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has been cited by the following article:

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

  AUTHORS: Kazuki Hiraga

  KEYWORDS: Fiscal Policy Puzzle, Human Capital, General Equilibrium Model

  JOURNAL NAME: Theoretical Economics Letters, Vol.4 No.9, November 21, 2014

  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.