Understanding the Effects of a Shock to Government Purchases

被引：166

作者：

Edelberg, Wendy ^{[1
]}

Eichenbaum, Martin ^{[2
]}

Fisher, Jonas D. M. ^{[3
]}

机构：

[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA

[2] Northwestern Univ, Dept Econ, Evanston, IL 60208 USA

[3] Fed Reserve Bank Chicago, Econ Res Dept, Chicago, IL USA

来源：

REVIEW OF ECONOMIC DYNAMICS | 1999年 / 2卷 / 01期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1006/redy.1998.0036

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 growth model which distinguishes between nonresidential and residential investment is consistent with this evidence. (C) 1999 Academic Press

引用

页码：166 / 206

页数：41

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