Fiscal Multipliers: Liquidity Traps and Currency Unions
收藏NBER2012-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18381
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We provide explicit solutions for government spending multipliers during a liquidity trap and within a fixed exchange regime using standard closed and open-economy models. We confirm the potential for large multipliers during liquidity traps. For a currency union, we show that self-financed
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美国国家经济研究局创建时间：
2012-09-01
