When is the government spending multiplier large?
收藏NBER2009-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15394
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We argue that the government-spending multiplier can be much larger than one when the zero lower bound on the nominal interest rate binds. The larger is the fraction of government spending that occurs while the nominal interest rate is zero, the larger is the value of the multiplier. After providing
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美国国家经济研究局创建时间：
2009-10-01
