Open AccessFiscal Multipliers at the Zero Lower Bound: The Role of Policy Inertia
Author(s) -
Timothy Hills,
Taisuke Nakata
Publication year - 2014
Publication title -
finance and economics discussion series
Language(s) - English
Resource type - Journals
eISSN - 2767-3898
pISSN - 1936-2854
DOI - 10.17016/feds.2014.107
Subject(s) - zero lower bound , economics , recession , government spending , fiscal policy , keynesian economics , fiscal multiplier , multiplier (economics) , monetary economics , shadow (psychology) , monetary policy , inertia , macroeconomics , welfare , market economy , psychology , physics , classical mechanics , psychotherapist