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Le multiplicateur de dépenses publiques en période de trappe à liquidité

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  • Arthur Poirier

Abstract

This article shows that the government spending multiplier is very high in a New Keynesian framework but less than one when the Taylor Rule is active. It can be higher when the economy is stuck at the Zero Lower Bounds. Moreover, we show that the deeper the recession the larger the multiplier.

Suggested Citation

  • Arthur Poirier, 2014. "Le multiplicateur de dépenses publiques en période de trappe à liquidité," Revue française d'économie, Presses de Sciences-Po, vol. 0(1), pages 11-23.
    • Handle: RePEc:cai:rferfe:rfe_141_0011
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