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

Julien Albertini, Arthur Poirier and Jordan Roulleau-Pasdeloup

Economics Letters, 2014, vol. 122, issue 1, 31-35

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.

Keywords: Zero lower bound; New Keynesian; Government spending multiplier (search for similar items in EconPapers)
JEL-codes: E31 E32 E52 E62 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (30)

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Related works:
Working Paper: The composition of government spending and the multiplier at the zero lower bound (2014)
Working Paper: The composition of government spending and the multiplier at the zero lower bound (2014)
Working Paper: The composition of government spending and the multiplier at the Zero Lower Bound (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:122:y:2014:i:1:p:31-35

DOI: 10.1016/j.econlet.2013.10.021

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