EconPapers    
Economics at your fingertips  
 

Finite Horizons, Intertemporal Substitution, and Fiscal Policy

David Aschauer ()

Public Finance Review, 1990, vol. 18, issue 1, 77-91

Abstract: This article synthesizes two strands of current macroeconomic research in fiscal policy by allowing for finite lifetimes in an intertemporal substitution model. Among other things, the article establishes that in such a model, public debt issuance is contractionary with respect to current output, a conclusion in strong contrast with conventional macroeconomic analysis.

Date: 1990
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://pfr.sagepub.com/content/18/1/77.abstract (text/html)

Related works:
Working Paper: Finite horizons, intertemporal substitution and fiscal policy (1987)
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:sae:pubfin:v:18:y:1990:i:1:p:77-91

Access Statistics for this article

More articles in Public Finance Review
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2018-04-14
Handle: RePEc:sae:pubfin:v:18:y:1990:i:1:p:77-91