Abstract
We consider the fiscal multiplier and spillover-the extent to which one country's government expenditure increases production at home and also in another foreign country, when the two countries are caught simultaneously in a liquidity trap. Using a standa
Original language | English |
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Pages (from-to) | 1264-1283 |
Journal | Journal of Economic Dynamics and Control |
Volume | 37 |
Issue number | 7 |
DOIs | |
Publication status | Published - 2013 |