Downward nominal wage rigidity and state-dependent government spending multipliers
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DOI: 10.1016/j.jmoneco.2018.04.006
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- Julien Albertini & Stéphane Auray & Hafedh Bouakez & Aurélien Eyquem, 2019.
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- Pan, Xiongfeng & Xu, Haitao & Li, Mengna & Zong, Tianjiao & Lee, Chew Tin & Lu, Yuduo, 2020. "Environmental expenditure spillovers: Evidence from an estimated multi-area DSGE model," Energy Economics, Elsevier, vol. 86(C).
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- Born, Benjamin & D'Ascanio, Francesco & Müller, Gernot & Pfeifer, Johannes, 2019. "The worst of both worlds: Fiscal policy and fixed exchange rates," CEPR Discussion Papers 14073, C.E.P.R. Discussion Papers.
- Liu, Shih-fu & Huang, Wei-chi & Lai, Ching-chong, 2020.
"Could Fiscal Policies Overcome a Deep Recession at the Zero Lower Bound?,"
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- Liu, Shih-fu & Huang, Wei-chi & Lai, Ching-chong, 2020. "Could Fiscal Policies Overcome a Deep Recession at the Zero Lower Bound?," MPRA Paper 99842, University Library of Munich, Germany.
- Aursland, Thor Andreas & Frankovic, Ivan & Kanik, Birol & Saxegaard, Magnus, 2020. "State-dependent fiscal multipliers in NORA - A DSGE model for fiscal policy analysis in Norway," Economic Modelling, Elsevier, vol. 93(C), pages 321-353.
More about this item
Keywords
Business cycle-dependent multiplier; State dependent government spending effects; Downward nominal wage rigidity; Fiscal policy effects; New Keynesian models;JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
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