Public consumption over the business cycle

What fraction of the business cycle volatility of government purchases is accounted for as endogenous reactions to overall macroeconomic conditions? We answer this question in the framework of a neoclassical representative household model where the provision of a public consumption good is decided u...

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Bibliographic details
Volume: 4
Main Author: Bachmann, Rüdiger
Bai, Jinhui H
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Oxford, UK Blackwell Publishing Ltd 01.11.2013
Wiley Subscription Services, Inc
published in: Quantitative economics Vol. 4; no. 3; pp. 417 - 451
Data of publication: November 2013
ISSN: 1759-7323
EISSN: 1759-7331
Discipline: Economics
Bibliography: We are grateful to conference/seminar participants at the 2011 Cologne Workshop on Macroeconomics, the George Washington University, the IIES at Stockholm University, the 2011 Midwest Macro Meeting, the 2011 SED meeting (Ghent), and the University of Pennsylvania as well as Per Krusell, a co‐editor, and three anonymous referees for their comments. We would also like to thank Liz Accetta from the Census Bureau for providing us with the historical data of the Annual Survey of State Government Finances and Josh Montes for his excellent research assistance. The usual disclaimer applies.
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2013
Academic OneFile (A&I only)
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