The changing structure of Government consumption spending

We document a secular change in the structure of government consumption spending: Over time the government purchases relatively more private-sector goods, and relies less on its own production of value added. This process alters the transmission of fiscal policy, by dampening the response of hours,...

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Detalhes bibliográficos
Autores: Moro, Alessio, Rachedi, Omar
Formato: artículo
Fecha de publicación:2022
País:España
Recursos:Universitat Ramon Llull (URL)
Repositorio:DAU Arxiu Digital de la Universitat Ramon Llull
OAI Identifier:oai:dau.url.edu:20.500.14342/5043
Acesso em linha:http://hdl.handle.net/20.500.14342/5043
http://doi.org/10.1111/iere.12568
Access Level:acceso abierto
Palavra-chave:Government consumption spending
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spelling The changing structure of Government consumption spendingMoro, AlessioRachedi, OmarGovernment consumption spendingWe document a secular change in the structure of government consumption spending: Over time the government purchases relatively more private-sector goods, and relies less on its own production of value added. This process alters the transmission of fiscal policy, by dampening the response of hours, public value added, and the labor share to government spending shocks, while leaving the response of total output unchanged. We rationalize these facts in a general equilibrium model where a decline of the public-sector relative productivity drives the changing structure of government spending, which in turn modifies the transmission mechanism of government spending shocks.info:eu-repo/semantics/publishedVersionWiley-Blackwell Publishing LtdUniversitat Ramon Llull. Esade202520252022info:eu-repo/semantics/article31 p.application/pdfhttp://hdl.handle.net/20.500.14342/5043http://doi.org/10.1111/iere.12568reponame:DAU Arxiu Digital de la Universitat Ramon Llullinstname:Universitat Ramon Llull (URL)InglésInternational Economic Review© L'autor/aAttribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:dau.url.edu:20.500.14342/50432026-06-21T06:40:37Z
dc.title.none.fl_str_mv The changing structure of Government consumption spending
title The changing structure of Government consumption spending
spellingShingle The changing structure of Government consumption spending
Moro, Alessio
Government consumption spending
title_short The changing structure of Government consumption spending
title_full The changing structure of Government consumption spending
title_fullStr The changing structure of Government consumption spending
title_full_unstemmed The changing structure of Government consumption spending
title_sort The changing structure of Government consumption spending
dc.creator.none.fl_str_mv Moro, Alessio
Rachedi, Omar
author Moro, Alessio
author_facet Moro, Alessio
Rachedi, Omar
author_role author
author2 Rachedi, Omar
author2_role author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. Esade
dc.subject.none.fl_str_mv Government consumption spending
topic Government consumption spending
description We document a secular change in the structure of government consumption spending: Over time the government purchases relatively more private-sector goods, and relies less on its own production of value added. This process alters the transmission of fiscal policy, by dampening the response of hours, public value added, and the labor share to government spending shocks, while leaving the response of total output unchanged. We rationalize these facts in a general equilibrium model where a decline of the public-sector relative productivity drives the changing structure of government spending, which in turn modifies the transmission mechanism of government spending shocks.
publishDate 2022
dc.date.none.fl_str_mv 2022
2025
2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.14342/5043
http://doi.org/10.1111/iere.12568
url http://hdl.handle.net/20.500.14342/5043
http://doi.org/10.1111/iere.12568
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv International Economic Review
dc.rights.none.fl_str_mv © L'autor/a
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © L'autor/a
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 31 p.
application/pdf
dc.publisher.none.fl_str_mv Wiley-Blackwell Publishing Ltd
publisher.none.fl_str_mv Wiley-Blackwell Publishing Ltd
dc.source.none.fl_str_mv reponame:DAU Arxiu Digital de la Universitat Ramon Llull
instname:Universitat Ramon Llull (URL)
instname_str Universitat Ramon Llull (URL)
reponame_str DAU Arxiu Digital de la Universitat Ramon Llull
collection DAU Arxiu Digital de la Universitat Ramon Llull
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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