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.

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页码：31 / 35

页数：5

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