Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2009
neoclassical growth models. Because implementation delays affect short-run dynamics in a
similar manner across various financing … percent deviation from the steady state level.
Implementation delays alter the short-run dynamics substantially, especially …, consumption, labor, and output differ qualitatively in their short-run dynamics. As in
GOVERNMENT INVESTMENT AND FISCAL STIMULUS …