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The Equilibrium Approach to Fiscal Policy

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Aschauer, David Alan

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Abstract

This paper lays out a simple model for the purpose of bringing together the various strands of the analysis of fiscal policy in an optimizing , competitive equilibrium model. The discussion centers on the critic al assumptions lying behind the Ricardian equivalence proposition, th e role of the time profile and composition of public expenditure, and the timing of distortional taxation. Copyright 1988 by Ohio State University Press.

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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.

Volume (Year): 20 (1988)
Issue (Month): 1 (February)
Pages: 41-62
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Handle: RePEc:mcb:jmoncb:v:20:y:1988:i:1:p:41-62

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879

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  1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington. [Downloadable!]
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  2. Diego Martínez López, 2001. "Linking public investment to private investment. The case of the Spanish regions," Economic Working Papers at Centro de Estudios Andaluces E2001/04, Centro de Estudios Andaluces. [Downloadable!]
  3. António Afonso, 2008. "Euler testing Ricardo and Barro in the EU," Economics Bulletin, Economics Bulletin, vol. 5(16), pages 1-14. [Downloadable!]
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  4. Fisher, Walter H. & Turnovsky, Stephen J., 1997. "Congestion and Public Capital," Economics Series 47, Institute for Advanced Studies. [Downloadable!]
  5. Tavares, Jose & Valkanov, Rossen, 2001. "The neglected effect of fiscal policy on stock and bond returns," FEUNL Working Paper Series wp413, Universidade Nova de Lisboa, Faculdade de Economia. [Downloadable!]
  6. Moisa Altar & Judita Samuel, 2008. "Fiscal Policy, Public Capital and Economic Growth," Advances in Economic and Financial Research - DOFIN Working Paper Series 5, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB. [Downloadable!]
  7. Leanne Ussher, 1998. "Do Budget Deficits Raise Interest Rates? A Survey of the Empirical Literature," Working Papers 0005 Classification- JEL:, Department of Economics, Queens College of the City University of New York. [Downloadable!]
  8. Nouriel Roubini, 1988. "Current Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"?," NBER Working Papers 2773, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  9. Rafaela Mª Pérez Sánchez, 2002. "Un modelo de Uso Eficiente de las Infraestructuras Públicas," Documentos del Instituto Complutense de Análisis Económico 0215, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales. [Downloadable!]
  10. Louis, Phaneuf & Etienne , Wasmer, 2005. "Une étude économétrique de l'impact des dépenses publiques et des prélèvements fiscaux sur l'activité économique au Québec et au Canada
    [An econometric study of the impact of public spendi    ," MPRA Paper 18542, University Library of Munich, Germany. [Downloadable!]
  11. Heijdra, B.J. & Meijdam, L., 1997. "Public investment in a small open economy," Discussion Paper 80, Tilburg University, Center for Economic Research. [Downloadable!]
  12. Diego Martínez López, 2005. "Linking public investment to private investment," Economic Working Papers at Centro de Estudios Andaluces E2001/04Revision, Centro de Estudios Andaluces. [Downloadable!]
  13. António Afonso, 2001. "Government indebtedness and european consumers behaviour," Working Papers 2001/12, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
  14. V.V. Chari, 1988. "Time consistency and optimal policy design," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 17-31. [Downloadable!]
  15. Moisa Altar & Judita Samuel, 2008. "The Influence of Fiscal Policy on Economic Growth," Advances in Economic and Financial Research - DOFIN Working Paper Series 7, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB. [Downloadable!]
  16. Diego Martinez-Lopez, 2006. "Linking Public Investment to Private Investment. The Case of Spanish Regions," International Review of Applied Economics, Taylor and Francis Journals, vol. 20(4), pages 411-423, September. [Downloadable!] (restricted)
  17. Alain Paquet & Louis Phaneuf & Nooman Rebei, 2003. "The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework," Working Papers 03-12, Bank of Canada. [Downloadable!]
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