Theoretical Economics Letters

Volume 4, Issue 9 (December 2014)

ISSN Print: 2162-2078   ISSN Online: 2162-2086

Google-based Impact Factor: 1.19  Citations  h5-index & Ranking

Simple Calculus of Resolving the Fiscal Policy Puzzle: The Role of Human Capital

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DOI: 10.4236/tel.2014.49093    3,348 Downloads   4,090 Views  
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ABSTRACT

This paper investigates how much externality of human capital a la on-the-job training resolves the fiscal policy puzzle that is consistent with the empirical evidences which obtain the positive response of consumption and wage to increase of fiscal spending in general equilibrium model.

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Hiraga, K. (2014) Simple Calculus of Resolving the Fiscal Policy Puzzle: The Role of Human Capital. Theoretical Economics Letters, 4, 739-742. doi: 10.4236/tel.2014.49093.

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