The fiscal multiplier and spillover in a global liquidity trap

DOI10.1016/J.JEDC.2013.02.006zbMATH Open1402.91448OpenAlexW3122901701MaRDI QIDQ1994258FDOQ1994258

Authors: Ippei Fujiwara, Kozo Ueda 

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: http://dallasfed.org/assets/documents/institute/wpapers/2010/0051.pdf

Recommendations

• Models of international fiscal spillovers
• Fiscal Policy in an Expectations-Driven Liquidity Trap
• Spillover effects of fiscal policy in a monetary union: why do fiscal instruments matter?
• Liquidity traps in a world economy
• Fiscal policy interventions at the zero lower bound

zbMATH Keywords

fiscal policytwo-country modelzero lower boundbeggar-thy-neighbor

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Price Stability in Open Economies
• IMPLEMENTING INTERNATIONAL MONETARY COOPERATION THROUGH INFLATION TARGETING
• Optimal monetary policy when interest rates are bounded at zero
• Interaction of fiscal and monetary policy in a monetary union under the zero lower bound constraint

Cited In (12)

• Fiscal policy spillovers in a monetary union
• International spillovers from U.S. fiscal policy shocks
• The effects of fiscal policy in a small open economy with a fixed exchange rate
• Fiscal policy interventions at the zero lower bound
• Exchange rate regimes and fiscal multipliers
• Fiscal multipliers and foreign holdings of public debt
• Liquidity traps in a world economy
• Spillover effects of fiscal policy in a monetary union: why do fiscal instruments matter?
• Hoarding international reserves versus a pigovian tax-cum-subsidy scheme: reflections on the deleveraging crisis of 2008--2009, and a cost benefit analysis
• Fiscal Policy in an Expectations-Driven Liquidity Trap
• Models of international fiscal spillovers
• The fiscal multiplier in a liquidity-constrained New Keynesian economy

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