The composition of government spending and the multiplier at the zero lower bound

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. •We use a New Keynesian model to investigate the government spendi...

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Bibliographic details
Volume: 122
Main Author: Albertini, Julien
Poirier, Arthur
Roulleau-Pasdeloup, Jordan
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: LAUSANNE Elsevier B.V 01.01.2014
ELSEVIER SCIENCE SA
Elsevier
published in: Economics letters Vol. 122; no. 1; pp. 31 - 35
Data of publication: January 2014
ISSN: 0165-1765
1873-7374
EISSN: 1873-7374
Discipline: Economics
Subjects:
E62
E31
E52
E32
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2014
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