Series: IMF Working Papers
Author(s): Susan Yang , Todd Walker , and Eric Leeper
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: government investment, implementation delays, DGSE Bayesian Estimation, government spending, fiscal adjustments, tax rates,
Effects of government investment are studied in an estimated neoclassical growth model. The analysis focuses on two dimensions that are critical for understanding government investment as a fiscal stimulus: impleme...