Optimal fiscal policy when public capital is productive: a business- cycle perspective

Kevin Lansing

No 9406, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An examination of the business cycle implications of productive public capital in a two-sector, dynamic general-equilibrium model with optimal fiscal policy. In simulations, public investment and public consumption move procyclically, and the capital tax is more variable than the labor tax--features also observed in annual U.S. data.

Keywords: Capital; Fiscal policy (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://fraser.stlouisfed.org/scribd/?item_id=4946 ... 4-06.pdf#scribd-open Full text (application/pdf)

Related works:
Working Paper: Optimal fiscal policy when public capital is productive: a business cycle perspective (1995)
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:fip:fedcwp:9406

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers (Old Series) from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().