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| 01893cam 2200349za 4500 |
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| 001 | 9.846360 |
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| 003 | CaOODSP |
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| 005 | 20221107153202 |
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| 007 | cr ||||||||||| |
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| 008 | 171030s2017 oncd obs f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |aa-ja--- |
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| 086 | 1 |aFB3-5/2017-40E-PDF |
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| 100 | 1 |aMiyamoto, Wataru. |
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| 245 | 10|aGovernment spending multipliers under the zero lower bound |h[electronic resource] : |bevidence from Japan / |cby Wataru Miyamoto, Thuy Lan Nguyen and Dmitriy Sergeyev. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2017. |
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| 300 | |aii, 50 p. : |bcharts (some col.) |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2017-40 |
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| 500 | |a"September 2017." |
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| 504 | |aIncludes bibliographical references (38-42). |
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| 520 | 3 |a“Using a rich data set on government spending forecasts in Japan, we provide newevidence on the effects of unexpected changes in government spending when the nominal interest rate is near the zero lower bound (ZLB). The on-impact output multiplier is 1.5 in the ZLB period, and 0.6 outside of it. We estimate that government spending shocks increase both private consumption and investment during the ZLB period but crowd them out in the normal period. There is evidence that expected inflation increases by more in the ZLB period than in the normal period"--Abstract, p. ii. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aPublic expenditures |
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| 692 | 07|2gccst|aInterest rates |
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| 692 | 07|2gccst|aModelling |
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| 692 | 07|2gccst|aMonetary policy |
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| 700 | 1 |aNguyen, Thuy Lan. |
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| 700 | 1 |aSergeyev, Dmitriy. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2017-40|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.23 MB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-40-eng.pdf |
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