Hatzinikolaou, Dimitris - In: Journal of Reviews on Global Economics 2 (2013), pp. 117-122
The paper proposes a new approach to testing the potency of government purchases to stimulate the economy by testing a … and of government purchases are 1 and -1. The last restriction is also implied by the hypothesis that consumption and … government purchases are perfect substitutes, however, so the proposed approach cannot distinguish between the perfect …