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Demand management: an illustrative example

  • John Bryant
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    This paper presents a simple coherent general equilibrium example in which optimal provision of a public good implies counter-cyclical government expenditure.

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    File URL: http://minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=327
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    File URL: http://minneapolisfed.org/research/sr/sr46.pdf
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    Paper provided by Federal Reserve Bank of Minneapolis in its series Staff Report with number 46.

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    Date of creation: 1979
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    Handle: RePEc:fip:fedmsr:46
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    1. Azariadis, Costas, 1975. "Implicit Contracts and Underemployment Equilibria," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1183-1202, December.
    2. John Bryant & Neil Wallace, 1979. "Monetary policy in the presence of a stochastic deficit," Staff Report 42, Federal Reserve Bank of Minneapolis.
    3. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
    4. John Bryant, 1979. "The political economy of overlapping generations," Staff Report 43, Federal Reserve Bank of Minneapolis.
    5. Sargent, Thomas J. & Wallace, Neil, 1976. "Rational expectations and the theory of economic policy," Journal of Monetary Economics, Elsevier, vol. 2(2), pages 169-183, April.
    6. Bryant, John & Wallace, Neil, 1979. "The Inefficiency of Interest-bearing National Debt," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 365-81, April.
    7. Bryant, John, 1978. "An Annotation of "Implicit Contracts and Underemployment Equilibria."," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 1159-60, December.
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