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Rethinking the Relation between Government Spending and Economic Growth: A Composition Approach to Fiscal Policy Instruction for Principles Students

机译:对政府支出与经济增长之间关系的重新思考:面向原理学生的财政政策指导的组合方法

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摘要

Standard introductory textbook authors assert that an increase in government spending expands aggregate demand in the short run but also raises the interest rate and, thus, crowds out private investment in the long run. Because the decrease in investment
机译:标准入门教材的作者断言,政府支出的增加在短期内会扩大总需求,但同时也会提高利率,因此从长远来看会挤出私人投资。因为投资减少

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