The Fiscal Multiplier in Small Open Economy : The Role of Liquidity Frictions

The Role of Liquidity Frictions

The Fiscal Multiplier in Small Open Economy : The Role of Liquidity Frictions
This paper studies the fiscal multiplier using a small-open-economy DSGE model enriched with financial frictions. It shows that the multiplier is large when frictions are present in domestic and international financial markets. The reason is that in the model government bonds are more liquid than private financial assets and that entrepreneurs... READ MORE...

Publication date: July 2016
ISBN 9781498366298
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: July 2016

PDF

Publication date: September 2016

ePub

Publication date: September 2016

Mobi

Publication date: September 2016

English