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- W2889887937 abstract "This paper investigates the consequences of an exogenous increase in U.S. government purchase. We find the 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 neoclassical growth model which distinguishes between nonresidential and residential investment is consistent with this evidence." @default.
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- W2889887937 date "1998-09-01" @default.
- W2889887937 modified "2023-09-27" @default.
- W2889887937 title "Understanding the effects of a shock to government purchases" @default.
- W2889887937 hasPublicationYear "1998" @default.
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