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Great recession, exports crunch, and China's fiscal stimulus in a global zero lower bound environment
Garcia-Barragan, Fernando; Liu, Guangling - In: Journal of Asian economics 75 (2021), pp. 1-19
Persistent link: https://www.econbiz.de/10012803720
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The composition of government spending and the multiplier at the Zero Lower Bound
Albertini, Julien; Poirier, Arthur; Roulleau-Pasdeloup, … - 2014
We investigate the size of the multiplier at the ZLB in a New keynesian model. It ranges from around -0.25 to +1 …
Persistent link: https://www.econbiz.de/10010251637
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The government spending multiplier in a (mis-)managed liquidity trap
Roulleau-Pasdeloup, Jordan - 2016
Persistent link: https://www.econbiz.de/10011486850
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The composition of government spending and the multiplier at the zero lower bound
Albertini, Julien; Poirier, Arthur; Roulleau-Pasdeloup, … - In: Economics letters 122 (2014) 1, pp. 31-35
Persistent link: https://www.econbiz.de/10010393984
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Why are fiscal multipliers moderate even under monetary accommodation?
Bredemeier, Christian; Jüßen, Falko; Schabert, Andreas - 2021 - This version: March 23, 2021
The COVID-19 pandemic forced much of the world to adapt suddenly to severe restrictions. In this study, we attempt to quantify the impact of the pandemic on student performance in higher education. To collect data on important covariates, we conducted a survey among first-year students of...
Persistent link: https://www.econbiz.de/10012499494
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When is the Government Transfer Multiplier Large?
Giambattista, Eric - 2017
-agent New Keynesian model, this paper shows analytically that the multiplier on targeted transfers to financially constrained … households is (i) larger than the purchase multiplier if the zero lower bound (ZLB) binds, and (ii) is more sensitive to the …, such as when the zero lower bound binds, the extra inflation from lower supply boosts the multiplier. This result also …
Persistent link: https://www.econbiz.de/10012245731
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How can the government spending multiplier be small at the zero lower bound?
Ercolani, Valerio; Azevedo, João Valle e - 2018
Persistent link: https://www.econbiz.de/10011946024
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Determinants of fiscal multipliers revisited
Horváth, Roman; Kaszab, Lorant; Marsal, Ales; … - 2019
We generalize a simple New Keynesian model and show that a flattening of the Phillips curve reduces the size of fiscal multipliers at the zero lower bound (ZLB) on the nominal interest rate. The factors behind the flatting are consistent with micro- and macroeconomic empirical evidence: it is a...
Persistent link: https://www.econbiz.de/10012111527
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When is the government transfer multiplier large?
Giambattista, Eric; Pennings, Steven - In: European economic review : EER 100 (2017), pp. 525-543
Persistent link: https://www.econbiz.de/10011921549
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The government spending multiplier at the zero lower bound : evidence from the United States
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel - 2020
We estimate state-dependent government spending multipliers for the United States. We use a Factor-Augmented Interacted Vector Autoregression (FAIVAR) model. This allows us to capture the time-varying monetary policy characteristics including the recent zero interest rate lower bound (ZLB)...
Persistent link: https://www.econbiz.de/10012209159