Keeping up with the Joneses and the consumption response to government spending

DOI10.1016/J.ECONLET.2022.110869MaRDI QIDQ2096218zbMATH OpenOpenAlexFDO

Authors Kevin X. D. Huang, Fengqi Liu, Qinglai Meng, Jianpo Xue

Publication date 16 November 2022

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2022.110869

zbMATH Keywords

government spendingkeeping up with the Jonesesprivate consumption

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

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Cites work

• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
• Can fiscal spending stimulate private consumption?
• Can government spending increase private consumption? the role of complementarity
• Deep Habits
• Externality in labor supply and government spending
• scientific article; zbMATH DE number 3076911 (Why is no real title available?)
• Increasing returns, capital utilization, and the effects of government spending
• Keeping up with the Joneses: who loses out?

Cited in

(5)

• Can government spending increase private consumption? the role of complementarity
• Can fiscal spending stimulate private consumption?
• The adverse effect of government spending on private consumption in New Keynesian models
• Government Spending Shocks and Rule‐of‐Thumb Consumers with Steady‐State Inequality*
• The consumption multiplier of government spending: the role of substitutability between government spending and leisure

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