Exploring Fiscal Policy at Zero Interest Rates in Intermediate Macroeconomics

Autor/inn/en	Ramamurthy, Srikanth; Sedgley, Norman
Titel	Exploring Fiscal Policy at Zero Interest Rates in Intermediate Macroeconomics
Quelle	In: Journal of Economic Education, 44 (2013) 4, S.353-363 (11 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2013.825113
Schlagwörter	Macroeconomics; Economics Education; Financial Policy; Undergraduate Study; Credit (Finance); Taxes + Suchen Sie Ihr Suchwort? Makroökonomie; Wirtschaftskunde; Fiscal policy; Finanzpolitik; Grundstudium; Credit; Kredit; Abgabe
Abstract	Since the financial meltdown of 2007, advanced macroeconomic theory has delved more deeply into the question of the appropriate fiscal policy when the nominal interest rate is close to or at zero percent. Such analysis is typically conducted with the aid of New Keynesian Dynamic Stochastic General Equilibrium models. The policy implications are, in some cases, surprising. Multipliers can change by large magnitudes, and the signs of some tax multipliers are reversed. The authors show how these results can be clearly presented to an intermediate undergraduate audience within the standard IS-MP and AD-AS framework of Jones (2011). (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10