Fujiwara, IppeiUeda, Kozo2015-12-080165-1889http://hdl.handle.net/1885/33940We 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 standaKeywords: Beggar-thy-neighbor; Fiscal policy; Two-country model; Zero lower bound201310.1016/j.jedc.2013.02.0062016-02-24