New Keynesian Liquidity Trap and Conventional Fiscal Stance: An Estimated DSGE Model

New Keynesian Liquidity Trap and Conventional Fiscal Stance: An Estimated DSGE Model

The study investigates the effect of New Keynesian liquidity trap on fiscal stance in the United States, United Kingdom and Japan economies. We developed our DSGE model in the context of an optimal and persistent interactive fiscal policy, which allows us to track the transmission channel through wh...

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Bibliographic Details
Main Authors: Shobande Olatunji Abdul, Shodipe Oladimeji Tomiwa
Format: Article
Language:English
Published: Sciendo 2019-01-01
Series:Economics and Business
Subjects:
fiscal policy
liquidity trap
bayesian
dsge model
e13
e62
Online Access:https://doi.org/10.2478/eb-2019-0011

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