文章基本信息

标题：Government Policy and Aggregate Fluctuations
本地全文：下载
作者：Ellen R. McGrattan
期刊名称：Revista de Análisis Económico (RAE)
印刷版ISSN：0716-5927
电子版ISSN：0718-8870
出版年度：2010
卷号：6
期号：2
页码：21-36
语种：English
出版社：ILADES & Universidad Alberto Hurtado
摘要：This paper investigates the effect of including fiscal and monetary variables in a simple real business cycle model. The starting point is the stochastic growth model with fuctuations driven by technological shocks. The growth model is first extended to include government spending and taxes on factors of production. A second extension imposes a cash-in-advance constraint on purchases of consumption goods. For the three models, equilibrium decision functions and predictions for second moments are compared.