Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/37277 
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dc.contributor.authorMisch, Florianen
dc.contributor.authorGemmell, Normanen
dc.contributor.authorKneller, Richard Anthonyen
dc.date.accessioned2010-08-11T08:53:37Z-
dc.date.available2010-08-11T08:53:37Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Fiscal Policy and the Business Cycle |xE6-V2en
dc.subject.jelE62en
dc.subject.jelH21en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordImperfect Knowledgeen
dc.subject.keywordEconomic Growthen
dc.subject.keywordProductive Public Spendingen
dc.subject.keywordOptimal Fiscal Policyen
dc.titleFiscal Policy and Growth with Complementarities and Constraints on Government-
dc.typeConference Paperen
dc.identifier.ppn65593166Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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