The fiscal multiplier and spillover in a global liquidity trap

Ippei Fujiwara, Kozo Ueda

    Research output: Contribution to journalArticle

    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 languageEnglish
    Pages (from-to)1264-1283
    JournalJournal of Economic Dynamics and Control
    Volume37
    Issue number7
    DOIs
    Publication statusPublished - 2013

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