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48 pages • missing pub info (editions)
ISBN/UID: 9781288728503
Format: Paperback
Language: English
Publisher: Bibliogov
Publication date: 08 February 2013
Description
Recent evidence on the effect of government spending shocks on consumption cannot be easily reconciled with existing optimizing business cycle models. We extend the standard New Keynesian model to allow for the presence of rule-of-thumb (non-Ricar...
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48 pages • missing pub info (editions)
ISBN/UID: 9781288728503
Format: Paperback
Language: English
Publisher: Bibliogov
Publication date: 08 February 2013
Description
Recent evidence on the effect of government spending shocks on consumption cannot be easily reconciled with existing optimizing business cycle models. We extend the standard New Keynesian model to allow for the presence of rule-of-thumb (non-Ricar...