Optimal fiscal policy, public capital, and the productivity slowdown

A presentation of a quantitative-theoretical model that can account for much of the behavior of the stock of public capital in the U.S. economy over the last 70 years, with an application to examining some possible causes of the slowdown in the growth of U.S. labor productivity.

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Year of publication:	1995
Authors:	Cassou, Steven P. ; Lansing, Kevin J.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Capital \| Fiscal policy \| Labor productivity

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9509
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428349