The Government Spending Multiplier in a (Mis)Managed Liquidity Trap

I study the impact of a government spending shock in a New Keynesian model when monetary policy is set optimally. In this framework, the economy is at the zero lower bound but expectations are well managed by the central bank. As such, the multiplier effect of government spending increases on expect...

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Bibliographic details
Volume: 50
Main Author: ROULLEAU‐PASDELOUP, JORDAN
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY 01.03.2018
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published in: Journal of money, credit and banking Vol. 50; no. 2-3; pp. 293 - 315
Data of publication: March-April 2018
ISSN: 0022-2879
1538-4616
EISSN: 1538-4616
Discipline: Economics
Business
Bibliography: I thank my coauthors for allowing me to use material from our joint work.
I thank A. Tischbirek as well as the editor and two anonymous referees for extensive comments on early versions of this manuscript. Most of the work done on this paper has been done during my postdoctoral fellowship at the University of Lausanne and I want to thank them for their kind hospitality and support. Some of the codes used in this paper are based on those written for Bouakez, Guillard, and Roulleau‐Pasdeloup
Subjects:
E62
E31
E52
E32
US
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index – 2018
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