On the Efficacy of Fiscal Policy

Jürgen Eichberger

Annals of Economics and Statistics, 1986, issue 3, 151-168

Abstract: This paper shows in a model of an economy with goods, labour, bond and money market where prices and wages are fixed but the interest rate is flexible that even in a Keynesian unemployment state an increase in government expenditure will not necessarily increase employment, if production takes time. The robustness of this proposition in regard to expectational assumptions is studied, too.

Date: 1986
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/20075620 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1986:i:3:p:151-168

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().