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
Main Author: Strulik, Holger
Trimborn, Timo
Format: Paper
Language: English
Place of publication: 01.07.2009
Related: Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Data of publication: 2009/07
Series: Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Leibniz Universität Hannover
Online Access: available in Bonn?
Database: RePEc IDEAS
Database information Databases - DBIS