| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2770 |
| DP2770 The Distribution of Earnings in Spain During the 1980s: The Effects of Skill, Unemployment and Union Power | |
| Manuel Arellano; Olympia Bover; Samuel Bentolila | |
| 发表日期 | 2001-04-24 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper compares the dynamic impact of fiscal policy on macroeconomic variables implied by a large class of general equilibrium models with the empirical results from an identified vector autoregression. In the data we find that positive innovations in government spending are followed by strong and persistent increases in consumption and employment. The effects are particularly pronounced when government wage expenditures increase. We compare these findings to several variations of a standard real business cycle model and we find that the positive correlation in the responses of employment and consumption cannot be matched by the model under plausible assumptions for the values of the calibration parameters. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Business cycles |
| URL | https://cepr.org/publications/dp2770 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531829 |
| 推荐引用方式 GB/T 7714 | Manuel Arellano,Olympia Bover,Samuel Bentolila. DP2770 The Distribution of Earnings in Spain During the 1980s: The Effects of Skill, Unemployment and Union Power. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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