EconPapers    
Economics at your fingertips  
 

Fiscal Trends in Real Economic Aggregates

Shaghil Ahmed and Byung Sam Yoo

Journal of Money, Credit and Banking, 1995, vol. 27, issue 4, 985-1001

Abstract: Using cointegration analysis, the authors examine long-term interactions between fiscal variables and the consumption-output and leisure-labor ratios. The motivation is to test if fiscal trends are an independent source of stochastic trends underlying the long-run behavior of real economic aggregates. The authors' results support the presence of fiscal trends and can be interpreted quite well in terms of the equilibrium approach to fiscal policy. They suggest that neoclassical growth models that embed fiscal trends and distinguish between components of government purchases are more consistent with the data than simple real-business-cycle models. Copyright 1995 by Ohio State University Press.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://links.jstor.org/sici?sici=0022-2879%2819951 ... 0.CO%3B2-S&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: Fiscal Trends in Real Economic Aggregates (1993)
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:mcb:jmoncb:v:27:y:1995:i:4:p:985-1001

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

 
Page updated 2025-03-19
Handle: RePEc:mcb:jmoncb:v:27:y:1995:i:4:p:985-1001