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Optimal government spending at the zero lower bound : a non-Ricardian analysis
Nakata, Taisuke - 2015 - Rev.
Persistent link: https://www.econbiz.de/10011408755
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The Euro-Area Government Spending Multiplier at the Effective Lower Bound
Amendola, Adalgiso - 2019
economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier … average multiplier is about 1 in normal times and between 1.6 and 2.8 at the ELB, depending on the specification. The … difference between the two multipliers is distributed largely away from zero. More generally, the multiplier is inversely …
Persistent link: https://www.econbiz.de/10012866218
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Optimal Government Spending at the Zero Lower Bound : A Non-Ricardian Analysis
Nakata, Taisuke - 2015
This paper analyzes the implications of distortionary taxation and debt financing for optimal government spending policy in a sticky-price economy where the nominal interest rate is subject to the zero lower bound constraint. Regardless of the type of tax available and the initial debt level,...
Persistent link: https://www.econbiz.de/10013020784
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Is Government Spending at the Zero Lower Bound Desirable?
Bilbiie, Florin - 2014
Government spending at the zero lower bound (ZLB) is not necessarily welfare enhancing, even when its output multiplier …
Persistent link: https://www.econbiz.de/10013043626
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How Can the Government Spending Multiplier Be Small at the Zero Lower Bound?
Ercolani, Valerio - 2018
Some recent empirical evidence questions the typically large size of government spending multipliers when the nominal interest rate is stuck at zero, finding output multipliers of around 1 or even lower, with an upper bound of around 1.5 in some circumstances. In this paper, we use a recent...
Persistent link: https://www.econbiz.de/10012919561
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State-dependent fiscal multipliers with preferences over safe assets
Rannenberg, Ansgar - In: Journal of monetary economics 117 (2021), pp. 1023-1040
Persistent link: https://www.econbiz.de/10012603290
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Are government spending shocks inflationary at the zero lower bound? : new eEvidence from daily data
Choi, Sangyup; Shin, Junhyeok; Yoo, Seung Yong - 2022
Persistent link: https://www.econbiz.de/10013173338
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Fiscal Multipliers and the Choice of Zero Lower Bound Modeling
Siemsen, Thomas - 2013
multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint …
Persistent link: https://www.econbiz.de/10013078525
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The euro-area government spending multiplier at the effective lower bound
Amendola, Adalgiso; Di Serio, Mario; Fragetta, Matteo; … - In: European economic review : EER 127 (2020), pp. 1-17
Persistent link: https://www.econbiz.de/10012322695
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The euro-area government spending multiplier at the effective lower bound
Amendola, Adalgiso; Di Serio, Mario; Fragetta, Matteo; … - 2019
economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier … average multiplier is about 1 in normal times and between 1.6 and 2.8 at the ELB, depending on the specification. The … difference between the two multipliers is distributed largely away from zero. More generally, the multiplier is inversely …
Persistent link: https://www.econbiz.de/10012102056