Davig, Troy; Leeper, Eric M. - 2009
CAEPR Working Paper
#010-2009
MONETARY-FISCAL POLICY INTERACTIONS
AND FISCAL STIMULUS
TROY … FISCAL STIMULUS
TROY DAVIG AND ERIC M. LEEPER
Abstract. Increases in government spending trigger substitution effects … response to an increase in government spending is the linchpin in the
transmission mechanism for fiscal stimulus: economic …