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dc.contributor.authorBurgert, Matthiasen_US
dc.contributor.authorGomes, Pedroen_US
dc.date.accessioned2011-08-12T09:50:49Z-
dc.date.available2011-08-12T09:50:49Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/48690-
dc.description.abstractWe disaggregate government spending into five macroeconomic-relevant components: average wage, employment, purchases of intermediate goods and services, investment and transfers. We set up a simple RBC model with only search and matching frictions in the labour market to show that these components have different, quantitative and sometimes qualitative, effects on output, private wages and employment, the unemployment rate and private consumption. Using simulated data we show that a VAR with aggregate government spending and output does not identify any type of fiscal shock. We then use the several identification strategies proposed in the literature to understand the effects of different components, for the United States. We find that both the average wage and employment have larger multipliers than purchases of intermediate goods, investment and transfers. They also have distinct effects on private wages and private consumption.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Fiscal Stimulus G2-V3en_US
dc.subject.jelE62en_US
dc.subject.ddc330en_US
dc.subject.keywordGovernment spending-
dc.titleThe Effects of Government Spending: A Disaggregated Approachen_US
dc.typeConference Paperen_US
dc.identifier.ppn671886630en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc11:48690-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft - Lektionen aus der Krise

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