TY  - JOUR
ID  - publications22393
UR  - http://tse-fr.eu/pub/31004
A1  - Dupaigne, Martial
A1  - Fève, Patrick
Y1  - 2016/10//
N2  - This paper inspects the mechanism shaping government spending multipliers in various smallscale DSGE setups with endogenous labor supply and capital accumulation. We analytically characterize the short-run investment multiplier, which in equilibrium can be either positive or negative. The investment multiplier increases with the persistence of the exogenous government spending process. The response of investment to government spending shocks strongly affects short-run multipliers on output and consumption.
PB  - Elsevier
JF  - European Economic Review
VL  - vol. 89
KW  - Government Spending Multipliers
KW  - DSGE models
KW  - Capital Accumulation
KW  - Labor Supply
KW  - Market Imperfections
SN  - 0014-2921
TI  - Persistent Government Spending and Fiscal Multipliers: the Investment-Channel
SP  - 425
AV  - public
EP  - 453
ER  -