Government spending and the Great Recession

Autor:	H. Sonmez Atesoglu
Rok vydání:	2013
Předmět:	Government spending Economics and Econometrics Full employment media_common.quotation_subject Keynesian economics Automatic stabilizer Monetary economics Quarter (United States coin) Recession Government revenue Economics Empirical evidence Global recession media_common
Zdroj:	Journal of Post Keynesian Economics. 35:529-536
ISSN:	0160-3477
DOI:	10.2753/pke0160-3477350402
Popis:	In this paper government spending during the Great Recession is examined. A measure of full-employment government spending was estimated by representing the economy with a Keynesian model. The empirical evidence reveals that government spending has been systematically below its full-employment level during the Great Recession and through 2012. Rather than a runaway expansion in government spending, findings indicate a government spending shortfall from the first quarter of 2008 through the first quarter of 2012.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2637f205bbb0ad95c601dd8f6d4cd699 https://doi.org/10.2753/pke0160-3477350402 Zobrazit plný text záznamu Plný text ve formátu PDF