Documents & Reports

When is the government transfer multiplier large ? (English)


Transfers to individuals were a larger part of the 2009 U.S. stimulus package than government purchases. Using a two-agent New Keynesian model, this paper shows analytically that the multiplier on targeted transfers to financially constrained households...  See More +


  • Giambattista, Eric; Pennings, Steven Michael;
  • 2017/09/06 14:41:04
  • Policy Research Working Paper;
  • WPS8184
  • 1
  • 1
  • World
  • The World Region
  • 2017/09/06 14:37:37
  • Disclosed
  • When is the government transfer multiplier large ?
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