Fiscal Stimulus with Imperfect Expectations: Spending vs. Tax Policy
收藏NBER2021-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29134
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资源简介：
This paper addresses the question: how sensitive is the power of fiscal policy at the ZLB to the assumption of rational expectations? We do so through the lens of a standard NK model in which people are dynamic-level-k thinkers. Our analysis weakens the case for using government spending to
提供机构：
美国国家经济研究局
创建时间：
2021-08-01
