RT Journal Article
SR 00
A1 Dupaigne, Martial
A1 Fève, Patrick
T1 Persistent Government Spending and Fiscal Multipliers: the Investment-Channel
JF European Economic Review
YR 2016
FD 2016-10
VO vol. 89
SP 425
OP 453
K1 Government Spending Multipliers
K1 DSGE models
K1 Capital Accumulation
K1 Labor Supply
K1 Market Imperfections
AB 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
SN 0014-2921
LK https://publications.ut-capitole.fr/id/eprint/22393/
UL http://tse-fr.eu/pub/31004