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Replication data for: Unconventional Fiscal Policy at the Zero Bound

Version
V0
Resource Type
Dataset
Creator
  • Correia, Isabel
  • Farhi, Emmanuel
  • Nicolini, Juan Pablo
  • Teles, Pedro
Publication Date
2013-06-01
Description
  • Abstract

    When the zero lower bound on nominal interest rates binds, monetary policy cannot provide appropriate stimulus. We show that, in the standard New Keynesian model, tax policy can deliver such stimulus at no cost and in a time-consistent manner. There is no need to use inefficient policies such as wasteful public spending or future commitments to low interest rates.
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.103.4.1172 (Text)
Publications
  • Correia, Isabel, Emmanuel Farhi, Juan Pablo Nicolini, and Pedro Teles. “Unconventional Fiscal Policy at the Zero Bound.” American Economic Review 103, no. 4 (June 2013): 1172–1211. https://doi.org/10.1257/aer.103.4.1172.
    • ID: 10.1257/aer.103.4.1172 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Correia, Isabel; Farhi, Emmanuel; Nicolini, Juan Pablo; Teles, Pedro (2013): Replication data for: Unconventional Fiscal Policy at the Zero Bound. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112643