Government debt, inflation dynamics and the transmission of fiscal policy shocks

We analyze the influence of the fiscal position on the transmission of government spending shocks in a New Keynesian model. We find that once we allow for positive levels of government debt in the steady state, the size of the fiscal multiplier depends strongly on the horizon at which the multiplier...

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Bibliographic details
Volume:	33
Main Author:	Mayer, Eric Rüth, Sebastian Scharler, Johann
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	AMSTERDAM Elsevier B.V 01.07.2013 ELSEVIER SCIENCE BV
published in:	Economic modelling Vol. 33; pp. 762 - 771
Data of publication:	July 2013
ISSN:	0264-9993 1873-6122
EISSN:	1873-6122
Discipline:	Economics
Subjects:	Fiscal multiplier Government debt Inflation New Keynesian model Economics Business & Economics Social Sciences Government finance Fiscal policy Inflation (Finance) Analysis E62 E31 Fiscal multiplier Government debt Inflation H63 New Keynesian model MONETARY STIMULUS MODEL
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index - 2013 Web of Science CrossRef Academic OneFile (A&I only) Database information Databases - DBIS