The composition of government spending and the multiplier at the zero lower bound

C-Tier

Journal: Economics Letters

Year: 2014

Volume: 122

Issue: 1

Pages: 31-35

Authors (3)

Albertini, Julien (Université de Lyon) Poirier, Arthur (Université Paris-Dauphine (Par...) Roulleau-Pasdeloup, Jordan (National University of Singapo...)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

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

The composition of government spending and the multiplier at the zero lower bound

Authors (3)

Abstract

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