IDEAS home Printed from https://ideas.repec.org/a/fip/fedreb/y2011iaugn11-8.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.

Suggested Citation

  • Renee Courtois Haltom & Pierre-Daniel G. Sarte, 2011. "Is stimulative fiscal policy more effective at the zero lower bound?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Aug.
  • Handle: RePEc:fip:fedreb:y:2011:i:aug:n:11-8
    as

    Download full text from publisher

    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

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:bla:ausecp:v:56:y:2017:i:2:p:119-133 is not listed on IDEAS

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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: (Christian Pascasio). General contact details of provider: http://edirc.repec.org/data/frbrius.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.