Public investment, time to build, and the zero lower bound

We study the effectiveness of public investment in stimulating an economy stuck in a liquidity trap. We do so in the context of a tractable new-Keynesian economy in which a fraction of government spending increases the stock of public capital subject to a time-to-build constraint. Public investment...

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Bibliographic details
Volume: 23
Main Author: Bouakez, H
Guillard, Michel
Roulleau-Pasdeloup, J
Format: Journal Article
Language: English
Place of publication: Elsevier 2017
published in: Review of Economic Dynamics Vol. 23; pp. 60 - 79
Data of publication: 2017
ISSN: 1094-2025
EISSN: 1096-0929
Discipline: Medicine
Public Health
Pharmacy, Therapeutics, & Pharmacology
Online Access: Fulltext
Database: Hyper Article en Ligne (HAL)
HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société
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