| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966536 | Journal of Monetary Economics | 2013 | 15 Pages |
Abstract
⺠Government investment in public capital forecasts high risk premiums. ⺠Result is in contrast with negative link between private investment and risk premiums. ⺠Propose a neoclassical investment-based model augmented with public capital. ⺠Model matches the data if public capital increases productivity of private inputs.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Frederico Belo, Jianfeng Yu,