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 government spending is productive, substitutable or not for private consumption.

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Year of publication:	2014
Authors:	Albertini, Julien ; Poirier, Arthur ; Roulleau-Pasdeloup, Jordan
Publisher:	Berlin : Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
Subject:	Zero lower bound \| New Keynesian \| Government spending multiplier

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Series:	SFB 649 Discussion Paper ; 2014-017
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	780044312 [GVK] hdl:10419/93222 [Handle] RePEc:hum:wpaper:sfb649dp2014-017 [RePEc]
Classification:	E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	EconStor

Persistent link: https://www.econbiz.de/10010333209