@inproceedings{RoulleauPasdeloup2014WhyIT, title={Why Is the Government Spending Multiplier Larger at the Zero Lower Bound ? Not ( Only ) Because of the Zero Lower Bound}, author={Jordan Roulleau-Pasdeloup}, year={2014} }

- Published 2014

I develop a New Keynesian model with search and matching frictions, in which the government buys goods produced by the firms. I solve the non-linear model globally and examine the magnitude of government spending multipliers in and out of the ZLB. I distinguish the cases of Nash-bargained and rigid real wages. The model with Nash-bargained wages gives… CONTINUE READING

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