Holdings: Government Investment and Fiscal Stimulus

Government Investment and Fiscal Stimulus:

Effects of government investment are studied in an estimated neoclassical growth model. The analysis focuses on two dimensions that are critical for understanding government investment as a fiscal stimulus: implementation delays for building public capital and expected fiscal adjustments to deficit-...

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Main Author:	Yang, Shu-Chun S. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2010
Series:	IMF Working Papers Working Paper No. 10/229
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	Effects of government investment are studied in an estimated neoclassical growth model. The analysis focuses on two dimensions that are critical for understanding government investment as a fiscal stimulus: implementation delays for building public capital and expected fiscal adjustments to deficit-financed spending. Implementation delays can produce small or even negative labor and output responses to increases in government investment in the short run. Anticipated fiscal adjustments matter both quantitatively and qualitatively for long-run growth effects. When public capital is insufficiently productive, distorting financing can make government investment contractionary at longer horizons
Physical Description:	1 Online-Ressource (30 p)
ISBN:	1455208949 9781455208944

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spelling	Yang, Shu-Chun S. Verfasser aut Government Investment and Fiscal Stimulus Yang, Shu-Chun S Washington, D.C International Monetary Fund 2010 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/229 Effects of government investment are studied in an estimated neoclassical growth model. The analysis focuses on two dimensions that are critical for understanding government investment as a fiscal stimulus: implementation delays for building public capital and expected fiscal adjustments to deficit-financed spending. Implementation delays can produce small or even negative labor and output responses to increases in government investment in the short run. Anticipated fiscal adjustments matter both quantitatively and qualitatively for long-run growth effects. When public capital is insufficiently productive, distorting financing can make government investment contractionary at longer horizons Online-Ausg Leeper, Eric M. Sonstige oth Walker, Todd B. Sonstige oth http://elibrary.imf.org/view/IMF001/11337-9781455208944/11337-9781455208944/11337-9781455208944.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Yang, Shu-Chun S. Government Investment and Fiscal Stimulus
title	Government Investment and Fiscal Stimulus
title_auth	Government Investment and Fiscal Stimulus
title_exact_search	Government Investment and Fiscal Stimulus
title_exact_search_txtP	Government Investment and Fiscal Stimulus
title_full	Government Investment and Fiscal Stimulus Yang, Shu-Chun S
title_fullStr	Government Investment and Fiscal Stimulus Yang, Shu-Chun S
title_full_unstemmed	Government Investment and Fiscal Stimulus Yang, Shu-Chun S
title_short	Government Investment and Fiscal Stimulus
title_sort	government investment and fiscal stimulus
url	http://elibrary.imf.org/view/IMF001/11337-9781455208944/11337-9781455208944/11337-9781455208944.xml
work_keys_str_mv	AT yangshuchuns governmentinvestmentandfiscalstimulus AT leeperericm governmentinvestmentandfiscalstimulus AT walkertoddb governmentinvestmentandfiscalstimulus

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