政府购买与实际利率by Mankiw

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Government Purchases and Real Interest Rates

Abstract:      
This paper examines the dynamic impact of government purchases in a simple general equilibrium model with both durable and non-durable consumer goods as well as productive capital. The model generates perhaps surprising results. In particular, increases in government purchases are shown to cause reductions in real interest rates. The model thus provides a possible explanation for the observed behavior of real interest rates around wars.

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关键词：Mankiw 实际利率 Man equilibrium Explanation 利率 政府 Mankiw

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