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Optimal fiscal policy, public capital, and the productivity slowdown

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  • Steven P. Cassou
  • Kevin J. Lansing

Abstract

A presentation of a quantitative-theoretical model that can account for much of the behavior of the stock of public capital in the U.S. economy over the last 70 years, with an application to examining some possible causes of the slowdown in the growth of U.S. labor productivity.

Suggested Citation

  • Steven P. Cassou & Kevin J. Lansing, 1995. "Optimal fiscal policy, public capital, and the productivity slowdown," Working Papers (Old Series) 9509, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9509
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