Ambler, Steve; Cardia, Emanuela - Centre de Recherche sur l'Emploi et les Fluctuations … - 1996
We build a model of optimal time-consistent public spending in a dynamic general equilibrium model of the business cycle. We analyze the welfare properties of optimal public spending and characterize the optimal response of spending to exogenous economic shocks. <P> Nous analysons les dépenses...</p>