The Effects of a Money-Financed Fiscal Stimulus in a Small Open Economy
The Effects of a Money-Financed Fiscal Stimulus in a Small Open Economy
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London: Palgrave Macmillan UK
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Language
English
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Publisher
London: Palgrave Macmillan UK
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Contents
We construct a small open economy model to analyze the effects of a money-financed fiscal stimulus compared with a conventional debt-financed fiscal stimulus in a liquidity trap. By developing a closed economy model, Gali (J Monet Econ 115:1–19, 2020) highlights the effectiveness of an increase in government expenditure in the debt-financed fiscal...
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Full title
The Effects of a Money-Financed Fiscal Stimulus in a Small Open Economy
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TN_cdi_gale_infotracmisc_A822255539
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotracmisc_A822255539
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ISSN
2041-4161
E-ISSN
2041-417X
DOI
10.1057/s41308-023-00219-6
