Optimal fiscal policy, public capital, and the productivity slowdown

Steven Cassou () and Kevin Lansing

No 9509, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A presentation of a quantitative-theoretical model that can account for much of the behavior of the stock of public capital in the U.S. economy over the last 70 years, with an application to examining some possible causes of the slowdown in the growth of U.S. labor productivity.

Keywords: Capital; Fiscal policy; Labor productivity (search for similar items in EconPapers)
Date: 1995
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Journal Article: Optimal fiscal policy, public capital, and the productivity slowdown (1998)
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