| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w17787
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| 来源ID | Working Paper 17787
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| Government Spending and Private Activity |
| Valerie A. Ramey
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| 发表日期 | 2012-01-26
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| 出版年 | 2012
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| 语种 | 英语
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| 摘要 | This paper asks whether increases in government spending stimulate private activity. The first part of the paper studies private spending. Using a variety of identification methods and samples, I find that in most cases private spending falls significantly in response to an increase in government spending. These results imply that the average GDP multiplier lies below unity. In order to determine whether concurrent increases in tax rates dampen the spending multiplier, I use two different methods to adjust for tax effects. Neither method suggests significant effects of current tax rate changes on the spending multiplier. In the second part of the paper, I explore the effects of government spending on labor markets. I find that increases in government spending lower unemployment. Most specifications and samples imply, however, that virtually all of the effect is through an increase in government employment, not private employment. I thus conclude that on balance government spending does not appear to stimulate private activity. |
| 主题 | Macroeconomics
; Consumption and Investment
; Fiscal Policy
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| URL | https://www.nber.org/papers/w17787
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575462
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推荐引用方式
GB/T 7714 |
Valerie A. Ramey. Government Spending and Private Activity. 2012.
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文件名：
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w17787.pdf
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格式：
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Adobe PDF
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