Working Paper

Optimal fiscal policy when public capital is productive: a business cycle perspective


Abstract: A presentation of a dynamic general-equilibrium model with productive public capital to help account for differences in the business cycle characteristics of public- versus private- sector expenditures in postwar U.S. data.

Keywords: Business cycles; Fiscal policy;

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Authors

    Lansing, Kevin J.

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1995

Number: 9507