commons Attribution License Creative Commons Attribution 4.0 International, which permits unrestricted use, distribution and reproduction in any medium provided that the original work is properlyattributed.ca
- dc.rights.accessRights info:eu-repo/semantics/openAccessca
- dc.rights.uri https://creativecommons.org/licenses/by/4.0/ca
- dc.subject.keyword Government spending multipliers
- dc.subject.keyword DSGE models
- dc.subject.keyword Capital accumulation
- dc.subject.keyword Labor supply
- dc.subject.keyword Market imperfections
- dc.title Persistent government spending and fiscal multipliers: the investment-channelca
- dc.type info:eu-repo/semantics/workingPaperca