Sectoral Shocks, Reallocation Frictions, and Optimal Government Spending
نویسندگان
چکیده
منابع مشابه
Sectoral Shocks, Reallocation Frictions, and Optimal Government Spending
What is the optimal policy response to a negative sectoral shock? How do frictions in goods and labor markets a¤ect the nature and speed of the process of reallocating resources across alternative uses? Should government controlled inputs be allocated to compensate for frictions faced by the private sector or, rather, should they be deployed to complement private sector decisions? In this paper...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1894926