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Government Spending in the Income-Expenditure Model by Leonardo Rojas Rodriguez is a document available to read on EtoBox.

What is Government Spending in the Income-Expenditure Model about?

This paper aims to reconstruct the standard income-expenditure (IE) model to better account for government spending and production. It draws a distinction between government purchases of private sector output versus government production of services. This distinction has implications for output and employment multipliers. The paper also extends the model to examine the effects of a government job guarantee program, finding it can act as an automatic stabilizer. Further extending the model with Kaleckian dis

Author

Leonardo Rojas Rodriguez

Language

EN