The composition of government spending and the multiplier at the Zero Lower Bound

Julien Albertini, Arthur Poirier and Jordan Roulleau-Pasdeloup

No 2014-017, SFB 649 Discussion Papers from Humboldt University Berlin, Collaborative Research Center 649: Economic Risk

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 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 (1)

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Related works:
Journal Article: 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:zbw:sfb649:sfb649dp2014-017

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