Nonseparable Preferences, Fiscal Policy Puzzles, and Inferior Goods

Détails

ID Serval
serval:BIB_5638C71E8A16
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Nonseparable Preferences, Fiscal Policy Puzzles, and Inferior Goods
Périodique
Journal of Money, Credit and Banking
Auteur⸱e⸱s
BILBIIE F.O.
ISSN
0022-2879
1538-4616
Statut éditorial
Publié
Date de publication
03/2009
Peer-reviewed
Oui
Volume
41
Numéro
2-3
Pages
443-450
Langue
anglais
Résumé
Nonseparable preferences over consumption and leisure can generate an increase in private consumption in response to government spending, as found in the data, in a frictionless business cycle model. However, the conditions on preferences required for these result to obtain hold if and only if the consumption good is inferior. Similarly, positive co‐movement of consumption and hours worked occurs if and only if either consumption or leisure is inferior.
Mots-clé
non-separable preferences, fiscal policy, government spend- ing, private consumption, inferior goods.
Web of science
Création de la notice
01/11/2018 9:57
Dernière modification de la notice
20/08/2019 15:10
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