Cox, Lydia; Müller, Gernot J.; Pasten, Ernesto; … - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this …, government spending is granular, that is, it is concentrated in relatively few firms and sectors. Second, relative to private … fluctuation of spending. Last, government spending is concentrated in sectors with relatively sticky prices. Accounting for these …