Le multiplicateur de dépenses publiques en période de trappe à liquidité

Arthur Poirier

Revue française d'économie, 2014, vol. Volume XXIX, issue 1, 11-23

Abstract: This article shows that the government spending multiplier is very high in a New Keynesian framework but less than one when the Taylor Rule is active. It can be higher when the economy is stuck at the Zero Lower Bounds. Moreover, we show that the deeper the recession the larger the multiplier.

Date: 2014
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