Fiscal stimulus: A neoclassical perspective

Can a large-scale defcit spending program speed up recovery after recession? To answer that question we calibrate a standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady-state level. We calibrate the model such that a permanen...

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Bibliographic details
Volume: 421
Main Author: Strulik, Holger
Trimborn, Timo
Format: Paper
Language: English
Place of publication: Hannover Wirtschaftswiss. Fak., Leibniz Univ. 2009
published in: Discussion papers // School of Economics and Management of the Hanover Leibniz University Vol. 421
Data of publication: 2009
Subjects:
USA
Online Access: Fulltext
Database: EconStor
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