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Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Economics Working Paper No. 2010-05
Verlag: 
Kiel University, Department of Economics, Kiel
Zusammenfassung: 
This paper explores different fiscal stimuli within a business cycle model with an endogenous number of firms. We demonstrate that a changing number of firms is a crucial dimension for evaluating fiscal policy since it accelerates the impacts of fiscal policy. In the presence of demand stimuli fiscal multipliers are small and the number of firms may decline, in particular under distortionary tax financing. Policies that disburden private agents from income taxes, on the other hand, are effective in boosting economic activity and new firm creation.
Schlagwörter: 
Fiscal Multipliers
Firm Entry
Product Variety
JEL: 
E62
E32
E22
Dokumentart: 
Working Paper

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