eprintid: 22393
rev_number: 20
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/02/23/93
datestamp: 2016-09-28 07:37:56
lastmod: 2021-04-02 15:54:09
status_changed: 2019-07-15 12:31:00
type: article
succeeds: 22018
metadata_visibility: show
creators_name: Dupaigne, Martial
creators_name: Fève, Patrick
creators_idrefppn: 119433877
creators_idrefppn: 080518311
creators_affiliation: Toulouse School of Economics
creators_affiliation: Toulouse School of Economics, University of Toulouse Capitole, Toulouse, France
title: Persistent Government Spending and Fiscal Multipliers: the Investment-Channel
ispublished: pub
subjects: subjects_ECO
abstract: 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.
date: 2016-10
date_type: published
publisher: Elsevier
official_url: http://tse-fr.eu/pub/31004
faculty: tse
divisions: tse
keywords: Government Spending Multipliers
keywords: DSGE models
keywords: Capital Accumulation
keywords: Labor Supply
keywords: Market Imperfections
language: en
has_fulltext: TRUE
subjectsJEL: JEL_E32
subjectsJEL: JEL_E62
view_date_year: 2016
full_text_status: public
publication: European Economic Review
volume: vol. 89
pagerange: 425-453
refereed: TRUE
issn: 0014-2921
oai_identifier: oai:tse-fr.eu:31004
harvester_local_overwrite: oai_set
harvester_local_overwrite: volume
harvester_local_overwrite: issn
harvester_local_overwrite: faculty
harvester_local_overwrite: pending
harvester_local_overwrite: publisher
harvester_local_overwrite: creators_idrefppn
oai_lastmod: 2019-07-01T07:55:12Z
oai_set: tse
oai_set: ut1c
site: ut1
citation:   Dupaigne, Martial <https://www.idref.fr/119433877> and Fève, Patrick <https://www.idref.fr/080518311>  (2016) Persistent Government Spending and Fiscal Multipliers: the Investment-Channel.    European Economic Review, vol. 89.  pp. 425-453.       
document_url: https://publications.ut-capitole.fr/id/eprint/22393/1/persistent.pdf