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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Optimal fiscal policy when public capital is productive: a business cycle perspective
Kevin J. Lansing
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.


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Kevin J. Lansing, Optimal fiscal policy when public capital is productive: a business cycle perspective, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9507, 1995.
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Keywords: Business cycles ; Fiscal policy
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