| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5283 |
| DP5283 Modelling the duration of patent examination at the European Patent Office | |
| Dietmar Harhoff; Stefan Wagner | |
| 发表日期 | 2005-10-18 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Recent evidence suggests that consumption rises in response to an increase in government spending. That finding cannot be easily reconciled with existing optimizing business cycle models. We extend the standard new Keynesian model to allow for the presence of rule-of-thumb consumers. We show how the interaction of the latter with sticky prices and deficit financing can account for the existing evidence on the effects of government spending. |
| 主题 | International Macroeconomics |
| 关键词 | Rule-of-thumb consumers Non-ricardian households Fiscal multiplier Government spending Taylor rules |
| URL | https://cepr.org/publications/dp5283 |
| 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/534130 |
| 推荐引用方式 GB/T 7714 | Dietmar Harhoff,Stefan Wagner. DP5283 Modelling the duration of patent examination at the European Patent Office. 2005. |
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