Revisiting the Supply-Side Effects of Government Spending Under Incomplete Markets
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13136
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资源简介：
This paper revisits the macroeconomic effects of government consumption in the neoclassical growth model augmented with idiosyncratic investment (or entrepreneurial) risk. Under complete markets, a permanent increase in government consumption has no long-run effect on the interest rate, the capital
提供机构：
美国国家经济研究局
创建时间：
2007-05-01
