Externality in labor supply and government spending

被引：3

作者：

Feve, Patrick ^{[1
]}

Matheron, Julien

Sahuc, Jean-Guillaume ^{[2
]}

机构：

[1] Toulouse Sch Econ GREMAQ IDEI & IUF, F-31000 Toulouse, France

[2] EDHEC Business Sch, Nice, France

来源：

ECONOMICS LETTERS | 2011年 / 112卷 / 03期

关键词：

Externality; Labor supply; Government spending multiplier; Government size; SIZE;

D O I：

10.1016/j.econlet.2011.05.013

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Standard business cycle models face difficulties generating (i) government spending multipliers exceeding unity and (ii) stabilizing effects of government size. Using a simple model with externality in labor supply, we show that a sufficient degree of complementarity between aggregate and private labor supplies is key to reproducing these stylized facts. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：273 / 276

页数：4

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