Demand Shocks that Look Like Productivity Shocks
AbstractThe use of competitive search protocols in final goods allows for the specification of models where demand shocks generate propagations that look like productivity shocks. In such environments there is a role for expansion of public expenditures during recessions. We investigate the empirical and quantitative validity of model economies with these properties.
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Bibliographic InfoPaper provided by Society for Economic Dynamics in its series 2011 Meeting Papers with number 99.
Date of creation: 2011
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Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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- Rüdiger Bachmann & Eric R. Sims, 2011.
"Confidence and the Transmission of Government Spending Shocks,"
NBER Working Papers
17063, National Bureau of Economic Research, Inc.
- Bachmann, Rüdiger & Sims, Eric R., 2012. "Confidence and the transmission of government spending shocks," Journal of Monetary Economics, Elsevier, vol. 59(3), pages 235-249.
- Eric Sims & Ruediger Bachmann, 2011. "Confidence and the Transmission of Government Spending Shocks," 2011 Meeting Papers 83, Society for Economic Dynamics.
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