Understanding the Effects of a Shock to Government Purchases

Wendy Edelberg, Martin Eichenbaum, Jonas D.M. Fisher

This paper investigates the consequences of an exogenous increase in U.S. government purchases. We find that in response to such a shock, employment, output, and nonresidential investment rise, while real wages, residential investment, and consumption expenditures fall. The paper argues that a simple variant of the neoclassical model which distinguishes between nonresidential and residential investment is consistent with this evidence

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Year of publication:	September 1998
Authors:	Edelberg, Wendy
Other Persons:	Fisher, Jonas D.M. (contributor) ; Eichenbaum, Martin (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Theorie \| Theory \| Wirkungsanalyse \| Impact assessment \| Schock \| Shock \| Öffentlicher Auftrag \| Public contract

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w6737
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w6737 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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