Monthly Archive for February, 2010

Updated version of industry evidence paper

Published
by
Chris
on 03 Feb 2010
in academic and research
. 0 Comments

We have updated our working paper, “Industry Evidence on the Effects of Government Spending.” Using a slightly different instrument for government demand, we now find that an increase in government demand raises output and hours but lowers real product wages and productivity, consistent with the neoclassical model of government spending.