Now showing items 1-3 of 3

    • Fiscal Policy in an Unemployment Crisis 

      Rendahl, P. (Department of Applied Economics, 2014-04-29)
      This paper studies a model of equilibrium unemployment in which the efficacy of scal policy increases markedly in times of crises. A sudden rise in pessimism leads households to save rather than to spend, causing a fall ...
    • Fiscal Policy in an Unemployment Crisis 

      Rendahl, Pontus (Faculty of Economics, University of Cambridge, UK, 2012-02-28)
      This paper argues that the effectiveness of fiscal policy may increase markedly during periods of low nominal interest rates and high, persistent, unemployment. An increase in government spending boosts economic activity ...
    • Fiscal Policy in an Unemployment Crisis 

      Rendahl, P. (Department of Applied Economics, 2012-02-28)
      This paper argues that the effectiveness of fiscal policy may increase markedly during periods of low nominal interest rates and high, persistent, unemployment. An increase in government spending boosts economic activity ...