| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10067 |
| DP10067 The Precautionary Saving Effect of Government Consumption | |
| Nicola Pavoni | |
| 发表日期 | 2014-07-20 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We study a largely neglected channel through which government expenditures boost private consumption. We set up a lifecycle model in which households are subject to health shocks. We estimate a negative impact of public health care on household consumption dispersion, wealth and saving. According to our model, this result is explained by a change in the level of precautionary saving, with public health care acting as a form of consumption insurance. We compute the implied consumption multipliers by simulating the typical government consumption shock within a calibrated general equilibrium version of our model, with flexible prices. The impact consumption multiplier generated by the decrease in the level of precautionary saving is positive and sizable. When we include the effect of taxation, the sign of the impact multiplier depends on a few features of the model, such as the persistence of the health shocks. The long-run cumulative multiplier is negative across all calibrations. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Consumption multipliers Government expenditure by function Precautionary saving |
| URL | https://cepr.org/publications/dp10067 |
| 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/538900 |
| 推荐引用方式 GB/T 7714 | Nicola Pavoni. DP10067 The Precautionary Saving Effect of Government Consumption. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Nicola Pavoni]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Nicola Pavoni]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Nicola Pavoni]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
