Since 2014
Government Policy and Aggregate Fluctuations
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Government Policy and Aggregate Fluctuations
Government Policy and Aggregate Fluctuations |
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| Creator |
McGrattan, Ellen R.
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| Subject |
—
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| Description |
This paper investigates the effect of including fiscal and monetary variables in a simple real business cycle model. The starting point is the stochastic growth model with fuctuations driven by technological shocks. The growth model is first extended to include government spending and taxes on factors of production. A second extension imposes a cash-in-advance constraint on purchases of consumption goods. For the three models, equilibrium decision functions and predictions for second moments are compared.
Government Policy and Aggregate Fluctuations |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2010-03-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/240
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 6, No 2 (1991); 21-36
Revista de Análisis Económico – Economic Analysis Review; Vol 6, No 2 (1991); 21-36 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/240/435
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