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Keywords:Expenditures, Public 

Report
An empirical examination of government expenditures and the ex ante crowding out effect for the British economy

Research Paper , Paper 9017

Report
Capital flight from debtor nations when labor is mobile

Research Paper , Paper 9126

Report
The supply side consequences of U.S. fiscal policy in the 1980s

Research Paper , Paper 9129

Report
Money demand, transactions proxies, and the effects of fiscal policies in open economies

Research Paper , Paper 8602

Report
Endogenous exchange rate regime switches

Research Paper , Paper 8915

Discussion Paper
The output, employment, and interest rate effects of government consumption

This paper investigates the impact of aggregate variables of changes in government consumption in the context of a stochastic, neoclassical growth model. We show, theoretically, that the impact on output and employment of a persistent change in government consumption exceeds that of a temporary change. We also show that, in principle, there can be an analog to the Keynesian multiplier in the neoclassical growth model. Finally, in an empirically plausible version of the model, we show that the interest rate impact of a persistent government consumption shock exceeds that of a temporary one. ...
Discussion Paper / Institute for Empirical Macroeconomics , Paper 25

Discussion Paper
A business cycle model with nominal wage contracts and government

We incorporate nominal wage contracts and government into a quantitative general equilibrium framework. Thus, our model includes three types of shocks: a fiscal shock, a monetary shock, and a technology shock. We show that it is possible in this type of environment to generate a low correlation between hours worked and the return to working, a moderately negative correlation between output and aggregate prices and a moderately positive correlation between the real wage rate and output. In sharp contrast with RBC models with indivisible labor, wage contracts magnify mainly the effect of ...
Discussion Paper / Institute for Empirical Macroeconomics , Paper 80

Working Paper
Who benefits from increased government spending? a state-level analysis

We simultaneously identify two government spending shocks: military spending shocks as defined by Ramey (2008) and federal spending shocks as defined by Perotti (2008). We analyze the effect of these shocks on state-level personal income and employment. We find regional patterns in the manner in which both shocks affect state-level variables. Moreover, we find differences in the propagation mechanisms for military versus nonmilitary spending shocks. The former benefits economies with larger manufacturing and retail sectors and states that receive military contracts. While nonmilitary shocks ...
Working Papers , Paper 2009-006

Working Paper
State and local government spending--the balance between investment and consumption

Working Paper Series, Regional Economic Issues , Paper 92-14

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Expenditures, Public 123 items

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