Do Household Finances Constrain Unconventional Fiscal Policy?
收藏数据链接：
官方服务：
资源简介：
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables
提供机构：
美国国家经济研究局创建时间：
2018-11-01
