Macroeconomic impacts of fiscal policy shocks in the UK: A DSGE analysis

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• 作者：Keshab Bhattarai^a ; ^{Bhattarai@hull.ac.uk} ; Dawid Trzeciakiewicz^b ; ^{D.Trzeciakiewicz@bradford.ac.uk}
• 关键词：E32 ; E63
• 刊名：Economic Modelling
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：61
• 期：Complete
• 页码：321-338
• 全文大小：1009 K
• 卷排序：61

文摘

An estimated new-Keynesian DSGE model for the fiscal policy analysis in the UK. GDP multiplier for six fiscal policy instruments. Effectiveness of fiscal policy when nominal interest rate is at the zero lower bound. A role of nominal and real frictions in the transmission mechanism of fiscal policy.