Showing 1 - 10 of 384
of the fiscal multipliers, and the distributional consequences of fiscal shocks. While the output and consumption …
Persistent link: https://www.econbiz.de/10011927002
Persistent link: https://www.econbiz.de/10011708651
We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence give rise to persistent liquidity trap episodes. There is no straightforward recipe for enhancing welfare in this economy. Raising the inflation target or appointing an...
Persistent link: https://www.econbiz.de/10012181947
Persistent link: https://www.econbiz.de/10014284271
Persistent link: https://www.econbiz.de/10003314543
Persistent link: https://www.econbiz.de/10011286155
Persistent link: https://www.econbiz.de/10010431722
Persistent link: https://www.econbiz.de/10010431740
Persistent link: https://www.econbiz.de/10003275261