Keeping up with the Joneses and the consumption response to government spending

DOI10.1016/j.econlet.2022.110869zbMath1501.91091OpenAlexW4297370968MaRDI QIDQ2096218

Kevin X. D. Huang, Fengqi Liu, Jianpo Xue, Qinglai Meng

Publication date: 16 November 2022

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2022.110869

zbMATH Keywords

government spendingkeeping up with the Jonesesprivate consumption

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42)

Cites Work

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• Increasing returns, capital utilization, and the effects of government spending
• Can government spending increase private consumption? the role of complementarity
• Can fiscal spending stimulate private consumption?
• Externality in labor supply and government spending
• Keeping up with the Joneses: who loses out?
• Deep Habits
• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

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