Fiscal Stimulus: A Neoclassical Perspective

Can a large-scale deficit 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 and that the economy is expected to recover very...

Full description

Saved in:
Bibliographic details
Volume: A18-V2
Main Author: Strulik, Holger
Trimborn, Timo
Format: Paper
Language: English
Place of publication: Frankfurt a. M Verein für Socialpolitik 2010
published in: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Fiscal Policy: The Role of Shocks Vol. A18-V2
Data of publication: 2010
Online Access: Fulltext
Database: EconStor
Database information Databases - DBIS