Can government spending increase private consumption? The role of complementarity
AbstractIt is empirically observed that private consumption responds positively to fiscal shocks. We offer an explanation for this stylized fact, based on the idea of complementarity between public and private consumption.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 103 (2009)
Issue (Month): 1 (April)
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Web page: http://www.elsevier.com/locate/ecolet
Fiscal policy Private consumption multiplier Complementarity;
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