Speaker: Paulo Santos Monteiro
Title: Analytics of the Government Spending Multiplier with Quantitative Easing
This seminar explores the government expenditure multiplier within the zero lower bound scenario, utilizing the New Keynesian DSGE model with Calvo pricing, specifically the four equations NK model introduced by Sims et al. in 2021. Our study aims to ascertain the government spending multiplier and evaluate the welfare implications of fiscal stimulus during interest rate constraints, all while incorporating quantitative easing as a key element within the central bank’s toolkit.
Auditorium B203 and Online via zoom
