Persistent government spending and fiscal multipliers : the investment-channel
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...
|Place of publication:||
|Data of publication:||2016-01-01|
|Online Access:||available in Bonn?|
|Database:||OpenAIRE (Open Access)
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