01798cas a2200265 a 4500 AALejournalIMF006775 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208944 1018-5941 BD-DhAAL BD-DhAAL Yang, Susan. Government Investment and Fiscal Stimulus / Susan Yang, Todd Walker, Eric Leeper. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Effects of government investment are studied in an estimated neoclassical growth model. The analysis focuses on two dimensions that are critical for understanding government investment as a fiscal stimulus: implementation delays for building public capital and expected fiscal adjustments to deficit-financed spending. Implementation delays can produce small or even negative labor and output responses to increases in government investment in the short run. Anticipated fiscal adjustments matter both quantitatively and qualitatively for long-run growth effects. When public capital is insufficiently productive, distorting financing can make government investment contractionary at longer horizons. Mode of access: Internet Leeper, Eric. Walker, Todd. IMF Working Papers; Working Paper ; No. 2010/229 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/229/001.2010.issue-229-en.xml IMF e-Library