A Fiscal Stimulus and Jobless Recovery

WP/13/17

Nopic
We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment both at the intensive as well as the extensive... READ MORE...

Publication date: January 2013
ISBN 9781475595338
$18.00

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Publication date: January 2013

English