The fiscal multiplier and spillover in a global liquidity trap

Fujiwara, Ippei; Ueda, Kozo

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The fiscal multiplier and spillover in a global liquidity trap

Date

2013

Authors

Fujiwara, Ippei

Ueda, Kozo

Publisher

Elsevier

Abstract

We consider the fiscal multiplier and spillover-the extent to which one country's government expenditure increases production at home and also in another foreign country, when the two countries are caught simultaneously in a liquidity trap. Using a standa