Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/45877
Autoren: 
Tesfaselassie, Mewael F.
Datum: 
2011
Schriftenreihe/Nr.: 
Kiel Working Paper No. 1678
Zusammenfassung: 
The paper studies the macroeconomic effects of government spending shocks in an economy characterized by positive trend growth. It shows that the lower is the trend growth rate the less inflationary are government spending shocks and vice versa. Moreover, on impact output is higher but exhibits less persistence the lower is trend growth, an effect that also characterizes consumption and the government spending multiplier, given that consumption and labor are somewhat complementary.
Schlagwörter: 
Trend growth
price and wage staggering
government spending multiplier
JEL: 
E21
E62
H31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
319.45 kB





Publikationen in EconStor sind urheberrechtlich geschützt.