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Fève, Patrick
, Matheron, Julien and Sahuc, Jean-Guillaume
(2011)
Externality in labor supply and government spending.
Economics Letters, 112 (3).
pp. 273-276.
Official URL : http://tse-fr.eu/pub/25729
Identification Number : 10.1016/j.econlet.2011.05.013
Abstract
Standard business cycle models face difficulties generating (i) government spending multipliers exceeding unity and (ii) stabilizing effects of government size. Using a simple model with externality in labor supply, we show that a sufficient degree of complementarity between aggregate and private labor supplies is key to reproducing these stylized facts.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | September 2011 |
| Refereed: | Yes |
| Uncontrolled Keywords: | Externality, Labor supply, Government spending multiplier, Government size |
| JEL Classification: | E32 - Business Fluctuations; Cycles E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 09 Jul 2014 17:24 |
| Last Modified: | 02 Apr 2021 15:47 |
| OAI Identifier: | oai:tse-fr.eu:25729 |
| URI: | https://publications.ut-capitole.fr/id/eprint/15237 |
