Ambler, Steve; Phaneuf, Louis; Girard, Eric - Centre de Recherche sur l'Emploi et les Fluctuations … - 1993
We analyze a stochastic general equilibrium model which incorporates three different types of government expenditure. We calibrate the model and simulate it under the hypotheses of divisible and indivisible labor supply. Our results indicate that the addition of government expenditure shocks to...