The Resource Does government spending crowd in private consumption? : theory and empirical evidence for the Euro area, Günter Coenen and Roland Straub

Does government spending crowd in private consumption? : theory and empirical evidence for the Euro area, Günter Coenen and Roland Straub

Label
Does government spending crowd in private consumption? : theory and empirical evidence for the Euro area
Title
Does government spending crowd in private consumption?
Title remainder
theory and empirical evidence for the Euro area
Statement of responsibility
Günter Coenen and Roland Straub
Creator
Contributor
Author
Subject
Language
eng
Summary
In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general conducive to raising the level of consumption in response to government spending shocks when compared with the benchmark specification without non-Ricardian households. However, we find that there is only a fairly small chance that government spending shocks crowd in consumption, mainly because the estimated share of non-Ricardian households is relatively low, but also because of the large negative wealth effect induced by the highly persistent nature of government spending shocks
Member of
Cataloging source
E7B
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HC240.9.C6
LC item number
C64 2005eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/05/159
Label
Does government spending crowd in private consumption? : theory and empirical evidence for the Euro area, Günter Coenen and Roland Straub
Publication
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn698585296
Dimensions
unknown
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781451907148
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b3715770x
Specific material designation
remote
System control number
  • (OCoLC)698585296
  • imf1283515814

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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