The effects of public spending externalities

DOI10.1016/J.JEDC.2014.06.016MaRDI QIDQ1994628zbMATH OpenOpenAlexFDO

Authors Valerio Ercolani, João Valle e Azevedo

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://www.bportugal.pt/sites/default/files/anexos/papers/wp201210.pdf

zbMATH Keywords

Bayesian estimationDSGE modelsfiscal multipliersgovernment consumptiongovernment investmentpublic spending externalities

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; risk measures (91G70) Dynamic stochastic general equilibrium theory (91B51)

Recommendations

• Externality in labor supply and government spending
• Government spending and heterogeneous consumption dynamics
• Fiscal spending shocks, endogenous government spending, and real business cycles
• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
• Unemployment, partial insurance, and the multiplier effects of government spending

Cites work

• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
• Bayesian Analysis of DSGE Models
• Dynamics of fiscal financing in the United States
• Fiscal shocks and their consequences.
• Gauging the effects of fiscal stimulus packages in the Euro area
• New Keynesian versus old Keynesian government spending multipliers
• Using simulation methods for bayesian econometric models: inference, development,and communication

Cited in

(17)

• scientific article; zbMATH DE number 6840929 (Why is no real title available?)
• Unemployment, partial insurance, and the multiplier effects of government spending
• The effects of government spending on work effort
• Great recession, slow recovery and muted fiscal policies in the US
• The government wage bill and private activity
• Externality in labor supply and government spending
• Government spending, endogenous labor, and capital accumulation
• Multipliers of unexpected increases in defense spending: an empirical investigation
• Optimal public expenditure with inefficient unemployment
• The Effect of Public Spending on Private Investment*
• Government spending and heterogeneous consumption dynamics
• Public investment multipliers: evidence from stock returns of the road pavement industry in Japan
• Radio's Impact on Public Spending
• THE CHANGING STRUCTURE OF GOVERNMENT CONSUMPTION SPENDING
• Public consumption over the business cycle
• A note on the crowding-out of investment by public spending
• Government spending, entry, and the consumption crowding-in puzzle

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