Efekty polityki fiskalnej w warunkach niskich stóp procentowych – przegląd literatury

• Authors: Agata Szymańska

Title variants

EN

Effects of fiscal policy at low interest rates – literature overview

• Languages of publication: PL

Abstracts

EN

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.

Keywords

PL

mnożnik fiskalny,; efektywność polityki fiskalnej; pułapka płynności

EN

fiscal multipliers; fiscal policy effectiveness; liquidity trap

• Publisher: Łódzkie Towarzystwo Naukowe, Stowarzyszenie
• Journal: Studia Prawno-Ekonomiczne
• Year: 2014
• Volume: XCIII (93)
• Pages: 331-349

Dates

published

2014

Contributors

author

Agata Szymańska

• Katedra Funkcjonowania Gospodarki, Wydział Ekonomiczno-Socjologiczny, Uniwersytet Łódzki

References

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