The Euro-Area Government Spending Multiplier at the Effective Lower Bound /
We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the overall monetary policy stance, captured by a shadow monetary policy rate. In the sho...
| Հիմնական հեղինակ: | |
|---|---|
| Այլ հեղինակներ: | , , |
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Շարք: | IMF Working Papers; Working Paper ;
No. 2019/133 |
| Առցանց հասանելիություն: | Full text available on IMF |