Sticky Prices Versus Sticky Information: Does it Matter for Policy Paradoxes?
收藏NBER2017-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23961
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资源简介：
This paper shows that government spending multiplier at the zero lower bound (ZLB) is larger under sticky information than under sticky prices. Similarly, well known paradoxes, e.g., the paradox of toil and the paradox of flexibility become more severe under sticky information. For the case of
提供机构：
美国国家经济研究局
创建时间：
2017-10-01
