Fiscal Policy in General Equilibrium

# Fiscal Policy in General Equilibrium > OpenAlex Metadata Hub · https://openalex.org/W1527237852 ## Bibliographic - **DOI:** — - **Year:** 1990 - **Citations:** 1393 - **Open Access:** No (closed) - **License:** — - **Source:** https://dialnet.unirioja.es/servlet/articulo?codigo=341084 ## Authors - Marianne Baxter - Robert G. King ## Abstract This paper studies four classic fiscal-policy experiments within a quantitatively restricted neoclassical model. The authors' main findings are as follows: (1) permanent changes in government purchases can lead to short-run and long-run output multipliers that exceed one; (2) permanent changes in government purchases induce larger effects than temporary changes; (3) the financing decision is quantitatively more important than the resource cost of changes in government purchases; and (4) public investment has dramatic effects on private output and investment. These findings stem from important dynamic interactions of capital and labor absent in earlier equilibrium analyses of fiscal policy. Copyright 1993 by American Economic Association. ## Keywords Economics, Fiscal policy, Investment (military), General equilibrium theory, Government (linguistics), Macroeconomics, Capital (architecture), Monetary economics, Public investment, Public capital, Government spending, Short run, Market economy, Welfare ## Concepts - Economics - Fiscal policy - Investment (military) - General equilibrium theory - Government (linguistics) - Macroeconomics - Capital (architecture) - Monetary economics - Public investment - Public capital - Government spending - Short run - Market economy - Welfare - Political science - History - Archaeology - Law - Philosophy - Politics - Linguistics --- *Metadata only — full text not imported unless Open Access license permits.*

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