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Author
Szymańska Agata (Uniwersytet Łódzki)
Title
Efekty polityki fiskalnej w warunkach niskich stóp procentowych - przegląd literatury
Effects of Fiscal Policy at Low Interest Rates - Literature Overview
Source
Studia Prawno-Ekonomiczne, 2014, t. 93, s. 331-349, bibliogr. 19 poz.
Studies in Law and Economics
Keyword
Polityka fiskalna, Efektywność, Przegląd literatury, Mnożnik fiskalny
Fiscal policy, Effectiveness, Literature review, Fiscal multiplier
Note
summ.
Abstract
The aim of this paper is to present a review of literature concerning the effectiveness of fiscal policy in terms of nominal interest rates closed to zero. According to the recent studies, when the zero lower bound is binding, the effectiveness of fiscal expansion (measured by fiscal multipliers) increases. Moreover, the impact of fiscal policy is stronger the more accommodative monetary policy is.(original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
Bibliography
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ISSN
0081-6841
Language
pol
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