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~institution:"C.E.P.R. Discussion Papers"
~institution:"Deutsche Bundesbank"
~person:"Artis, Michael J"
~person:"Teles, Pedro"
~subject:"Fiscal policy"
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Unconventional Fiscal Policy at the Zero Bound
Correia, Isabel
;
Farhi, Emmanuel
;
Nicolini, Juan Pablo
; …
-
C.E.P.R. Discussion Papers
-
2011
When the zero lower bound on nominal interest rates binds,
monetary
policy
cannot provide appropriate stimulus. We show …
monetary
policy
. …
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