E62 - Fiscal Policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:36:03+00:00Why Does Private Consumption Rise After a Government Spending Shock?
https://www.bankofcanada.ca/2003/12/working-paper-2003-43/
Recent empirical evidence suggests that private consumption is crowded-in by government spending. This outcome violates existing macroeconomic theory, according to which the negative wealth effect brought about by a rise in public expenditure should decrease consumption.2003-12-07T16:25:17+00:00enWhy Does Private Consumption Rise After a Government Spending Shock?2003-12-07Business fluctuations and cyclesEconomic modelsFiscal policyWorking Paper 2003-43 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-43.pdfWhy Does Private Consumption Rise After a Government Spending Shock?Hafedh BouakezNooman RebeiDecember 2003EE3E32E6E62