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dc.contributor.authorMisch, Florianen_US
dc.contributor.authorGemmell, Normanen_US
dc.contributor.authorKneller, Richard Anthonyen_US
dc.date.accessioned2010-08-11T08:53:37Z-
dc.date.available2010-08-11T08:53:37Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37277-
dc.description.abstractThis paper considers the implications of complementarity in private production and constraints on government for optimal fiscal policy. Using an endogenous growth model with public finance, it derives three central results which modify findings in the literature under standard assumptions. First, it shows that optimal public spending composition and taxation are interrelated so that first- and second-best…fiscal policies differ. Second, it shows that the growth-maximizing fiscal policy is affected by preference parameters. Third, it shows that with budget rigidities and informational limitations, knowledge about the optimal fiscal policy parameter values is not necessary for growth-enhancing fiscal policy adjustments.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Fiscal Policy and the Business Cycle E6-V2en_US
dc.subject.jelE62en_US
dc.subject.jelH21en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordImperfect Knowledgeen_US
dc.subject.keywordEconomic Growthen_US
dc.subject.keywordProductive Public Spendingen_US
dc.subject.keywordOptimal Fiscal Policyen_US
dc.titleFiscal Policy and Growth with Complementarities and Constraints on Governmenten_US
dc.typeConference Paperen_US
dc.identifier.ppn65593166X-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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