Fiscal policy, profits and investment: some additional evidence
This article provides time series evidence on the effects of fiscal policy on profits and investment in the US. In addition to neoclassical models of investment and profits we also consider Keynesian models. Our findings provide some support for the neoclassical views. However, Keynesian explanations, which allow for the effects of the real interest rate, receive strong support from the data.
Year of publication: |
2008
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Authors: | Atesoglu, H. Sonmez ; Emerson, Jamie |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 15.2008, 13, p. 1047-1051
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Publisher: |
Taylor & Francis Journals |
Saved in:
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