Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full … such that future profits are high enough to generate entry. However, consumption falls for conventional parameter values …

spreads for 26 emerging and advanced economies and estimate the effects of cuts of government consumption on yield spreads and …

We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …