EconPapers    
Economics at your fingertips  
 

Comment on Eggertsson, \"What fiscal policy is effective at zero interest rates?\"

Lawrence Christiano

No 2010-06, FRB Atlanta CQER Working Paper from Federal Reserve Bank of Atlanta

Abstract: Gauti B. Eggertsson's paper (published in NBER Macroeconomics Annual 2010) represents an important contribution to the analysis of fiscal policy in the New Keynesian model when the zero lower bound on the nominal interest rate is binding. The paper accomplishes a great deal. It analyzes two types of taxes on capital and labor, the investment tax credit, a sales tax, and two types of government spending. It deserves to be an important reference on fiscal policy in a binding zero lower bound. In my discussion, I focus on the subset of Eggertsson's results that initially surprised me and that I think will surprise many other readers too.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.frbatlanta.org/documents/cqer/publicationscq/cqerwp/cqer_wp10-06.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.frbatlanta.org/documents/cqer/publicationscq/cqerwp/cqer_wp10-06.pdf [301 Moved Permanently]--> https://www.frbatlanta.org/documents/cqer/publicationscq/cqerwp/cqer_wp10-06.pdf [301 Moved Permanently]--> https://www.atlantafed.org/documents/cqer/publicationscq/cqerwp/cqer_wp10-06.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedacq:2010-06

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in FRB Atlanta CQER Working Paper from Federal Reserve Bank of Atlanta Contact information at EDIRC.
Bibliographic data for series maintained by Rob Sarwark ().

 
Page updated 2024-11-07
Handle: RePEc:fip:fedacq:2010-06