Title:

How Can the Government Spending Multiplier Be Small at the Zero Lower Bound?

Authors:

Valerio Ercolani (Bank of Italy)
João Valle e Azevedo (Bank of Portugal, U Nova)

Journal:

Macroeconomic Dynamics

Year:

2019

Volume:

23

Number:

8

Pages:

3457-3482

JEL codes:

E31 - Price Level; Inflation; Deflation
E1 - General Aggregative Models