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When is the government transfer multiplier large ? (英语)

摘要

Transfers to individuals were a larger part of the 2009 U.S. stimulus package than government purchases. Using a two-agent New Keynesian model, this paper shows analytically that the multiplier on targeted transfers to financially constrained households... 更多显示

详细

  • Giambattista, Eric; Pennings, Steven Michael;
  • 2017/09/06 14:41:04
  • 政策研究工作报告
  • WPS8184
  • 1
  • 1
  • 世界
  • 世界各地区
  • 2017/09/06 14:37:37
  • Disclosed
  • When is the government transfer multiplier large ?
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