Hidden Bibliographic Details
| Other authors / contributors: | Leruth, Luc.
International Monetary Fund. Research Department.
International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1451891539
9781451891539
1281604569
9781281604569
1462396496
9781462396498
1451983468
9781451983463
9786613785251
6613785253
9781451843712
1451843712
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| Notes: | Includes bibliographical references (pages 37-38).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper constructs a general equilibrium model with monopolistically competitive firms and endogenous markups where government spending consists of both consumption and investment goods. It is shown that when markups are countercyclical, increases in the share of investment goods in aggregate government expenditure entail a trade-off between greater long- run efficiency and higher short-run volatility. Estimates based on the model, calibrated to the postwar U.S. economy, show that the effects on output, employment, and welfare can be significant.
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| Other form: | Print version: Aziz, Jahangir. Cyclical effects of the composition of government purchases. [Washington, D.C.] : International Monetary Fund, Research and Fiscal Departments, ©1997
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| Standard no.: | 10.5089/9781451891539.001
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