Farmer, Roger E. A.; Plotnikov, Dmitry - In: Macroeconomic Dynamics 16 (2012) S1, pp. 149-166
This paper uses the old Keynesian representative agent model developed by Roger E. A. Farmer [<italic>Expectations, Employment and Prices</italic>. New York: Oxford University Press (2010)] to answer two questions: (1) Do increased government purchases crowd out private consumption? (2) Do increased government...
