Does Government Spending Crowd In Private Consumption? : Theory and Empirical Evidence for the Euro Area /
In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general cond...
| Autore principale: | |
|---|---|
| Altri autori: | |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2005/159 |
| Accesso online: | Full text available on IMF |