Fiscal Multipliers under an Interest Rate Peg of Deterministic vs . Stochastic Duration

@inproceedings{Carlstrom2012FiscalMU,
  title={Fiscal Multipliers under an Interest Rate Peg of Deterministic vs . Stochastic Duration},
  author={Charles T. Carlstrom and Timothy S. Fuerst and Matthias Paustian},
  year={2012}
}
Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded offi cial Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank of Cleveland or of the Board of Governors of the Federal Reserve System. This paper revisits the… CONTINUE READING