Government size and macroeconomic stability: A comment
نویسندگان
چکیده
منابع مشابه
Macroeconomic Effects from Government Purchases and Taxes*
For U.S. annual data that include WWII, the estimated multiplier for defense spending is 0.6-0.7 at the median unemployment rate (while holding fixed average marginal income-tax rates). There is some evidence that the spending multiplier rises with the extent of economic slack and reaches 1.0 when the unemployment rate is around 12%. We cannot estimate reliable multipliers for non-defense purch...
متن کاملThe Relationship between Government Size and Happiness
Introduction: Although the use of the happiness economy approach does not have much history, since policy makers generally make decisions in the direction of increasing well-being and public satisfaction, it becomes important to quantify the concept of mental well-being and examine the factors affecting it in order to improve happiness in society. Methods: The purpose of this research is to in...
متن کاملMacroeconomic Conditions , Health and Government Policy
This paper was delivered at a National Poverty Center conference. Any opinions, findings, conclusions, or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the view of the National Poverty Center or any sponsoring agency.
متن کاملThe Relationship between Government Size and Happiness
Introduction: Although the use of the happiness economy approach does not have much history, since policy makers generally make decisions in the direction of increasing well-being and public satisfaction, it becomes important to quantify the concept of mental well-being and examine the factors affecting it in order to improve happiness in society. Methods: The purpose of this research is to in...
متن کاملUseful Government Spending and Macroeconomic (In)stability under Balanced-Budget Rules∗
It has been shown that an otherwise standard one-sector real business cycle model may exhibit indeterminacy and sunspots under a balanced-budget rule that consists of fixed and wasteful government spending and proportional income taxation. However, the economy always displays saddle-path stability and equilibrium uniqueness if the government finances endogenous public expenditures with a consta...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: European Economic Review
سال: 2006
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2005.03.007