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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.