The composition of government spending and the multiplier at the zero lower bound

被引：14
|
作者：
Albertini, Julien [1 ]
Poirier, Arthur [2 ]
Roulleau-Pasdeloup, Jordan [3 ]
机构：
[1] Univ Berlin, Inst Econ Theory 2, D-10178 Berlin, Germany
[2] Univ Evry Val dEssonne, TEPP, EPEE, F-91025 Evry, France
[3] PSE, CREST, F-92245 Malakoff, France
来源：
ECONOMICS LETTERS | 2014年 / 122卷 / 01期
关键词：
Zero lower bound; New Keynesian; Government spending multiplier;
D O I：
10.1016/j.econlet.2013.10.021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the size of the multiplier at the ZLB in a New Keynesian model. It ranges from around -0.25 to +1.5, depending on the extent to which the government spending is productive, substitutable or not for private consumption. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：31 / 35
页数：5
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