Advanced Search
MyIDEAS: Login to save this article or follow this journal

Is stimulative fiscal policy more effective at the zero lower bound?

Contents:

Author Info

  • Renee Courtois Haltom
  • Pierre-Daniel G. Sarte

Abstract

Several recent research efforts have found that stimulative fiscal policy — government spending or tax cuts — can have unusual effects when nominal interest rates are as low as they are today. In particular, some studies have found that the government spending "multiplier" can be much larger at the zero lower bound. Despite these results, some caution is due when interpreting the size of the fiscal multiplier.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.richmondfed.org/publications/research/economic_brief/2011/pdf/eb_11-08.pdf
Download Restriction: no

File URL: http://www.richmondfed.org/publications/research/economic_brief/2011/eb_11-08.cfm
Download Restriction: no

Bibliographic Info

Article provided by Federal Reserve Bank of Richmond in its journal Richmond Fed Economic Brief.

Volume (Year): (2011)
Issue (Month): Aug ()
Pages:

as in new window
Handle: RePEc:fip:fedreb:y:2011:i:aug:n:11-8

Contact details of provider:
Web page: http://www.richmondfed.org/
More information through EDIRC

Order Information:
Email:
Web: http://www.richmondfed.org/publications/

Related research

Keywords: Business cycles ; Economic growth ; Monetary policy ; Fiscal policy;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:fip:fedreb:y:2011:i:aug:n:11-8. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (William Perkins).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.