A fiscal stimulus and jobless recovery /
We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment both...
[Washington, D.C.] :
International Monetary Fund,
|Series:||IMF working paper ;
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