| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23961 |
| 来源ID | Working Paper 23961 |
| Sticky Prices Versus Sticky Information: Does it Matter for Policy Paradoxes? | |
| Gauti B. Eggertsson; Vaishali Garga | |
| 发表日期 | 2017-10-30 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper shows that government spending multiplier at the zero lower bound (ZLB) is larger under sticky information than under sticky prices. Similarly, well known paradoxes, e.g., the paradox of toil and the paradox of flexibility become more severe under sticky information. For the case of sticky information it is important to assume that the fiscal policy intervention coincides with the duration of zero interest rates, while such distinction is less important in some special cases for sticky prices. This allows us to unify and clarify results that may appear to contradict each other in the literature. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy ; Fiscal Policy |
| URL | https://www.nber.org/papers/w23961 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581635 |
| 推荐引用方式 GB/T 7714 | Gauti B. Eggertsson,Vaishali Garga. Sticky Prices Versus Sticky Information: Does it Matter for Policy Paradoxes?. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23961.pdf（309KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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