E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T22:15:16+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 2003EE3E32E6E62The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework
https://www.bankofcanada.ca/2003/04/working-paper-2003-12/
The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within imperfectly competitive goods and labour markets. They show that the predictions of the NNS framework generally are consistent with the sign, timing, and magnitude of how hours worked, after-tax real wages, and output actually respond to an upsurge in military purchases.2003-04-01T16:37:55+00:00enThe Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework2003-04-01Business fluctuations and cyclesEconomic modelsFiscal policyWorking Paper 2003-12 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-12.pdfThe Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis FrameworkAlain PaquetLouis PhaneufNooman RebeiApril 2003EE3E32E6E62HH2