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Understanding the Effects of a Shock to Government Purchases / Wendy Edelberg, Martin Eichenbaum, Jonas D.M. Fisher.
- Format:
- Book
- Author/Creator:
- Edelberg, Wendy.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6737.
- NBER working paper series no. w6737
- Language:
- English
- Subjects (All):
- International economic integration.
- United States--Economic conditions.
- United States.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1998.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1998.
- Summary:
- This paper investigates the consequences of an exogenous increase in U.S. government purchases. We find that in response to such a shock, employment, output, and nonresidential investment rise, while real wages, residential investment, and consumption expenditures fall. The paper argues that a simple variant of the neoclassical model which distinguishes between nonresidential and residential investment is consistent with this evidence.
- Notes:
- September 1998.
- Print version record
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