An edition of Does neoclassical theory account for the effects of big fiscal shocks? (2003)

Does neoclassical theory account for the effects of big fiscal shocks?

evidence from World War II

by

  • 0 Ratings
  • 0 Want to read
  • 0 Currently reading
  • 0 Have read
Does neoclassical theory account for the effe ...
Ellen R. McGrattan
Not in Library

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today
Notes
  • 0 Ratings
  • 0 Want to read
  • 0 Currently reading
  • 0 Have read
Notes

Buy this book

Last edited by MARC Bot
December 11, 2020 | History
Edit
An edition of Does neoclassical theory account for the effects of big fiscal shocks? (2003)

Does neoclassical theory account for the effects of big fiscal shocks?

evidence from World War II

by

  • 0 Ratings
  • 0 Want to read
  • 0 Currently reading
  • 0 Have read

"Some economists argue that the neoclassical growth model cannot account for the macroeconomic effects of big fiscal shocks. This paper reassesses this view. We test the theory using data from World War II, which is by far the largest fiscal shock in the history of the United States. We take observed changes in fiscal policy during the war as inputs into a parameterized, dynamic general equilibrium model and compare the values of all variables in the model to the actual values of these variables in the data. Our main finding is that the theory quantitatively accounts for macroeconomic activity during this big fiscal shock"--Federal Reserve Bank of Minneapolis web site.

Publish Date
Publisher
Federal Reserve Bank of Minneapolis
Language
English

Buy this book

Subjects
Economic aspects of World War, 1939-1945, Finance, Fiscal policy, History, Neoclassical school of economics, World War, 1939-1945
Places
United States
Times
20th century

Showing 2 featured editions. View all 2 editions?

Edition Availability
Cover of: Does neoclassical theory account for the effects of big fiscal shocks?
Does neoclassical theory account for the effects of big fiscal shocks?: evidence from World War II
2006, National Bureau of Economic Research
in English
Libraries near you: WorldCat
Cover of: Does neoclassical theory account for the effects of big fiscal shocks?
Does neoclassical theory account for the effects of big fiscal shocks?: evidence from World War II
2003, Federal Reserve Bank of Minneapolis
Electronic resource in English
  • Not in Library

Add another edition?

Book Details

Edition Notes

Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/17/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
[Minneapolis, Minn.]
Series
Federal Reserve Bank of Minneapolis, Research Department staff report ;, 315, Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;, 315.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3389978M
LCCN
2004616754

Source records

Library of Congress MARC record

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

Lists

This work does not appear on any lists.

History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 11, 2020 Edited by MARC Bot import existing book
July 29, 2012 Edited by VacuumBot Updated format '[electronic resource] :' to 'Electronic resource'
December 12, 2009 Edited by WorkBot link works
October 31, 2008 Edited by ImportBot add URIs from original MARC record
April 1, 2008 Created by an anonymous user Imported from Scriblio MARC record