| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15153 |
| 来源ID | Working Paper 15153 |
| Government Investment and Fiscal Stimulus in the Short and Long Runs | |
| Eric M. Leeper; Todd B. Walker; Shu-Chun Susan Yang | |
| 发表日期 | 2009-07-09 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional neoclassical growth models. The analysis focuses on two dimensions of fiscal policy that are critical for understanding the effects of government investment: implementation delays associated with building public capital projects and expected future fiscal adjustments to debt-financed spending. Implementation delays can produce small or even negative labor and output responses in the short run; anticipated fiscal financing adjustments matter both quantitatively and qualitatively for long-run growth effects. Taken together, these two dimensions have important implications for the short-run and long-run impacts of fiscal stimulus in the form of higher government infrastructure investment. The analysis is conducted in several models with features relevant for studying government spending, including utility-yielding government consumption, time-to-build for private investment, and government production. |
| 主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w15153 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572828 |
| 推荐引用方式 GB/T 7714 | Eric M. Leeper,Todd B. Walker,Shu-Chun Susan Yang. Government Investment and Fiscal Stimulus in the Short and Long Runs. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15153.pdf（884KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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