Government investment and fiscal stimulus

Journal of Monetary Economics

Volumn 57, Issue 8, 2010, Pages 1000-1012

  Leeper, Eric M ^a   Walker, Todd B ^a   Yang, Shu Chun S ^b  

^a INDIANA UNIVERSITY   (United States)

^b INTERNATIONAL MONETARY FUND   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 78649823562     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2010.09.002     Document Type: Article

References (40)

1. An S., Schorfheide F. Bayesian analysis of dsge models. Econometric Reviews 2007, 26(2-4):113-172.
2. Aschauer D.A. Does public capital crowd out private capital?. Journal of Monetary Economics 1989, 24(2(September)):171-188.
3. Barro R.J. The neoclassical approach to fiscal policy. Modern Business Cycle Theory 1989, 178-235. Harvard University Press, Cambridge, MA. R.J. Barro (Ed.).
4. Barro R.J. Government spending in a simple model of endogenous growth. Journal of Political Economy 1990, 98(5, Part 2):S103-S125.
5. Barro, R.J., Redlick, C.J., 2009. Macroeconomic effects from government purchases and taxes. NBER Working Paper No. 15369.
6. Baxter M., King R.G. Fiscal policy in general equilibrium. American Economic Review 1993, 83(3):315-334.
7. Blanchard O.J., Perotti R. An empirical characterization of the dynamic effects of changes in government spending and taxes on output. Quarterly Journal of Economics 2002, 117(4):1329-1368.
8. Calmes, J., 2009. Obama planning to slash deficit, despite stimulus spending. The New York Times, February 21, p. A1.
9. Christiano L.J., Eichenbaum M., Evans C.L. Nominal rigidities and the dynamic effects of a shock to monetary policy. Journal of Political Economy 2005, 113(1):1-45.
10. Christiano, L.J., Eichenbaum, M., Rebelo, S., 2009. When is the government spending multiplier large? Manuscript. Northwestern University.
11. Cogan J.F., Cwik T., Taylor J.B., Wieland V. New keynesian versus old keynesian government spending multipliers. Journal of Economic Dynamics and Control 2010, 34(3):281-295.
12. Congressional Budget Office, 2008. Options for Responding to Short-Term Economic Weakness. vol. January. Washington, DC.
13. Congressional Budget Office, 2009. Estimated Macroeconomic Impacts of the American Recovery and Reinvestment Act of 2009. Washington, DC.
14. Congressional Budget Office, 2010a. The Budget and Economic Outlook: Fiscal Years 2010 to 2020. Washington, DC.
15. Congressional Budget Office, 2010b. The Long-Term Budget Outlook. Washington, DC.
16. Congressional Budget Office, 2010c. Policies for Increasing Economic Growth and Employment in 2010 and 2011. Washington, DC.
17. Davig, T., Leeper, E.M., Forthcoming. Monetary-fiscal policy interactions and fiscal stimulus. European Economic Review, doi:. http://10.1016/j.euroecorev.2010.04.004.
18. Denes, M., Eggertsson, G.B., November 2009. A Bayesian approach to estimating tax and spending multipliers. Federal Reserve Bank of New York Staff Reports No. 403.
19. Evans P., Karras G. Are government activities productive? Evidence from a panel of U.S. states. Review of Economic and Statistics 1994, 76(1):1-11.
20. Forni L., Monteforte L., Sessa L. The general equilibrium effects of fiscal policy: estimates for the euro area. Journal of Public Economics 2009, 93(3-4):559-585.
21. Glomm G., Ravikumar B. Productive government expenditures and long-run growth. Journal of Economic Dynamics and Control 1997, 21:183-204.
22. Hall, R.E., 2009. By how much does gdp rise if the government buys more output? Manuscript. Stanford University.
23. Holtz-Eakin D. Public-sector capital and the productivity puzzle. Review of Economic and Statistics 1994, 76(1):12-21.
24. House C.L., Shapiro M.D. Phased-in tax cuts and economic activity. American Economic Review 2006, 96(5):1835-1849.
25. Kamps C. The Dynamic Macroeconomic Effects of Public Capital 2004, Springer, Berlin, Germany.
26. Kydland F., Prescott E.C. Time to build and aggregate fluctuations. Econometrica 1982, 50:1345-1370.
27. Leeper E.M., Plante M., Traum N. Dynamics of fiscal financing in the United States. Journal of Econometrics 2010, 156(2):304-321.
28. Leeper, E.M., Walker, T.B., Yang, S.-C.S., January 2009a. Fiscal foresight and information flows. NBER Working Paper No. 14630.
29. Leeper, E.M., Walker, T.B., Yang, S.-C.S., 2009b. Government investment and fiscal stimulus in the short and long runs. NBER Working Paper No. 15153.
30. Mountford A., Uhlig H. What are the effects of fiscal policy shocks?. Journal of Applied Econometrics 2009, 24(6):960-992.
31. Nadiri M.I., Mamuneas T.P. The effects of public infrastructure and r & d capital on the cost structure and performance of us manufacturing industries. Review of Economic and Statistics 1994, 76(1):22-37.
32. Ramey, V.A., 2009. Identifying government spending shocks: It's all in the timing. NBER Working Paper No. 15464.
33. Ramey V.A., Shapiro M.D. Costly Capital Reallocation and the Effects of Government Spending. Carnegie-Rochester Conference Series on Public Policy 1998, vol. 48. North-Holland, (pp. 145-194).
34. Romer, C.D., Bernstein, J., 2009. The Job Impact of the American Recovery and Reinvestment Plan.
35. Schmitt-Grohe, S., Uribe, M., 2010. What's news in business cycles? NBER Working Paper No. 14215.
36. Sims C.A. Solving linear rational expectations models. Journal of Computational Economics 2001, 20(1-2):1-20.
37. Traum, N., Yang, S.-C.S., 2010. When does government debt crowd out investment? Congressional Budget Office Working Paper 2010-02.
38. Uhlig H. Some fiscal calculus. The American Economic Review: Papers and Proceedings 2010, 100(2):30-34.
39. Yang S.-C.S. Quantifying tax effects under policy foresight. Journal of Monetary Economics 2005, 52(8):1557-1568.
40. Zubairy, S., 2009. On fiscal multipliers: estimates from a medium scale dsge model. Manuscript, Duke University.