Optimal fiscal policy when public capital is productive: a business cycle perspective

No 9507, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A presentation of a dynamic general-equilibrium model with productive public capital to help account for differences in the business cycle characteristics of public- versus private- sector expenditures in postwar U.S. data.

Keywords: Business cycles; Fiscal policy (search for similar items in EconPapers)
Date: 1995
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Working Paper: Optimal fiscal policy when public capital is productive: a business- cycle perspective (1994)
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