NDLI: The Savers-Spenders Theory Of Fiscal Policy

Content Provider	Semantic Scholar
Author	Mankiw, N. Gregory
Copyright Year	2000
Abstract	The macroeconomic analysis of fiscal policy is usually based on one of two canonical models--the Barro-Ramsey model of infinitely-lived families or the Diamond-Samuelson model of overlapping generations. This paper argues that neither model is satisfactory and suggests an alternative. In the proposed model, some consumers plan ahead for themselves and their descendants, while others live paycheck to paycheck. This model is easier to reconcile with the essential facts about consumer behavior and wealth accumulation, and it yields some new and surprising conclusions about fiscal policy.
Starting Page	120
Ending Page	125
Page Count	6
File Format	PDF HTM / HTML
DOI	10.2139/ssrn.236429
Volume Number	90
Alternate Webpage(s)	http://qcpages.qc.cuny.edu/~redwards/GC-Econ71100/mankiw-aer00.pdf
Alternate Webpage(s)	http://post.economics.harvard.edu/hier/2000papers/HIER1888.pdf
Alternate Webpage(s)	http://post.economics.harvard.edu/faculty/mankiw/papers/aea1.pdf
Alternate Webpage(s)	http://www.economics.harvard.edu/files/faculty/40_aea1.pdf
Alternate Webpage(s)	https://doi.org/10.2139/ssrn.236429
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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