Understanding the Effects of Government Spending on Consumption
نویسندگان
چکیده
منابع مشابه
The Effects of Government Spending on the Distribution of Consumption
This paper proposes an empirical framework to study the effects of a policy regime change defined as an unpredictable and permanent change in the policy parameters. In particular I show how to make conditional forecast and perform impulse response functions and counterfactual analysis. As an application, the effects of changes in fiscal policy rules in the US are investigated. I find that discr...
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Using panel structural VAR analysis and quarterly data from four industrialized countries, we document that an increase in government purchases leads to an expansion in output and private consumption, a deterioration in the trade balance, and a depreciation of the real exchange rate (i.e., a decrease in the domestic CPI relative to the exchange-rate adjusted foreign CPI). We propose an explanat...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2007
ISSN: 1542-4766,1542-4774
DOI: 10.1162/jeea.2007.5.1.227