Does Government Spending Crowd In Private Consumption? Theory and Empirical Evidence for the Euro Area

Does Government Spending Crowd In Private Consumption? Theory and Empirical Evidence for the Euro Area
In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general conducive to raising the level of consumption in... READ MORE...

Publication date: August 2005
ISBN 9781451861785
$15.00

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