The optimal composition of public spending in a deep recession

•We study optimal fiscal policy in a deep recession characterized by a liquidity trap.•It is optimal to increase public spending and to shift its composition to public investment.•The 2009 ARRA was insufficiently oriented towards public investment. We study optimal fiscal policy in an economy plunge...

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Bibliographic details
Volume: 114
Main Author: Bouakez, Hafedh
Guillard, Michel
Roulleau-Pasdeloup, Jordan
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: AMSTERDAM Elsevier B.V 01.10.2020
ELSEVIER
published in: Journal of monetary economics Vol. 114; pp. 334 - 349
Data of publication: October 2020
ISSN: 0304-3932
1873-1295
EISSN: 1873-1295
Discipline: Economics
Business
Subjects:
E62
E52
H54
E4
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index – 2020
Web of Knowledge
Web of Science
CrossRef
Gale General OneFile (A&I only)
Academic OneFile (A&I only)
Database information Databases - DBIS